May 2018
Investment Acquistion
Plymouth : Derrys Cross Leisure

  • Passing Rent: £888,431
  • Net Initial Yield: 5.20%
  • Price: £17,250,000
Fawcett Mead has recently acted on behalf of Plymouth City Council on the purchase of this freehold city centre leisure investment. The property comprises a Travelodge Hotel, a gym and four restaurants/bars. The purchase price of £17.25 million reflected a NIY of 5.20%. The property has a WAULT of 17.45 years and 70% of the income is subject to indexed or fixed rental increases. Richard Bashford commented: “We were very pleased to secure this investment property on behalf of Plymouth City Council on an off market basis”. [read more]

May 2018
Investment Sale
Kingston : 1 Church Street and 23 Market Place

  • Recently let on a new 15 year lease
  • Passing Rent: £210,000 per annnum
  • Net Initial Yield: 3.80%
  • Price: £5,150,000
Fawcett Mead has recently acted on behalf of Legal & General Real Assets on the sale of this prime retail investment in Kingston. The property had recently been let to Pret a Manger on a new 15-year lease and the sale price of £5.15 million reflects a NIY of 3.80%. Richard Bashford commented: "This is an extremely attractive retail investment which generated strong demand and competitive bidding." [read more]

May 2018
Letting
Kingston : 30 Market Place

Fawcett Mead have recently completed a letting to Pierre Rene in Kingston on behalf of a private individual. They have signed a new 10-year lease, at £62,500 pax. [read more]

April 2018
Investment Sale
Okehampton : Co-op, Market Street

  • Passing Rent: £215,000
  • Net Initial Yield: 6.0%
  • Price: £3,365,000
Fawcett Mead has recently advised on a lease re-gear and subsequent investment sale of this supermarket investment, which was let to Co-op for a term of 10 years. The property was sold on behalf of Kennedy Wilson to West Devon District Council, and the price of £3,365,000 reflected a NIY of 6%. Savills advised West Devon District Council. Richard Bashford commented: “After working with the occupational tenant to re-gear the lease and complete their asset management plan, our client was very pleased with the price achieved on this investment sale." [read more]

April 2018
Investment Acquistion
Reading : 51 Broad Street

  • 100% prime retail parade
  • Net Initial Yield: £8,260,000
  • Price: 4.8%
On behalf of Columbia Threadneedle, Fawcett Mead are pleased to have acted on the acquisition of this 100% prime retail parade in Reading. Approximately 84% of the income is secured to minimum risk 5A1 covenants including Nationwide and Holland & Barrett, with a WAULT to expiry of 12.27 years. The acquisition price of £8,260,000 reflects a net initial yield of 4.8%. Jonathan Mills commented: "We are pleased to secure off-market this 100% prime retail parade for our clients Columbia Threadneedle, which completed their ownership of a substantial retail parade on Broad Street and now comprises one of the strongest UK high street ownerships." [read more]

April 2018
Investment Acquistion
Reading : 50 Broad Street

  • 100% prime retailing location on Broad Street
  • Net Initial Yield: 5.0%
  • Price: £3,200,000
On behalf of Columbia Threadneedle, Fawcett Mead are pleased to have acted on the acquisition of this 100% prime retail investment in Reading. The unit is let to the strong national covenant of Hotter Shoes on a 10-year lease expiring in 2025. The acquisition price of £3,200,000 reflects a net initial yield of 5.0%. Jonathan Mills commented: "We were pleased to secure this 100% prime unit for our clients Columbia Threadneedle, which completes their ownership of a substantial retail parade on Broad Street and now comprises one of the strongest UK high street ownerships." [read more]

April 2018
Investment Sale
Woodley : 81/109 Crockhamwell Road

  • Passing Rent: £499,341 per annum
  • Net Initial Yield: 7.0%
  • Price: £6,900,000
Fawcett Mead are pleased to have acted on the sale of this secure retail investment with significant development potential in Woodley. It is let to excellent covenants including Iceland Foods Ltd, Boots UK Ltd and Santander. A sale price of £6,900,000 reflects a net initial yield of 7.0%. Tom Heptonstall commented: “We are delighted to have acted on behalf of Schroders in the disposal of the subject property. We managed to achieve a strong price after quiet “off-market” marketing, which worked with our clients objectives.” [read more]

March 2018
Investment Sale
Exmouth : 26-46 Chapel Street

  • 7 well-configured retail units
  • Net Initial Yield: 8.0%
  • Price: £4,135,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail parade in Exmouth. The purchaser, a private investor, was represented by Savills. Tenants include Superdrug, Costa, Shoe Zone, Burton/Dorothy Perkins, Mountain Warehouse and Caffè Nero. The sale price of £4,135,000 reflects a net initial yield of 8.0%. Richard Bashford commented: "This is a rare unbroken parade of seven shops in an attractive town and the majority of the rents had been rebased. It attracted a good level of interest and we were pleased to exceed the asking price." [read more]

March 2018
Investment Acquistion
Crawley : 1-21 The Martlets

  • 10 well-configured retail units
  • Passing Rent: £1,352,100 per annum
  • Net Initial Yield: 7.53%
  • Price: £18,000,000
Acting on behalf of Kames Capital, Fawcett Mead are delighted to have acted on the acquisition of this 100% prime retail parade in Crawley. Tenants include H&M, Topshop, Sports Direct, NCP and EE, with a WAULT until expiry of circa 6 years. The acquisition price of £18,000,000 reflects a net initial yield of 7.53%. Jonathan Mills commented: "We are delighted to have secured this attractive investment proposition for our clients, Kames Capital. The property comprises a 100% prime retail parade, let to very strong covenants and offers a number of interesting asset management opportunities for our clients." [read more]

February 2018
Letting
Bishops Stortford : 14-16 South Street

Fawcett Mead have recently completed a letting to Nationwide on behalf of Columbia Threadneedle. They have signed a new 10 year lease, at £50,000 pax. Nick Carvey commented, “Despite some challenging times for some of Nationwide’s competitors, this deal shows that there is still demand from A2 operators for market towns across the country.” [read more]

February 2018
Investment Sale
Whitstable : Unit 1, 134 Cromwell Road

  • Let to the Southern Co-Operative Ltd on a new 15 year lease
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 5.38%
  • Price: £1,400,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Whitstable. The property is let to the Southern Co-Operative Ltd on a new 15 year lease without breaks. A sale price of £1,400,000 reflects a net initial yield of 5.38%. [read more]

February 2018
Investment Sale
Shipley : Market Street

  • Let to Co-Operative Group Ltd
  • Passing Rent: £48,200 per annum
  • Net Initial Yield: 6.79%
  • Price: £675,000
Fawcett Mead are pleased to have acted alongside Acuitus on the sale of this long let retail investment in Shipley on behalf of Kennedy Wilson. A sale price of £675,000 reflects a net initial yield of 6.79%. [read more]

February 2018
Investment Sale
Newquay : 10-10a Bank Street

  • Let to Holland & Barrett Retail Ltd until 2027
  • Passing Rent: £59,000 per annum
  • Net Initial Yield: 6.90%
  • Price: £810,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Newquay. The property is let to Holland & Barrett Retail Ltd until 2027. A sale price of £810,000 reflects a net initial yield of 6.90%%. [read more]

February 2018
Investment Sale
Newcastle-Under-Lyme : 1-2 Castle Walk

  • Let to New Look until 2022
  • Passing Rent: £130,000 per annum
  • Net Initial Yield: 8.50%
  • Price: £1,440,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Newcastle-Under-Lyme. The property is let to New Look Retailers Ltd until 2022. A purchase price of £1,440,000 reflects a net initial yield of 8.50%. [read more]

February 2018
Investment Sale
Harlow : 32 Broadwalk

  • Let to WH Smith on a new 5 year lease
  • Passing Rent: £100,750 per annum
  • Net Initial Yield: 7.35%
  • Price: £1,295,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Harlow. The property is let to WH Smith on a new five year lease. A purchase price of £1,295,000 reflects a net initial yield of 7.35%. [read more]

February 2018
Letting
Bury St Edmunds : 93 St Johns Street

Fawcett Mead have agreed on an off-market letting to COOK in the former Greenwoods store in Bury St Edmunds. This is an excellent result and reinforces the strength and appeal of Bury St Edmunds. [read more]

February 2018
Letting
Stanmore : Unit 12 Buckingham Parade

Fawcett Mead, acting for Aprirose REI, have recently agreed on an off-market letting to Co-Op Funeralcare in Stanmore. This follows a number of new lettings and subsequently leaves the parade fully occupied. [read more]

January 2018
Letting
St Neots : Unit 4 Rowley Arts Centre

Fawcett Mead are pleased to have completed the final letting in Rowley Arts Centre, St Neots, to Gainz Fitness. The gym operator will be a great addition to the tenant mix of the scheme, which also accommodates Pizza Express, Prezzo, Frankie & Bennys and Cineworld. [read more]

January 2018
Investment Sale
St Austell : 23/23a Fore Street

  • Let to Poundland Ltd until May 2025
  • Passing Rent: £165,000 per annum
  • Net Initial Yield: 8.36%
  • Price: £1,800,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in St Austell on behalf of CBRE Global Investors. The property is let to Poundland Ltd until May 2025. A sale price of £1,940,000 reflects a net initial yield of 8.00%. [read more]

January 2018
Investment Sale
Newquay : 10 Bank Street

  • Let to Holland & Barrett and a hairdressing salon
  • Passing Rent: £59,000 per annum
  • Net Initial Yield: 6.90%
  • Price: £810,000
Fawcett Mead are pleased to have acted on behalf of a private investor to relet the former Store Twenty One and complete on a subsequent sale of this prime retail investment in Newquay. A purchase price of £810,000 reflects a net initial yield of 6.90%. [read more]

January 2018
Investment Sale
Weymouth : 11-12 St Mary Street

  • Let to Bonmarche Ltd and Yours Clothing Ltd
  • Passing Rent: £134,500 per annum
  • Net Initial Yield: 7.25%
  • Price: £1,740,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Weymouth. A purchase price of £1,740,000 reflects a net initial yield of 7.25%. [read more]

January 2018
Investment Sale
Bournemouth : 28-34 Old Christchurch Road

  • Tenants include Ernest Jones, Holland & Barrett, Loungers and Waterstones
  • Passing Rent: £363,750 per annum
  • Net Initial Yield: 7.00%
  • Price: £4,875,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Bournemouth. The sale price of £4,875,000 reflects a net initial yield of 7.00%. Jonathan Mills commented: "We were delighted to have acted on this sale for LaSalle, where we were able to generate a competitive bidding situation and sell to an institutional purchaser". [read more]

January 2018
Investment Acquistion
Chelmsford : 26 High Street

  • Passing Rent: £197,000
  • Net Initial Yield: 5.00%
  • Price: £3,950,000
Fawcett Mead are pleased to have acted on the acquisition of 26 High Street, Chelmsford. A purchase price of £3,950,000 reflects a net initial yield of 5.00%. [read more]

January 2018
Investment Acquistion
Chatham : 184 - 190 High Street

  • Let to Primark for a term expiring in August 2029
  • Passing Rent: £275,000
  • Net Initial Yield: 5.50%
  • Price: £4,695,000
Fawcett Mead are pleased to have acted on the acquisition of 184-190 High Street, Chatham. A purchase price of £4,695,000 reflects a net initial yield of 5.50%. [read more]

January 2018
Investment Sale
Barnstaple : 72 High Street

  • New 10 year lease to JD Sports
  • Passing Rent: £120,000 per annum
  • Net Initial Yield: 5.82%
  • Price: £1,940,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Barnstable. The sale price of £1,940,000 reflects a net initial yield of 5.82%. [read more]

December 2017
Investment Sale
Cardiff : 4 Station Road

  • Let to The Co-Op Food Group on a new 15 year term
  • Passing Rent: £60,000 per annum
  • Net Initial Yield: 5.40%
  • Price: £1,050,000
Fawcett Mead are pleased to have acted on the sale of this convenience store located in the Radyr area of Cardiff. The property is let to The Co-Operative Food Group Limited for a term of fifteen years. Joe Baio commented "We are delighted to have completed the sale of this well-let convenience store in Cardiff at an attractive price for our client." [read more]

December 2017
Investment Sale
Doncaster : 41-45 St Sepulchre Gate

  • Sublet to Caffé Nero and Greenwoods
  • Passing Rent: £68,700 per annum
  • Net Initial Yield: 5.18%
  • Price: £1,250,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Doncaster, on behalf of Kennedy Wilson. The property is let to Oxfam on a FRI lease expiring in March 2071. A sale price of £1,250,000 reflects a net initial yield of 5.18%. [read more]

December 2017
Investment Sale
Sutton : Store B, St Nicholas Centre

  • Let to SportsDirect.com Retail Ltd until 2025
  • Passing Rent: £145,000 per annum
  • Net Initial Yield: 9.10%
  • Price: £1,500,000
Fawcett Mead are pleased to have acted on the sale of Store B, St Nicholas Centre in Chatham. A purchase price of £1,500,000 reflects a net initial yield of 9.10%. [read more]

December 2017
Investment Sale
Chelmsford : 26 High Street

  • Let to RBS Plc until August 2025
  • Passing Rent: £210,000 per annum
  • Net Initial Yield: 5.09%
  • Price: £3,875,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Chelmsford. The property is let to The Royal Bank of Scotland PLC until August 2025. A purchase price of £3,875,000 reflects a net initial yield of 5.09%, assuming purchasers costs of 6.53%. [read more]

December 2017
Investment Sale
Yeovil : 88-92 Middle Street

  • Let to Wilko Retail Ltd until April 2025
  • Passing Rent: £435,000 per annum
  • Net Initial Yield: 9.95%
  • Price: £4,100,000
Fawcett Mead are pleased to have acted on the sale of 88-92 Middle Street, Yeovil. The property is let in its entirety to Wilko Retail Limited on a 20 year, FRI lease. A purchase price of £4,100,000 reflects a net initial yield of 9.95%, assuming purchasers costs of 6.54%. [read more]

December 2017
Investment Acquistion
Darlington : 3-11 Northgate Street

  • Prime location on Northgate Street
  • Passing Rent: £108,000 per annum
  • Net Initial Yield: 9.00%
  • Price: £1,130,000
Fawcett Mead are pleased to have acted on the acquisition of 3-11 Northgate Street, Darlington on behalf of a private client. The unit is let to Novomatic UK Limited on a new ten year unbroken lease. A purchase price of £1,130,000 reflects a net initial yield of 9.03% assuming purchasers costs of 5.87%. [read more]

November 2017
Investment Sale
Cheshire Oaks : Cheshire Oaks Leisure Park

  • Prime out-of-town leisure opportunity
  • Passing Rent: £371,931 per annum
  • Net Initial Yield: 5.25%
  • Price: £6,630,000
Fawcett Mead are delighted to have acted on the sale of Cheshire Oaks Leisure Park on behalf of Lateral Property. The well-let leisure park is located in a prominent gateway site adjacent to the entrance of Cheshire Oaks Designer Outlet. The property provides a WAULT of 17 years and tenants include KFC, TGI Fridays and Costa Coffee. A purchase price of £6,630,000 reflects a net initial yield of 5.25%, assuming purchasers costs of 6.64%. [read more]

October 2017
Investment Sale
Yeovil : 21 Middle Street

  • New 5 year lease to Shoe Zone Ltd
  • Passing Rent: £38,500 per annum
  • Net Initial Yield: 7.82%
  • Price: £471,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Yeovil. The property is let to Shoe Zone Ltd on a new five year lease expiring in 2022. A purchase price of £471,000 reflects a net initial yield of 7.82%, assuming purchasers costs of 4.57%. [read more]

October 2017
Investment Sale
Whitehaven : 64-65 King Street

  • Prime retail investment let to Burton
  • Passing Rent: £56,860 per annum
  • Net Initial Yield: 11.70%
  • Price: £465,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Whitehaven. The property is let to Burton / Dorothy Perkins Properties Limited on a ten year lease from January 2011. A sale price of £465,000 reflects an attractive net initial yield of 11.70%. [read more]

October 2017
Investment Sale
Manchester : 15-15A Corporation Street

  • Property forms part of the Arndale shopping centre
  • Passing Rent: £235,000 per annum
  • Net Initial Yield: 6.85%
  • Price: £3,220,000
Fawcett Mead are pleased to have acted on the sale of this secure retail investment in a prominent location on Corporation Street for a major UK institution. The property is let to Pizza Hut Ltd and Second Cup and is opposite Marks and Spencer and Selfridges. A sale of £3,270,000 reflects a net initial yield of 6.75%. [read more]

October 2017
Investment Sale
Chelmsford : 26 High Street

  • Let to The Royal Bank of Scotland PLC until Aug 2025
  • Passing Rent: £210,000 per annum
  • Net Initial Yield: 5.09%
  • Price: £3,875,000
Fawcett Mead are delighted to have acted on the sale of this 100% prime pedestrianised trading position on the high street of Chelmsford. The property is let to The Royal Bank of Scotland PLC until August 2025. A sale price of £3,875,000 reflects a net initial yield of 5.09%. [read more]

October 2017
Investment Sale
Skewen : 42-43 New Road

  • Let to One Stop Stores Limited
  • Passing Rent: £31,500 per annum
  • Net Initial Yield: 9.21%
  • Price: £330,000
Fawcett Mead are pleased to have acted on the sale of this high-yielding retail investment in Skewen. The property is let to One Stop Stores Limited with a lease expiry in August 2022. A sale price of £330,000 reflects a net initial yield of 9.21%. [read more]

October 2017
Investment Sale
Lichfield : 20 Conduit Street

  • Let to Fat Face Ltd
  • Passing Rent: £65,000 per annum
  • Net Initial Yield: 6.00%
  • Price: £1,025,000
Fawcett Mead are pleased to have acted on the sale of a highly attractive unit in the affluent cathedral city of Lichfield. The property is let to Fat Face Limited on a FRI lease expiring in 2023. The sale price of £1,025,000 reflects a net initial yield of 6.00%. [read more]

October 2017
Investment Sale
Chatham : 184-190 High Street

  • Let to Primark Stores Limited until August 2029
  • Passing Rent: £275,000 per annum
  • Net Initial Yield: 5.36%
  • Price: £4,814,000
Fawcett Mead are delighted to have acted on the sale of this 100% prime retail investment in Chatham on behalf of CBRE Global Investors. The property is let to the excellent covenant of Primark Stores Ltd until August 2029 with no breaks. A sale price of £4,814,000 reflects a net initial yield of 5.36%. [read more]

October 2017
Investment Sale
Bury St Edmunds : 25-26 Buttermarket

  • Let to Holland & Barrett and Shoe Zone
  • Passing Rent: £165,000 per annum
  • Net Initial Yield: 7.05%
  • Price: £2,200,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in the attractive market town of Bury St Edmunds for Kennedy Wilson. The property is let to Holland & Barrett and Shoe Zone. A sale price of £2,200,000 reflects a net initial yield of 7.05%. [read more]

October 2017
Investment Sale
Kidderminster : 30 Vicar Street

  • Let to EE Ltd on a new five year lease
  • Passing Rent: £35,500 per annum
  • Net Initial Yield: 7.30%
  • Price: £465,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Kidderminster, on behalf of a private client. The property is let to EE Limited on a new five year lease expiring in 2022. A sale price of £465,000 reflects a net initial yield of 7.30%. [read more]

October 2017
Investment Sale
Stratford Upon Avon : 29/29A High Street

  • Prime retail investment in affluent world tourist destination
  • Passing Rent: £100,000
  • Net Initial Yield: 7.43%
  • Price: £1,270,000
Fawcett Mead are pleased to have acted for OLIM Property on the sale of this retail investment in Stratford-upon-Avon. The property is let to Robert Dyas Ltd on a FRI lease expiring in 2019. A sale price of £1,270,000 reflects a net initial yield of 7.43%. [read more]

October 2017
Investment Sale
Chichester : 34-35 South Street

  • Let to Tesco Express and Orvis Company
  • Passing Rent: £133,375 per annum
  • Net Initial Yield: 5.12%
  • Price: £2,450,000
Fawcett Mead are pleased to have acted jointly alongside Flude Commercial on the sale of this multi-let retail investment on South Street, Chichester. The property is let to Tesco Express and Orvis Company and produces an total combined income of £133,374 per annum. A sale price of £2,450,000 reflects a net initial yield of 5.12%. [read more]

September 2017
Investment Sale
Witham : 42-44 Newland Street

  • Passing Rent: £45,000
  • Net Initial Yield: 6.00%
  • Price: £800,000

September 2017
Investment Sale
Nuneaton : 5/6 Market Place

  • Let to Poundland Ltd until 2022
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 7.98%
  • Price: £2,240,000
Fawcett Mead are delighted to have acted on the sale of this prime retail investment on Nuneaton Market Place. Nuneaton is an historical market town and the largest municipality within Warwickshire. The property is let to Poundland Ltd on a new 10 year FRI lease until August 2022. A purchase price of £2,240,000 reflects a net initial yield of 7.98%. [read more]

August 2017
Fawcett Mead : Richard Bashford makes his international sporting debut

Fawcett Mead’s Richard Bashford has recently competed in the Great Britain Triathlon Age Group Team at the European Championships in Denmark. The race was held in Herning, and consisted of a 1.25 mile swim, 56 mile bike leg and a 13.1m, half-marathon run. Richard commented, “Since being a young boy, I had always dreamed of representing my country on the sports field. Despite missing out on the British and Irish Lions tour to New Zealand, the European Triathlon Championships was a brilliant event and one that I will never forget.” [read more]

July 2017
Letting
Ashford : County Square

  • JD sings for Country Square, Ashford
Fawcett Mead, acting for Kennedy Wilson, have recently agreed a new lease on the former Mothercare in County Square Shopping Centre, Ashford taking approximately 6,000 sq ft. This follows a number of new lettings including Nationwide, Select and Flutterbyes with a number of lettings due to follow. [read more]

July 2017
Lease Advisory
London : 152 Waterloo Road

Fawcett Mead are pleased to have acted on behalf of Oseyo on the acquisition of 152 Waterloo Road. Oseyo are an expanding Korean deli operating throughout central London and major university cities. [read more]

June 2017
Letting
Fleet : The Hart Shopping Centre

  • 10,000-sq ft letting boost for Hart Shopping Centre in Fleet, Hampshire
Hart shopping centre in Fleet has agreed a 10-year lease with fashion retailer M&Co. to secure the 10,000 sq ft letting which will see M&Co open a new department store at the Hampshire mall. The letting will further boost the tenant line up at Fleet’s flagship shopping centre which opened in 1991. The Hart shopping centre, asset managed by Reith Lambert, is anchored by a 30,000 sq ft Waitrose supermarket. M&Co will join an array of other national multiples including WH Smith, Argos, Boots, The Works and Clarks. Fawcett Mead acted on behalf of the private landlord and the firm’s Vincent Morris said: “This deal underlines the appeal of the Hart shopping centre and reinforces its position as Fleet’s premier retail destination. M&Co is a fantastic addition to the offer. The new department store will help pull in more shoppers, boost footfall and generate even more retailer demand for the centre’s remaining units.” [read more]

June 2017
Investment Sale
Bury St Edmunds : 25-25 Buttermarket

  • Let to Holland & Barrett and Shoe Zone with a WAULT of 5.71 years
  • Passing Rent: £165,000
  • Net Initial Yield: 7.05
  • Price: £2,200,000
Fawcett Mead are delighted to have acted on the sale of this well-let retail investment in the affluent town of Bury St Edmunds, on behalf of our clients Gatsby Capital. The property is let to Holland & Barrett Ltd and Shoe Zone Ltd, providing an WAULT of 5.71 years and producing a total current rent of £165,000 per annum. A sale price of £2,200,000 reflects a net initial yield of 7.05%. [read more]

June 2017
Investment Sale
London : 90/120 Judd Street

  • Prominent Multi-Let Retail Investment
  • Passing Rent: £133,108 per annum
  • Net Initial Yield: 4.17%
  • Price: £3,000,000
Fawcett Mead are pleased to have acted on the sale of this prime retail block located in Kings Cross. The area is benefiting from one of the largest redevelopments in the capitals history with Judd Street providing pedestrian connectivity between King Cross railway station and offices in the West End. A sale price of £3,000,000 reflects a net initial yield of 4.17%. [read more]

June 2017
Investment Sale
The Cannon Portfolio

  • High street investment portfolio
  • Passing Rent: £989,745 per annum
  • Net Initial Yield: 8.00%
  • Price: £11,400,000
Fawcett Mead are delighted to have acted on behalf of our client Threadneedle Pensions Ltd, on the sale of this high street portfolio. The portfolio comprises nine properties situated in core trading positions across England. A purchase price of £11,400,000 reflects a net initial yield of approximately 8.00%. Fawcett Mead acted alongside Cooper Rose Real Estate on the sale. [read more]

June 2017
Investment Sale
Sutton : 178-180 High Street

  • Let to Poundland Ltd until 2022
  • Passing Rent: £130,000 per annum
  • Net Initial Yield: 5.50%
  • Price: £2,200,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment on Sutton High Street. Sutton is an affluent London suburb and is ranked in the UKs Top 100 Retail Centres. The property is let to Poundland Ltd until June 2022. A purchase price of £2,200,000 reflects a net initial yield of 5.50%. [read more]

June 2017
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June 2017
Investment Acquisition
Bromley : 143 High Street

  • Prime retail property with residential development opportunity
  • Passing Rent: £300,491 per annum
  • Net Initial Yield: 5.22%
  • Price: £5,400,000
Fawcett Mead are pleased to have acted on behalf of Magern Ltd. on the acquisition of 143 High Street, Bromley. The property is located on a 100% prime retail pitch with all of the income secured to National Westminster Bank. The property also boasts planning permission for 8 flats with potential for a further 4 flats. A purchase price of £5,400,000 reflects a net initial yield of 5.22% [read more]