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Investment
59 East Street, Brighton
This was sold on behalf of a private investor for a price of £2.85m, which reflects a net initial yield of 5.1%. The property is let to Coast.
62 High Street, Weston Super Mare
This was purchased for a private investor for a price of £2,500,000, which reflects a net initial yield of 5.25%. The unit is let to Abbey National Plc.
33/35 Park Row & 13 Bond Court, Leeds
This was purchased for a private consortium for a price of £2,800,000, which reflects a net initial yield of 6.42%. The restaurant unit is let to Jamie’s Italian Ltd & the offices are let to John Delaney & Co Solicitors.
