February 13, 2012
Rockspring Property Investment Managers, on behalf of Retail Plus and advised by Kitchen La Frenais Morgan, has sold the freehold interest of 304-306 London Road, Waterlooville for £1.42 million, reflecting a net initial yield of 7%.
The property is let to Poundland for a term of 10 years at a rent of £105,000 pa.
Kitchen La Frenais Morgan acted on behalf of the vendors and Cluttons on behalf of the purchasers.
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