Cbre Investors Sells Croydon Shop At 9% Yield

摘要

A private investor has bought a shop in Croydon, south London, from CB Richard Ellis Investors at a 9% yield.The 2,037 sq ft shop on Croydon's High Street and North End Road was sold for ￡1.3m - marginally above its ￡1.26m asking price.Contracts were exchanged within five days.The property is let to three tenants, among them Kanoo Travel, which is linked to American Express, and Croydon Cobblers.Ereira Mendoza represented the private buyer; CB Richard Ellis acted for CBRE Investors.