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November 2017

Old Red Lion Court, Bridge Street, Stratford upon Avon, CV37 6AB

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The property is situated in a highly prominent location in Stratford-upon-Avon’s prime retail pitch of Bridge Street.  The scheme comprises 11 units let to 9 tenants with 2 units under offer.  WAULT 6.69 years term certain.  Total rental income £299,500 per annum.  Highly reversionary with an ERV of £339,200per annum.  Offers sought in excess of £3,400,000 which reflects an attractive net initial yield of 8.25% and a reversionary yield of 9.38%, assuming purchaser’s costs of 6.49%.

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