Hill Samuel Asset Management - Retail - Reading, 107/108 Broad Street

Date: 05 May 1998

Hill Samuel Property Unit Trust, which is managed by Hill Samuel Asset Management, has acquired the retail investment at 107/108 Broad Street, Reading, from Sears Property Developments Ltd for £5.56million. The purchase represents an initial yield of 5.25 per cent.

The five storey property, which has retail on ground and first floors and ancillary space in the remainder, is let to Gap (GPS Great Britain Ltd) at a rent of £300,000 per annum. The lease runs for 15 years from December 1996.

Camplin Wilson and Hill Samuel Asset Management acted for Hill Samuel Property Unit Trust.

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