Co-Op, Laureate Court

Acting on behalf of Yarnolds, MK2 have advised on the sale of a 3,035 sq ft convenience store together with four 2 bedroom residential apartments at Trinity Mead Stratford Upon Avon.  The convenience store is let to Co-Operative Group Food Limited on a 15 years lease with indexation at an initial rent of £50,000 pa.  The residential apartments are let on 6 months AST;s with an annual income of £33,120.

The property was sold to AC Lloyd for £1,325,000 reflecting a net initial yield o 5.92%