Property overview

PAG Ventures Portfolio

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Mar 2013

Atlas Real Estate has recently completed the acquisition a portfolio of neighbourhood centres on behalf of Local Parade Investments LLP.

The properties are located in Gloucester, Nailsworth, Stockport and Worthing.

The properties are fully let producing a total income of £442,386 per annum.  Tenants include Co-op, Tesco, Lloyds Pharmacy, Costcutter and Ladbrokes.

The portfolio was purchased for £4,590,000 reflecting a net initial yield of 9.11%, after costs of purchase of 5.80%.  Property Alliance Group represented the administrators Duff and Phelps.