AcquisitionUK Regional
Toll Gavel, Beverley
Acquisition of High Street Retail, Beverley
The freehold interest in 41 Toll Gavel, Beverley has been acquired by JRRT (Properties) Limited from a client of Colliers Capital.
The property is located within the prime retail section of the affluent and attractive market town of Beverley. It comprises a two storey building offering well configured retail accommodation on ground with ancillary space on first floor, extending to approximately 4,543 sq ft (422.0 sq m).
The entire property is let to WH Smith Retail Holdings Limited on a 5 year lease expiring on 22 December 2019 at a current passing rent of £110,000 per annum. The purchase price of £1,730,000 reflects a net initial yield of 6.00%.
