August 2018
Investment Sale
Barnstaple : 75 High Street

  • Prime retail investment let to Costa Ltd on a new 10 year lease
  • Passing Rent: £73,069 per annum
  • Net Initial Yield: 5.75%
  • Price: £1,200,000
Fawcett Mead have recently acted on the sale of this prime retail investment in Barnstaple, the seller and buyer were both private investors and Ocklestone Bailey acted for the buyer. The property is let to the excellent covenant of Costa Ltd on a new 10-year lease (TBO 6 years). Richard Bashford commented: "Barnstaple is a strong retail centre with a loyal catchment. This shop is in the prime retail pitch and the lease to Costa Coffee had recently been renewed making it a very attractive investment". [read more]

July 2018
Investment Sale
Crewe : 25-29 Victoria Street & Unit 3 Victoria Shopping Centre

  • High-yielding retail investment in prime pitch, tenants include Holland & Barrett and Ryman
  • Passing Rent: £70,250 per annum
  • Net Initial Yield: 10.00%
  • Price: £667,000
Fawcett Mead are pleased to have acted on the sale of this high yielding retail investment in Crewe. The property comprises three shops, well-let to three extremely strong covenants including Holland & Barrett and Ryman. The sale price of £667,000 reflected a net initial yield of 10.00%. [read more]

July 2018
Investment Acquistion
Guildford : 115 High Street

  • Prime shop let to LK Bennett on a lease expiring in January 2026
  • Passing Rent: £285,000 per annum
  • Net Initial Yield: 4.50%
  • Price: £6,000,000
Fawcett Mead are pleased to have acted on the acquisition of this prime shop in Guildford on behalf of Columbia Threadneedle. The purchase price of £6,000,000 reflects a net initial yield of 4.50%. Richard Bashford commented: "This is one of the best shops in Guildford, one of the strongest retail centres in the UK and we were pleased to have secured the investment for our client in an off-market transaction". The vendor, Lothbury Investment Management, was represented by KLM Retail. [read more]

July 2018
Investment Sale
Cheltenham : 91-97 High Street

  • Two well-configured retail units let to Argos Ltd and Superdrug Plc
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 6.30%
  • Price: £2,850,000
Fawcett Mead are pleased to have acted for CBRE Global Investors on the sale of this prime retail investment in Cheltenham, which was bought by a private investor client of GCW. The property comprises of two well-configured retail units, let to Argos Ltd on a lease expiring in August 2022, with a co-terminus sub-lease to Superdrug stores Plc. The sale price of £2,850,000 reflected a net initial yield of 6.30%. Richard Bashford commented: "This pitch is set to improve substantially when John Lewis open their new department store nearby later this year. In addition, Cheltenham Borough Council is planning to undertake improvements to the pedestrianised area on this section of High Street." [read more]

July 2018
Investment Acquistion
Chichester : 19/20 East Street

  • Let to Joules Ltd
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 4.00%
  • Price: £4,450,000
Fawcett Mead has acquired this prime retail investment in Bath on behalf of a private investor client. The property has recently been let to Joules Ltd on a new 10-year lease. The purchase price of £4.45 million reflects a net initial yield of circa 4%. Smith Price acted for the vendor. [read more]

July 2018
Investment Sale
Zurich Portfolio : 22 Retail Properties

Fawcett Mead are delighted to have advised Columbia Threadneedle on the disposal of 22 retail properties throughout the UK with towns including Sheffield, Yeovil, Bognor Regis and Lichfield. The properties were let to a range of retailers on varying lease lengths. For more information please call Tom Heptonstall or Jonathan Mills. [read more]

July 2018
Investment Sale
Bury St Edmunds : 35 Cornhill

  • Let to Nero Holdings Ltd until June 2027, without break
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 4.59%
  • Price: £1,640,000
Fawcett Mead have acted on behalf of Legal & General on the sale of this prime retail unit in Bury St Edmunds. The property had recently been let by Fawcett Mead to Caffe Nero on a new 10-year lease without break. Tom Heptonstall commented: "We were pleased to be able to create a competitive bidding situation which enabled us to maximise the pricing for our client for this attractive investment". [read more]

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
Investment Acquistion
Winchmore Hil : Green Dragon

  • Let to Waitrose Ltd on a new 15 year lease
  • Passing Rent: £243,000 per annum
  • Net Initial Yield: 4.36%
  • Price: £6,105,000
Fawcett Mead are pleased to have advised an institutional client on the acquisition of the above Little Waitrose, which is subject to five yearly RPI uplifts collar and capped at 2%-4% and benefits from 26 car parking spaces. The upper parts consist of two residential flat, which were bought on a per square foot rate. Tom Heptonstall commented “We are delighted to secure this off market investment, which is let to the highly desirable covenant of Waitrose, with RPI linked uplifts and car parking in North London”. [read more]

April 2018
Investment Acquistion
Glasgow : 130-140 Buchanan Street & 30-40 St Vincent Place

  • 100% prime retail block and adjoining office building
  • Price: £27,000,000
On behalf of Redevco, Fawcett Mead are pleased to have acted on the off-market, simultaneous acquisition of this prime retail and adjoining office block investment in Glasgow. The retail units are let to the strong national covenants of Starbucks and Edinburgh Woollen Mill whilst the adjoining office building comprising 50,000 sq ft is let in its entirety to the 5A1 covenant of Clydesdale Bank Plc with RPI linked rental uplifts until 2024. The combined acquisition price of £27,000,000 reflects a blended net initial yield circa 4.75%. Jonathan Mills commented: "We are pleased to have simultaneously secured these two properties for our clients Redevco, which adds to their substantial ownership in central Glasgow." [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
Welwyn Garden City : 35-47 Howardsgate

  • Prominent, fully-let parade of 7 units
  • Passing Rent: £293,515 per annum
  • Net Initial Yield: 7.34%
  • Price: £3,750,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Welwyn Garden City. The property comprises a fully-let retail parade comprising seven well configured units. Tenants include Halfords, CEX, Martin McColl and Scrivens. A sale price of £3,750,000 reflects a net initial yield of 7.00%. [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 Acquistion
Streatham : 350-372 High Street

  • Let to Aldi Stores Ltd, Marks and Spencer Plc and The Gym Ltd
  • Passing Rent: £994,352 per annum
  • Net Initial Yield: 4.00%
  • Price: £23,300,000
Fawcett Mead recently advised LaSalle Investment Management in the off-market acquisition of the above property. The property was multi-let to Aldi Stores Ltd on a 20-year lease, without break, with 5 yearly RPI linked rent reviews with a collar and cap at 1.75%-3.75%, Marks and Spencer Plc on a 20-year lease, without break, subject to 5 yearly RPI linked rent reviews with a collar and cap at 1%-4% and The Gym Ltd on a 20-year lease without break, subject to 5 yearly RPI linked rent reviews with a collar and cap at 2%-4%. The property also benefits from c.80 car parking spaces, which are shared between the tenants. Tom Heptonstall commented, “We are delighted to have secured this highly desirable institutional asset direct from the developer in a competitive market for long secure income with RPI uplifts.” [read more]

March 2018
Investment Sale
Walsall : Victorian Arcade, Bradford Street

  • Attractive Victorian arcade located on the pedestriansed pitch
  • Passing Rent: £400,398 per annum
  • Net Initial Yield: 9.10%
  • Price: £4,125,000
Fawcett Mead are pleased to have acted on the sale of this high-yielding retail arcade in Walsall. A sale price of £4,125,000 reflects a net initial yield of 9.10%. Tom Heptonstall commented: "We are pleased to have acted on the sale of this challenging high-yielding retail arcade in Walsall. The property comprises an attractive Victorian Arcade with asset management angles for the purchaser to pursue". [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
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.

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.

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
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
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]

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
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]