Axa Makes Sales on Slough High Street

July 13, 2011

Axa, advised by Kitchen La Frenais Morgan, has sold the freehold interest of 190 and 192 Slough High Streetto Threadneedle Property Investments for a price of £4.25 million, which reflects a net initial yield of 6.3%.

Retailers Poundland and JD Sports are on new ten year leases from September 2010 and  pay a combined total rent of £283,000 pa for the stores which are 8100 and 12,000sq ft. 

Kitchen La Frenais Morgan and Green & Partners acted on behalf of the vendors and  JLL advised the purchaser.

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