Catella Property Consultants - Retail Sale - West Sussex, Bognor Regis, 23 London Road

Date: 05 Jul 2001

Cornhill Insurance Limited, advised by Catella has sold the prime, double-retail unit at 23 London Road, Bognor Regis, West Sussex to a private investor for £990,000 representing a net initial yield of 8.6%.

The two-storey building is located in the main High Street of Bognor Regis and totals 416.19 sq m (4,480q ft) of sales area. It is let to Peacock Stores Limited on a 25-year lease from 1986 at an annual rent of £90,000.

The purchaser was not represented.

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