This is a prime high street retail investment providing 8,200 sq ft of retail and ancillary accommodation on the highly prominent corner of Princes Street and Frederick Street, occupied by All Saints and Monsoon at a combined rent of circa £450,000 pa, which reflects circa £200 Zone A on both lettings, and let for a further 7 and 3 years respectively.
Purchased from PRUPIM for £7.075m, reflecting a NIY of 6.0%.