RETAIL INVESTMENT, MARKET HOUSE, HIGH STREET, AYLESBURY

Investment News

Acting on behalf of private investors, Fisher Hargreaves Proctor have acquired a retail investment located within Aylesbury.

Aylesbury is the administrative centre town of Buckinghamshire located approximately 40 miles north west of London.  The subject premises occupy a prime position within Aylesbury and are let to Dolland & Aitchison, Greggs and Lunn Poly.  Aylesbury has a resident population of approximately 70,000 persons with a catchment in excess of 340,000.  The town has two shopping centres, The Friars Square and The Hale Leys Centre.  Major retailers located within Aylesbury include Marks & Spencer, Boots the Chemist, W H Smith and New Look.

Ben Tebbutt, Partner at Fisher Hargreaves Proctor commented:-

“The property produces an income of £190,551 per annum from the 3 tenants.  The investment was purchased at a price of £1.9m which reflects a yield after costs of 9.5%.”

Mr Tebbutt added “This typifies the value that can be found in the property market at present.  The property occupies a prime position within the town and is let to 3 quality retailers.  Investors who are faced with low bank interest rates are now looking at commercial property with renewed confidence, particularly ones that generate this sort of return.”

FHP are acting for a number of cash investors who are hungry for this type of product.

Richard Aitken of Reid Rose Gregory acted on behalf of the vendor.