Bristol-based Charterfield Asset Management has sold the long leasehold interest in the Tesco supermarket in Street, Somerset, to a private investor for £3.7m.
The property is let to Tesco Stores until 2013 and comprises a 25,000 sq ft store with 82 car-parking spaces.
The sale price represents a net initial yield of 6.23%.
Jones Lang LaSalle acted on behalf of Charterfield Asset Management. Ayles Heath Buchanan Neve acted on behalf of the buyer.
References: EGi News 08/12/04
