Tesco Pension Trustees has acquired the Mothercare store at 91/92 High Street, Kings Lynn, from Scottish Equitable for £1.8m. The deal reflects a yield of 7.1%.
The 651 sq m (7,008 sq ft) property is let to Mothercare for a further 14 years at a rent of £131,000 pa.
Hillier Parker advised Tesco while Healey & Baker represented Scottish Equitable.
EGi News 08/04/97
