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You are here: Announcement

Tuesday 18 January, 2011


RNS Number : 6128Z
ISIS Property Trust Limited
18 January 2011
 



To:                   RNS

From:              ISIS Property Trust Limited                             

Date:               18 January 2011

 

ISIS PROPERTY TRUST LIMITED

PURCHASE OF INVESTMENT PROPERTY

 

ISIS Property Trust Limited, on 13 January 2011, exchanged contracts to purchase a retail warehouse at Hope Mill Retail Park, Foundry Street, Bury for £7,050,000 reflecting a net initial yield to the Company of 6.95%. This purchase has been made by way of a forward commitment and it is anticipated that the completion of the purchase will take place in May 2011.

 

The development is prominently located close to the town centre and within an established edge of centre retail warehouse location. The property extends to 35,000 sq ft, (3,252 sqm), and provides 135 car parking spaces.

 

The entire property is held freehold and has been let to three tenants, Dreams plc, Pets at Home Ltd and Smyths Toys (UK) ltd, on full repairing and insuring terms, by way of 15 year leases with five year upward only rent reviews.

 

 

All Enquiries:

 

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1  3QL

 

Tel: 01481 745001


This information is provided by RNS
The company news service from the London Stock Exchange
 
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