Mellersh & Harding, acting for McKay Securities PLC, have completed the sale of their freehold office investment in Oxford Street, Newbury at a price of £1,430,000. Comprising 6,500 sq ft, the entire property was let to Jaywing Central Limited on a lease until September 2022 at a rent of £95,000 per annum exclusive. The purchase reflected a net initial yield of 6.25%.
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