INVESTMENT ACQUIRED


July 16, 2014

Investment News

Acting on behalf of Private Pension Fund Investor Clients FHP has acquired 6 St John’s Street, Ashbourne which is let to Barclays Bank.

The property is let in its entirety to Barclays Bank for 20 years from June 2007, i.e. expiring 2027. There is a Tenant break clause in 2022.

The property has been acquired for £325,000 which shows a net initial yield of 5.82% and a reversionary yield of 6.7% net of cost.

Noel Roper at FHP who advised on the acquisition confirmed:-

“It is hard to find good quality small investment properties for Clients – we are very pleased to have bought in Ashbourne which is a town which we like and know well. We continue to look for other opportunities on behalf of Private Clients and are actively searching for similar opportunities. We like Ashbourne and are attracted to the location as this position is showing a strengthening profile with Young Ideas, a high class fashion retailer, moving into the former Green Man Public House close by”.

For further information please contact Noel Roper – 0115 841113 / noel@fhp.co.uk

END

Noel D. Roper

 

BACK TO NEWS
Xhas now been added to your account

CONTINUE BROWSINGGO TO MY ACCOUNT