Ryden rolls out £900k sale
17 May 2011
Acting on behalf of United Carpets, Ryden has sold the freehold of the United Carpets and Vets-4-Pets unit on Easterly Road in Leeds for £900,000. The price paid reflects a net initial yield of 8.3%.
The property extends to some 1,026 sq m over ground and lower ground floors and is let to United Carpets and Vets-4-Pets Ltdfor a further 14 years at a total rent of £79,000 per annum.
Matthew Edwards, regional managing partner at Ryden commented: “The sale reflects the continuing healthy demand we are seeing from private buyers for well-let property investments.”
The purchaser was a private investor represented by Mark Brearley & Company.
