Royal London Asset Management has bought 115 Sauciehall Street in Glasgow from Legal & General Assurance Society for £1.03m. The sale price reflects a net initial yield of 6.6%.
The shop provides 233 sq m (2,505 sq ft) and is let to Warehouse until March 2016 at £70,000 pa (£86.50 per sq ft Zone A). The unit is sub-let to Remainders, trading as The Works.
Drivers Jonas acted for Royal London and Healey & Baker advised Legal &General.
EGi News 10/03/97
