A joint venture between Realdon Property and Structadene Group has purchased 212 New Kings Road, London, SW6, for £6m, a net initial yield of 3.9%.
Mentmore Fulham sold the half acre property which contains a single-storey retail/showroom unit, and three-storey warehouse, totalling 28,800 sq ft, as well as parking space for up to ten cars.
The property is let to Mambo International on a 5 year lease, due to end in July 2007, for £232,000 pa.
David Baroukh Associates and DTZ Debenham Tie Leung acted on behalf of the purchaser.
Houston Lawrence acted on behalf of the vendor.
References: EGi News 11/07/06
