Gloucester retail investment sale

Tirley Securities, advised by Fawcett Mead, has sold the freehold investment of two retail units at 2-6 Eastgate Street, Gloucester to Kames Capital for £4.04 million.

The 15,142 sq ft property is let to Poundworld Retail Limited and Hutchison 3G UK Limited and generates a total rent of £331,500 pa. The sale reflects a net initial yield of 7.5%,

Lewis & Partners represented Kames Capital.