CBRE Global Investors completes three acquisitions in Harrogate for GBP13.5m
CBRE Global Investors has completed three acquisitions in Harrogate on behalf of a client for GBP13.5m.
The properties all hold prime locations in Harrogate which is a popular and affluent market town.
The first acquisition is of two prime shops on 32-34 Cambridge Street, in Harrogate’s main shopping district which is expected to present strong rental growth. The units have been let to O2 until 2015 and Pandora until 2020 and were purchased for GBP2.5m.
The second acquisition is of a prominent freehold site which is Grade II listed and in a prime location close to the train station and offers rear parking. It is currently let to Odeon Cinemas until July 2038. The site was purchased for GBP7.75m.
The third acquisition is of a 2.5 acre site in a residential area of Harrogate that currently comprises a food store and car park. The site is let to the Co-operative Group until 2025 and was purchased for GBP3.7m.
Michael Ness, UK country manager at CBRE Global Investors, says: “We are delighted to have made what we consider to be three excellent purchases on behalf of our client. Harrogate presents exciting future growth opportunities.”
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