NAI Gooch Webster - Retail - Eltham, Passey Place

Date: 19 Apr 2000

The freehold interest in 8/10 Passey Place, Eltham has been sold for £1,100,000 - reflecting a net initial yield of 6.70%.

The property is let to Argos Distributors Ltd on a lease expiring in February 2034 with seven yearly upward only reviews. R & Jays (Leicester) advised the purchaser, J&S Garments, while the property company vendor was advised by NAI Gooch Webster.

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