£2.75m disposal of mixed use healthcare investment for M7 Real Estate

September 24, 2020

Acting on behalf of M7 Real Estate, Lunson Mitchenall have completed the transaction of a mixed use healthcare investment located in Nottingham city centre for £2.75m, reflecting a net initial yield of 8.23%.

The freehold property which extends to 26,138 sq ft with dual frontage to Long Row and Upper Parliament Street.

The property is majority let to Nottingham City GP Alliance on a 10 year straight lease with RPI linked rent reviews and also includes a ground floor barbers let to Goat and a long leasehold interest over the Tesco Express.

James Cogavin, Investment Director at Lunson Mitchenall commented “This sale of this asset provides a great result for our client who acquired the asset in 2016. The property’s income profile providing a WAULT in excess of 9.5 years and RPI linked rent reviews on the majority of the income proved attractive to investors.”

quote-open

This sale of this asset provides a great result for our client who acquired the asset in 2016
James Cogavin, Director, Lunson Mitchenall

quote-closed

The British spend twice as much on fast-service chicken compared with Germany or France, a fact ....
The British spend twice as much on fast-service chicken compared with Germany or France, a fact that has not gone unnoticed by @seoulbirduk , a fast-quality-food chain founded by @judyjoochef and Andrew Hales, who have worked together for over 10 ...
What an exciting new retail concept from British fashion designer @anyahindmarchLocated on Pont ....
What an exciting new retail concept from British fashion designer @anyahindmarch
Located on Pont Street, just off Sloane Street, which is the original home of the brand, the Anya Hindmarch village features a café, alongside stores to showcase her Labelled ...
As part of ambitious plans to reinvent Poole’s retail offering, @legalandgeneral are working w....
As part of ambitious plans to reinvent Poole’s retail offering, @legalandgeneral are working with local independent businesses at Kingland @thedolphinpoole to deliver a tailored retail solution that works for them.
The idea was to provide an affordable environment for ten ...
Competitive socialising is a trend that many different operators have tapped into in recent year....
Competitive socialising is a trend that many different operators have tapped into in recent years – from darts to crazy golf to axe-throwing. Essentially any occasion that brings people together to enjoy a competitive activity, has seen a dramatic increase ...
We are delighted to have advised AEW UK Core Property Fund (AEW) on the acquisition of Fiveways ....
We are delighted to have advised AEW UK Core Property Fund (AEW) on the acquisition of Fiveways Entertainment Centre in #Birmingham for £25.1m.
Fiveways is located at the southern end of Broad Street, one of the most vibrant streets in ...
Big thank you to @lonedesignclub for the tour of your new pop up at Westfield London.  An amazin....
Big thank you to @lonedesignclub for the tour of your new pop up at Westfield London. An amazing collection of ethical and sustainable brands. A must see over the next 2 weeks and we are looking forward to working with ...
@elan_cafe has recently opened on Wardour Street which is now their 9th London site and is kitte....
@elan_cafe has recently opened on Wardour Street which is now their 9th London site and is kitted out with retro 90’s arcade games🕹👾
They really raise the bar in terms of experiential F&B in London. We’re pleased to see the ...
Amazing to see Bristol-based @benedictravenuk now open and trading in #Bristol!The high-end inde....
Amazing to see Bristol-based @benedictravenuk now open and trading in #Bristol!
The high-end independent menswear retailer has taken 1,300 sq ft in #quakersfriars @cabotcircus and the store looks fantastic – well worth a visit.
 
If you would like to ...
@nextofficial will be opening a 50,000 sq ft store this summer at @shopatparkway , Newbury.We ar....
@nextofficial will be opening a 50,000 sq ft store this summer at @shopatparkway , Newbury.
We are really proud of this letting which provides a real boost for Parkway and the town centre.
Click the link in our bio to ...
We are delighted to announce the promotions of Emma Charlesworth and Will Hooper to Director. Em....
We are delighted to announce the promotions of Emma Charlesworth and Will Hooper to Director. Emma and Will are in the Leasing Team at Lunson Mitchenall and work for a variety of clients including Aberdeen Standard, Global Mutual, New River, ...
It really doesn’t get much better than sitting at the counter at @barrafinalondon one of Londo....
It really doesn’t get much better than sitting at the counter at @barrafinalondon one of London’s most renowned Michelin star tapas restaurants. Sensational food in a contemporary and vibrant environment, we at Lunson Mitchenall are lucky to have the Barrafina ...
LM Acquires Sutton Trade Park for Clipstone
LM Acquires Sutton Trade Park for Clipstone The post LM Acquires Sutton Trade Park for Clipstone appeared first on Lunson Mitchenall.
£2.75m disposal of mixed use healthcare investment for M7 Real Estate
£2.75m disposal of mixed use healthcare investment for M7 Real Estate The post £2.75m disposal of mixed use healthcare investment for M7 Real Estate appeared first on Lunson Mitchenall.
Lunson Mitchenall completes disposal of two trade counter sale and leasebacks
Lunson Mitchenall completes disposal of two trade counter sale and leasebacks The post Lunson Mitchenall completes disposal of two trade counter sale and leasebacks appeared first on Lunson Mitchenall.
Primark, Burton on Trent
Primark, Burton on Trent The post Primark, Burton on Trent appeared first on Lunson Mitchenall.
Lunson Mitchenall – Covid 19
Lunson Mitchenall – Covid 19 The post Lunson Mitchenall – Covid 19 appeared first on Lunson Mitchenall.
Paradise lands in Soho
Paradise lands in Soho The post Paradise lands in Soho appeared first on Lunson Mitchenall.
Brickwork takes Revo 2019
Brickwork takes Revo 2019 The post Brickwork takes Revo 2019 appeared first on Lunson Mitchenall.
Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail...
Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail... The post Woking Borough Council continue with town centre regeneration with purchase of a leisure and retail block for £3.85m appeared first on Lunson Mitchenall.
The Workshop Cafe+Cycles – Palma de Mallorca
The Workshop Cafe+Cycles – Palma de Mallorca The post The Workshop Cafe+Cycles – Palma de Mallorca appeared first on Lunson Mitchenall.
Palma de Mallorca in style
Palma de Mallorca in style The post Palma de Mallorca in style appeared first on Lunson Mitchenall.
Din Tai Fung opens their first UK restaurant in Covent Garden
Din Tai Fung opens their first UK restaurant in Covent Garden The post Din Tai Fung opens their first UK restaurant in Covent Garden appeared first on Lunson Mitchenall.

Load More

Sign up for our newsletter to keep up to date with Lunson Mitchenall