Investor buys “Cash” in Bristol

Turner Locker Barnfield, acting on behalf of private clients, have acquired 745 Fishponds Road, Bristol.

The ground floor property is let to the Money Shop (Instant Cash Loans Ltd) for a term of 15 years from October 2009 at a rent of £19,500 p.a. A price of £242,000 was paid reflecting a net initial yield of 7.84%. JD Retail Property acted for the Vendor.