105A Northbrook Street in Newbury

LOCKDOWN DEAL DONE!

Fletcher King are pleased to have acted on behalf of our client ITB, on the disposal of 105A Northbrook Street, Newbury, RG14 1AB; a freehold high street retail investment.

105A Northbrook Street is located on the prime trading pitch within the town and let to Holland & Barrett, who have been in occupation for over 30 years. The property had a passing rent of £65,000 per annum and provided an unexpired lease term of circa 2.5 years.

It was sold to a local investor for £750,000, reflecting a net initial yield of just under 8.25%.

Despite the immense challenges that Covid19 has brought, Fletcher King are happy to have achieved a positive result for our client during such testing times.

For further information, please contact Will PreecePaul Morris FRICS or Richard Goode of Fletcher King.