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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

Prime Freehold Retail Investment Purchased in Torquay for £2,950,000

On behalf of private clients and in conjunction with London & Lothian, Red Kite has successfully agreed the purchase of the BHS unit in Union Street, Torquay, for £2,950,000 with a four-year lease remaining and a rent passing of £395,000 per annum. This represents a purchase yield of 12.5% NIY.

 

Asset management of the property will start through negotiation with BHS.

 

HP4 acted on behalf of the vendor, Tristan Capital, and Allsop LLP acted on behalf of Red Kite in the purchase.