Catella Property Consultants - £3.85m Portolio

Date: 07 Jan 2002

Acting on behalf of Cornhill Investment Properties, Catella has sold a retail investment in Northwich, Cheshire, to Holins Murray Group for £3.85 million equating to a net initial yield of 9%.

The 9 retail units representing 1-6 Leicester Street and 34,39 and 47 Witton Street in Northwich's prime retail area, opposite Marks & Spencer and Woolworths, include tenants such as Boots, New Look, and H Samuel. The units total approximately 2,322.50 sq m (25,000 sq ft) and the annual rental income is £371,000.

Catella advised Cornhill; Knight Frank represented the purchasers.

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