RETAIL DUO IN EPPING SELLS FOR £2M

A pair of adjoining retail units in Epping, Essex, has sold for a total of £2m, reflecting a net initial yield of 5.18%.

The prime freehold retail investment at 271 High Street is secured on a new 15-year lease to Card Factory. Almost half of the 5,000 sq ft unit is underlet to Caffè Nero.

HRH Retail jointly acted for the private vendor, a D&A Syndicate, in the sale.