Phillips Sutton acquire a COOP convenience retail investment in Nottingham.
Acting on behalf of a private investor, Phillips Sutton have advised on the acquisition of the freehold interest in 4,500 sq ft purpose built convenience retail store let to the Midlands Cooperative Society on a 15 year lease with a break at the end of the 10th year, at a rent of £55,125 per annum.
The invesment was purchased on a forward commitment basis for a price of £785,000 which reflected a NIY of 6.63%
