Acting on instructions from Internos Global Investors, Cheetham & Mortimer have negotiated the disposal of a Coral bookmakers retail investment in Carlisle to a private investor.
The property comprises a two storey mid-terrace shop unit let in its entirety to Coral Estates Limited with first floor self-contained offices. The property provides an income of £25,393.86 per annum with an unexpired term in excess of seven years. The property was sold for a figure of £340,000, reflecting a net initial yield of 7.1%.
Josh Moores, Surveyor at Cheetham & Mortimer commented "this is the second investment sale we have successfully achieved for Internos this year. Despite Brexit uncertainty, private investors remain reliable purchasers for secure income".