LaSalle Investment Management has sold The Range store in Aldershot to a private client of Property Vision Commercial. The property extends to 25,902 sq ft and is let to CDS (Superstores International) Limited on a 15 year lease from August 2011 that benefits from 5 yearly fixed rent reviews at 2.5% per annum compounded.
The price paid was £4,350,000, representing a net initial yield of 7.00%.
LaSalle Investment Management were advised by Wilkinson Williams.
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