5 December, 2017
DTZ Investors acquire 50-74 Sauchiehall Street, Glasgow
![](/media/239106/50-74-sauchiehall-street-glasgow.jpg?center=0.78545454545454541,0.5425&mode=crop&width=730&height=365&rnd=132191673879100000)
DTZ Investors has completed the acquisition of the freehold interest of 50-74 Sauchiehall Street in Glasgow for £15.3m, reflecting a 6.1% net initial yield.
The asset comprises four retail units that were refurbished in 2012 and total 26,481 sq ft. The property is multi-let to Bank of Scotland, Dr. Martens and Poundland with a WAULT to expiry of 7.4 years. The acquisition provides exposure to a diversified income stream in major UK City in a the micro location that benefits from very high levels of footfall and sustainable retailer demand.
DTZ Investors were advised by Montague Evans.
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