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London & Associated buys in Chesterfield



London & Associated Properties, the retail property investor, has bought a 54,000 sq ft shop let principally to Primark in Market Place, Chesterfield, Derbyshire for £8.7m in cash.




The income from the property is £522,000 reflecting a net initial yield of 5.7%.




The property was purchased from Axa Sun Life.




Lewis & Partners advised LAP, while Kitchen La Frenais Morgan acted for the vendor.


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