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Investment
55, 56 & 59 East Street; 52 & 53 Old Steyne, Brighton
This was purchased for a private investor for a price of £6.5m, which reflects a net initial yield of 8.8%. The retail units are let to French Connection & Jack Wills and the offices are let to Epic Performance Management Ltd
Southwark. London
This was purchased for a private consortium for a price of £5.675m, which reflects a net initial yield of 5.5%. The ground floor units are let to Pizza Express and Starbucks and there are 71 residential apartments above which are sold off.
17 South Street, Worthing, West Sussex
This was purchased for a private investor for a price of £1.89m, which reflects a net initial yield of 5.75%. The unit is let to Royal Bank of Scotland trading as Halifax.
