1 & 2 The Parade and 2-8 Sheep Street, Northampton, NN1 2EA
Franck Steier Price have recently completed the sale of a multi let retail parade in Northampton town centre.
The property is located between Market Square and the town’s bus station. The retail parade comprises 5 retail units, the upper floor residential had been sold off. The property was let to four tenants, two local retailers, Subway and Imperial Cancer. There was one vacant unit.
The investment sold for £900,000 which reflected a net initial yield of 10.84%, after purchaser’s costs of 5.80%.
The property was purchased by a private client of RHT.