SOLD - BANK INVESTMENT

SOLD - BANK INVESTMENT

Acting on behalf of Irish-based investor clients Tim Harries & Partners have successfully disposed of the freehold interest in 92 – 94 High Street, Burton Latimer, Northamptonshire.

The ground and part first floor of the property is let to Barclays until 2027 (with tenant break option in 2022) with the upper floor residential sold on a long-leasehold basis.

The property attracted a number of bids and the sale price reflected a net initial yield of sub-7% assuming purchaser’s costs of 3.8%.