Hartnell Taylor Cook LLP, acting on behalf of Custodian REIT Plc, has acquired the freehold interest of 15 St Peters Gate, Nottingham from Friends First Life Assurance Company Ltd for £1,710,000.
The property is situated in close proximity to Bridlesmith Gate, where occupiers include Joules, White Stuff, Hugo Boss and Ted Baker. The property is let in its entirety to The White Company (UK) Ltd on a 10 year lease from 2010, expiring 30 June 2020, at a passing rent of £140,000 per annum.
The sale price reflects a net initial yield of 7.74%.
Hartnell Taylor Cook LLP advised the purchasers, the vendor was represented by FHP Property Consultants.
