Ryden Acquires in Hull
12 February 2010
Acting on behalf of private clients, Ryden has acquired Princes Court in Princes Avenue, Hull for £1.7 million. The purchase price reflects a net initial yield of 7.74%.
The property has a net internal area of 10,103 sq ft and is located approximately 1½ miles north west of the city centre between the Hull Royal Infirmary and University. It is let to a doctor’s surgery, Co-op Supermarket and a variety of other retailers, and produces a rental of £139,140 per annum.
Matthew Edwards, Regional Managing Partner of Ryden Leeds Office, commented: “This acquisition reflects the continuing demand for good quality property investments from private investors, which we expect to continue throughout 2010”.
Lisney of Belfast acted for the vendor.
