Truro: 17 Boscawen Street

May 2021
  • Let to HSBC Bank on a recently extended lease expiring in October 2026
  • Passing Rent: £150,000 per annum
  • Price: Circa £1,800,000
  • Net Initial Yield: Circa 7.85%

Acting on behalf of CBRE Global Investors, Fawcett Mead has sold the freehold interest in this prime bank investment for circa £1,800,000.

This followed a recent lease regear that Fawcett Mead acted on.

The property is let HSBC on a lease that expires on in October 2026, at a current passing rent of £150,000 per annum.

The purchase price reflected a NIY of circa 7.85%.

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