PREMIUM PRICE FOR SAINSBURY’S STORE
A well-appointed Sainsbury’s store in the affluent Buckinghamshire village of Farnham Common has sold for £2.2m, significantly more than its asking price and reflecting a net initial yield of 5.35%.
The 3,836 sq ft store is located at Premium House on The Broadway, immediately behind the centre’s main car park. It is let on a 15-year lease with around five years unexpired.
The property also includes first floor, self-contained offices, totalling 2,332 sq ft, which are fully let to a single occupier for a further four years.
HRH Retail advised the vendor, Comland.