RETAIL INVESTMENT DISPOSAL - CORAL BOOKMAKERS, 5 WARWICK ROAD, CARLISLE

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".

July 2017