119/123 Mount Pleasant Road, Royal Tunbridge WellsPosted on December 18, 2015
In December 2015 pension fund clients of CBRE Global Investors completed the acquisition of the above property within 10 days of agreeing terms.
Let to Pret a Manger and Specsavers at ground floor and several office tenants above, the prominent freehold asset sits at the junction of Mount Pleasant Road and Calverley Road in Royal Tunbridge Wells.
The asset provides substantial reversionary potential at ground floor and holds the opportunity for medium term redevelopment in the upper parts.
The acquisition was completed at £3.775m reflecting NIY of 5.1%.