Gaia buys from Aviva
Published: 2009-09-17 08:19:03
The Derby properties 1/6 Albion Street, 51/43 East Street and 4-6 Albion Street have been sold to Gaia Property Investments, on behalf of Aviva Investors, for £10 million, reflecting a net initial yield of 10%.(Sourced from Strutt and Parker.)
Tenants include Dorsman Estates trading as Peacocks, Goldsmiths, Bay Trading, HMV, Birthdays and Orange on leases expiring between 2014 and 2019.
The retail space totals 21,091 sq ft and produces a rental income of £1.32 million per annum.
Vendor: Aviva Investors, advised by Strutt & Parker
Purchaser: Gaia Property Investments, advised by CB Richard Ellis.
