In the first deal done the day of the Brexit outcome, TH Real Estate sold the B&M Home Store in Fareham to a private investor. The property has 11 years unexpired and the tenant is paying a low rent reflecting £8.62 per sq ft. There is the benefit of a fixed uplift at the 2022 review. The property attracted high demand, with bids far exceeding the quoting price of 6.75% NIY. The property was sold for £4.925 million, reflecting 5.73% NIY.
Wilkinson Williams acted on behalf of TH Real Estates.
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