Lothbury Investment Management has completed the sale to clients of Threadneedle of 115 High St Guildford at a price of £6m. The property occupies a 100% position and is let to LK Bennett for a term of 10 years from January 2016 at a rent of £285,000 pa.
The property provides ground floor sales of 1860 sqft , with ancillary staff and storage facilities over 3 further floors. KLM Retail acted for Lothbury and Fawcett Mead on behalf of the buyers.
Rupert Guy, Partner with KLM Retail said, "This is another retail investment transaction that confirms investor confidence in the sector. Prime shops have also recently been sold in Market Street St Kingston Upon Thames and East Street Chichester at yields of 4% or better."
Please contact Rupert Guy email@example.com for further information.