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Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

Red Kite Buys Retail Investment in Plymouth for £1.175m for 13.75% p.a. NIY

On behalf of a private investor, Red Kite has bought 10 New George Street, Plymouth.

This property is currently let to Evans Retail Properties LTD for a period of 10 years commencing 20th January 2009 for a net rent of £171,000p.a. on a full repairing and insuring lease.

Red Kite will asset manage the lease renewal at expiry.

Allsop acted on behalf of the vendor and London & Lothian Group acted on behalf of Red Kite.