BMO Real Estate Partners sells Scarborough investment

BMO Real Estate Partners, advised by Green & Partners, has sold a freehold retail investment in Scarborough to a private investor for £4.15 million.

The 35,944 sq ft property at 1 & 2 Chapman’s Yard is let to TK Maxx and DW Sports with an unexpired lease term of over 8 years. The current rent roll is £337,500 and the sale reflects a net initial yield of 7.68%.

JLL represented the purchaser.