FHP SELL CO-OP INVESTMENT, NEW YORK STREET, LEEDS

Investment News

FHP have sold the long leasehold investment of the Co-op premises located on New York Street, Leeds.

Ben Tebbutt, Partner at FHP, acted on behalf of the vendor, Oakgate (Bradford) Ltd.  The property was sold at a price of £1,050,000 reflecting a yield of 6.75%.  Co-op are paying a rent of £75,000 per annum with 13 years remaining on their lease. 

The property was purchased by Dyson Properties, with David Dresler of Dresler Smith acting on behalf of the purchaser.