Acting on behalf of private clients, Legat Owen have secured the sale of 111 Trent Boulevard which is let to the Co-Op by way of a 15 year lease at a rent of £69,000 per annum.
The property sold significantly ahead of the guide price of £1.25m.
Acting on behalf of the vendor, James Lutton of Legat Owen commented:-
Yet again, we have seen that quality location, coupled with a long term income stream, has produced a yield sub 5%. The level of interest in the sale has highlighted the lack of quality long term investments in the market and how cash buyers are continuing to drive down yields.
