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Investment News
FHP Property Consultants are pleased to announce the completion of two retail investment sales along the street of Sadler Gate, Derby.
Earlier this year 34/35 Sadler Gate, home to the Brooklyn Social was sold within weeks of being on the market. The property was purchased by a local investor for a figure of £295,000. This reflects a yield of 7.8% after purchaser’s costs.
More recently, 36 Sadler Gate was sold for a similar value reflecting a yield of 9.75% after purchasers costs.
Darran Severn of FHP Property Consultants comments:
“I was pleased to have been instructed to sell both these properties having only recently secured both tenants. There is currently good demand from local and regional investors for this type of retail investment and this enabled us to complete both sales relatively quickly.”
For further information on the sale, please contact Darran Severn on 01332 343 222 or email darran@fhp.co.uk.