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.
