Alterity Investments, advised by Green & Partners, has purchased the freehold investment of 6 Lands Lane/27 Albion Place, Leeds from Hanro for £3.671 million, reflecting a net initial yield of 4.73%.
The 5,611 sq ft prime retail property is let to Pret A Manger on a 10-year lease from March 2012 at a current rent of £185,000 a year.
The building comprises basement, ground and three upper floors and is Grade ll listed. It is situated in the heart of Leeds city centre approximately 50 yards from the entrance to Trinity shopping centre.
Knight Frank and Gavin Black & Partners advised Hanro.