Acting on behalf of Kindale, Franck-Steier Price have acquired a multi let retail investment in the centre of Derby.
The property is located in the town centre close to East Street.
The property is multi let with 28% of income secured to Primark until 2034. The five retail units were let to charity shops and local traders. Expiries ranged from 2018 to 2022. The combined rent was £121,000 per annum.
The investment was purchased for £1,045,000, reflecting an initial yield of 10.94%. JLL acted for the vendor.