"Size doesn't matter - results do!"
Hammond Phillips was instructed by Royal London to sell a prime shop in Winchester town centre let to a high quality covenant with 11.5 years of the term unexpired.
- Through its detailed market knowledge, Hammond Phillips commenced a wide range aggressive marketing campaign was necessary to ensure that all potential purchasers were alerted to its availability.
- An extensive list of funds, property companies and private individuals were targeted. This was achieved through direct marketing via email and hard copy of the sale brochure.
Following the extensive marketing campaign, bids were received from a wide range of purchasers. The sale was concluded with a private purchaser at £1.87m, representing a net initial yield of 4.25%.
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