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Investment
The Brewmasters House, Court Street,
Faversham, Kent
This was purchased for a private consortium for a price of £1,022,500, which reflects a net initial yield of 5.25%. The unit is let to ASK Restaurants Ltd.
33 East Street, Derby
This was purchased for a private investor for a price of £1.85m, which reflects a net initial yield of 6.25%. The unit is let to Cheltenham & Gloucester Plc.
25/26 Peascod Street, Windsor
This was purchased for a private investor for a price of £3,844,000 which reflects a net initial yield of 5.19%. The units are let to HBOS Plc and Vodafone Ltd. There is an outstanding rent review on the HBOS unit.
