Helix Property Advisors, on behalf of a Pension fund client, has sold the freehold interest in 4-10 Market Hill in Buckingham, Buckinghamshire to a private investor for £1.2 million, reflecting a net initial yield of 7.25%.
The prime investment comprises four ground floor retail units, totalling 5,079 sq ft (472 sq m), multi-let to Tesco, Subway and HSBC, at an annual rent of £92,000, with 7.83 years AWULT. The first floor houses three residential flats and the site has nine car parking spaces.
Fineman Ross advised Helix Property Advisors and the purchaser was represented by KLM Property.
