SYNDICATE BUYS BRAINTREE STORE FOR £600,000
A prime freehold retail property, let to Holland & Barrett, in Braintree, Essex, has been bought by a syndicate of private investors for £600,000, reflecting a net initial yield of 7.14%.
The Grade II listed property is located at 40 Bank Street, the town’s prime retailing pitch, close to the entrance to the George Yard Shopping Centre. Totalling 1,500 sq ft, it is let to Holland & Barrett on a 15-year lease with just over five years left unexpired.
HRH Retail jointly advised the purchaser.