Peachey Property Corporation, part of the Wereldhave Group, have sold 19 properties for over £12m to Beazer Estates.
Comprising 12 shops, three offices and four industrial investments — all freehold apart from two — the portfolio is spread over the UK in Newcastle upon Tyne, Chester, Cardiff, Nottingham, St Albans, Croydon and Whitstable.
The current income is £825,000 pa and the price reflects a yield of 6.25%. Beazer intend to retain the properties in their portfolio for investment and trading purposes.
Healey & Baker advised the vendors.
