Secure Income REIT has sold the freehold of New Hall Hospital in Salisbury, Wiltshire, to clients of LaSalle Investment Management for £49.8m.
The price represents a yield of 5.3%. The hospital has 22 years left on the lease to operator Ramsay Health Care.
The rental income of £2.8m has uplifts of 2.75% or five-year open-market reviews.
CBRE acted for Secure Income REIT; Bilfinger GVA and Lewis & Partner advised LaSalle Investment Management.
