Green & Partners advised Square Metre Asset Management on the disposal of 74-80 North End, Croydon. The sale achieved a price of £10.25 million reflecting a net initial yield of 5.14%. The property produces a gross income of £564,800 per annum.
The retail element is let to Deichmann Shoes and Game. The upper floors are let to a dental practice, podiatrist and Atkins Hope Solicitors. The property has a weighted average unexpired lease term of 2.32 years to expiry, favourable for a number of asset management opportunities.
For more information, please get in touch with Ed Smith.