15 / August / 2017
Hampstead retail parade purchase completes
DTZ Investors has completed on the acquisition of the freehold interest in 49-65 South End Road, Hampstead for £9.2m, reflecting a 4.1% net initial yield.
The property is situated opposite Hampstead Heath Overground Station, and is located within one of London’s most affluent and sought-after village locations. The asset comprises a retail parade of 10 units, totalling 13,225 sq ft, and let to 10 tenants; including Daunt Books, Topps Tiles and Shelter. The property is subject to a weighted average unexpired lease term of 7.2 years to expiry and 4.0 years to break.
The asset offers a number of asset management opportunities and benefits from diverse tenant demand. The acquisition increases the clients exposure to the Greater London market.
Springer Nicholas acted on behalf of DTZ Investors.
Latest News
8 August, 2022
UK
DTZ Investors publishes its second Responsible Investment (RI) Report
6 July, 2022
UK
DTZ Investors colleagues take part in the JLL Property Triathlon 2022 that raised £179'000 for The World Wildlife Fund (WWF)
4 July, 2022
UK
Volunteers from DTZ Investors join Citizen Zoo on the Hogsmill River in Kingston Upon Thames to create a healthy habitat for the reintroduction of Water Voles!
1 July, 2022
UK
DTZ Investors co-living fund (COLIV) charity partner, Harrow Association of Disabled people [HAD], celebrates its 50th birthday!
