A private investor client of Kitchen La Frenais Morgan has purchased a multi-let retail investment at 6/34a Oxford Road, Reading, Berkshire for £4.445m representing a yield of 8.78%.
The seven unit retail parade is let to Tesco, Coral, Sue Ryder and British Heart Foundation, Super Dry and Ponden Home. It generates an annual rent of £413,200 with an average weighted unexpired lease term of 7.85 years until expiry.
MMX represented the vendor.
