Following a successful auction, clients of our firm have exchanged contracts to sell the above prime retail investment at a price of £1,180,000. Having recently acted on the letting of the entire unit to Buongiorno E Buonasera for 10 years at £75,000 per annum exclusive, the sale reflects a net initial yield of just under 6% to the purchaser. The property comprises a ground floor unit of 3,000 sq ft with a frontage of 65 ft to London Road.
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