Freehold Acquisition on behalf of a private client in the attractive market town of Hungerford, Berkshire.
2 storey retail premises, situated on the prime retailing pitch of the High Street in close proximity to the train station.
The property is let to Tesco Stores Ltd who in turn have sub-let to Coffee #1 Ltd (70% owned by Caffe Nero). The property is let to the head-lessee for a further 6.75 years at a passing rent of £53,000 p.a.
The price agreed was £900,000 reflecting a net initial yield of 5.57%