London Clancy, acting on behalf of Greenway Property Investments Ltd has sold the investment comprising basement and ground floors of 60 High Street Alton Hampshire and which are fully let to Nero Holdings Ltd. Trading as Caffé Nero.
The lease has 5 years left unexpired and the price obtained was £715,000 Subject to Contract which showed a yield after allowing for costs of some 6.63%.
Jim London of London Clancy commented: “This sale emphasises the continuing strong interest being shown for quality investment properties in the Regions.”
Peter Hale of Hale and Partners and Jon Elliott of JP Elliott Chartered Surveyors acted for the Purchasers, Banbury Properties Ltd.
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