-100% Prime Freehold Retail Investment
-Passing Rent: £225,500 per annum
-Price: £2,300,000
-Net Initial Yield: 9.20%
Fawcett Mead are pleased to have advised CBRE Investment Management on the disposal of 54/56 Parade, Royal Leamington Spa.
The 100% prime freehold asset is let to WH Smith Retail Holdings Limited until 29th May 2027 - therefore offering approximately six years of secure income.
The property benefits from potential for extension and / or conversion of the upper parts to residential or alternative use (STPP).
Jonathan Mills commented "We were pleased to sell this prime retail investment for CBRE IM having received strong interest in a competitive bidding environment."
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