41-47 The Precinct & 5-15 Market Way, Coventry

July 2, 2012

LaSalle Investment Management have acquired the long leasehold interest of the above retail block situated in a prime location in Coventry City Centre.

The building is let to both BHS Limited for a further 20 years and to Carphone Warehouse for 5.5 years.

A figure of approximately £11.9 million was paid for the leasehold interest reflecting a net yield of 7.6%.

LaSalle Investment Management are represented by Kitchen La Frenais Morgan and the vendors Canadian & Portland who are represented by John Miles & Company.

 

-Ends-

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