Latest News

Retail Investment Acquired in Bath

28 April, 2009

The freehold interest of 15 Union street, Bath has been acquired for £2.3 million by a private investor.

The property is prominently located within the pedestrianised section of Bath's prime retail pitch and nearby retailers include Thorntons, Next and River Island.  The entire unit is let to Signet Group Plc (t/a H. Samuel) until January 2037 at a rent of £146,250 per annum.  There is a mutual break on 27 January 2012.

H. Samuel occupy the basement, ground and first floors.  In addition, there are two separately accessed flats on the second and third floors.

The transaction reflects a net initial yield of 6%.

The investment was acquired by a private investor from Aviva Investors, on behalf of Aviva Staff Pension Trustee Limited.  Hartnell Taylor Cook LLP and Carter Jonas advised the purchasers.