Transaction:
A single let retail acquisition
Price: £1,450,000
Net Initial Yield: 6.1%
Success Story
TBD advised a private client on the acquisition of this single let retail shop in Harpenden, let to WH Smith Retail Holdings Ltd.
The passing rent is £94,000 per annum which equates to £90psf Zone A, which increased from £80,200pa at the July 2012 rent review, showing the strength of Harpenden as a retailing town.
The property was acquired by a private client of TDB in 2014 for a price of £1.45m reflecting an initial yield of 6.1%.
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