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Investment news
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April 2010 - B&Q, Muller Road, BristolGreen & Partners advised CBRE Investors on the purchase of a retail warehouse in Bristol. The unit is let to B&Q for a further 12 years at a current rent of £557,200 pax, (£13.50 psf). A price of £8.185m was paid, which reflects a Net Initial Yield of 6.4%. The property benefits from Open A1 (non-food) consent. CBRE advised the vendors, IVG Institutional Funds. |
February 2010 - 47 High Street, Winchester.Green & Partners advised a Private Investor on the sale of 47 High Street, Winchester. The property is let to JJB (Sports) Plc until 2019 at a current rent of £92,500 pax. A price in the region of £1.47m was paid, which reflects a Net Initial Yield of 5.95%. Green & Partners and Savills acted for the vendor and Nightingale Partners advised the Purchaser. 
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February 2010 - 58 Tavern Street, Ipswich.A Private Investor has purchased the freehold of the above shop for £765,000, reflecting 5.77% net initial yield. The property is let to TUI(UK) Ltd for a further 59.5 years. The property is reversionary. Green & Partners advised the purchaser whilst Savills acted for the vendors.
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January 2010 - Sainsburys, Fleet Road, FleetA Private Investor has purchased the freehold of the above supermarket for £6.125m, reflecting 5% net initial yield. The property is let to Sainsburys for a further 18 years. The property is reversionary. Green & Partners advised the purchaser whilst Tudor Toone advised the vendors. |
January 2010 - 57 High Street, WinchesterRoyal Liver has purchased the freehold of the above for £3.08m, reflecting 5.24% net initial yield. The property is let to Ask Restaurants Ltd for 30 years. There is a fixed uplift in Year 5 giving a reversionary yield of 5.93%. Green & Partners advised the purchaser whilst the vendor was unrepresented.
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