Disposal of a prime London freehold retail / office investment
Located diagonally opposite High Street Kensington underground station, providing 21,402 sq ft in two retail units plus first floor, grade A offices. 74% of the income secured to Metro Bank Plc and Argos Ltd. Total income of £1,254,000 per annum. Residential upper floors sold off.
£28m, reflecting a net initial yield of 4.2%