Scottish Equitable has sold a prime retail unit at 25-29 Clumber Street in Nottingham for £4.075m. The sale price reflects a net intial yield of 4.53% and an equivalent yield of 5%.
The Burton Group occupies the unit on a 30-year lease from January 1980 at £190,000 pa, which equates to £145 Zone A. The outlet provides 193 sq m (2,078 sq ft) sales area.
Hillier Parker represented the vendor while Cardales acted for the pension fund purchaser.
EGi News 03/12/96
