Freehold Retail Investment Acquisition: Keynsham, Bristol

Sheltone Properties Ltd. have purchased a freehold retail investment at 12 Temple Street, Keynsham at a price of £417,500, reflecting a net initial yield of 6.06%.

 

The property is let to Specsavers Optical Superstores Ltd. by a 15 year FRI Lease from 17 February 2000 at a passing rent of £26,500 p.a.  The Vendor was a private Client of Carter Baynes and Sheltone Properties Ltd. were represented by Fifield Glyn.