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Guildford: 148-150 High Street

February 2021
Sainsburys Logo
  • Prime high street supermarket let to Sainsburys until 2032.
  • Passing Rent: £805,000 per annum
  • Price: £14,800,000
  • Net Initial Yield: 5.10%

Fawcett Mead are delighted to have advised Legal & General Investment Management on the sale of 148-150 High Street, Guildford. The 32,000 sq ft foodstore is arranged over ground and two upper floors and is let entirely to Sainsburys until 2032.

The £14,800,000 sale price reflects a NIY of 5.10%.

Jonathan Mills commented "We were delighted to complete on this off market sale to an overseas investor who we had identified as having a specific requirement that matched the subject propertys characteristics. This follows on from our sale of the Waitrose in Clapham Junction for Legal & General and demonstrates the continued appetite for high street foodstore investments."

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