Social Network

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

Red Kite Buys Retail Investment in Wolverhampton for £1.39m for an 8.5% p.a. NIY

On behalf of a private pension fund, Red Kite has bought 15 Dudley Street, Wolverhampton.

This property is now let to EE LTD for a term of 15 years starting from 21st May 2007 at a current rent of £125,000p.a. on a full repairing and insuring lease.

Red Kite will asset manage the lease renewal at expiry.

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