2 – 5 The Friars, Lewes
Prime South East high yielding investment opportunity
On behalf of a local authority, Bruce Gillingham Pollard completed the acquisition 100% prime retail investment fronting the pedestrianised section of the High Street, known as ‘The Friars’.
The property was acquired facing stiff competition in an on market transaction but was well suited to our clients requirement.
The property was acquired for a price of £4,200,000 which reflected a net initial yield of 5.94%.
The property offers an attractive and highly prominent, modern terraced block of four units dating from the early 1990s providing 28.4 metres (gross) of frontage onto The Friars. Each unit is arranged over ground and first floor with Units 4 & 5 currently configured to provide sales accommodation over both floors. The property also benefits from servicing, via Railway Lane, which our clients already hold within their ownership.
Please contact Jack Barratt.