WATERSTONES DEAL A BESTSELLER

A prime freehold store let to Waterstones in Solihull, West Midlands, has been sold by a family trust to Wesleyan Assurance Society for £2.05m, reflecting a net initial yield of 7.8%.

The two-storey unit is situated on the High Street, midway between the entrances to Touchwood Shopping Centre and Mell Square.

Waterstones has a 10-year lease on the 6,000 sq ft property, with some 5.25 years unexpired.

                                      HRH Retail jointly represented the vendor.