Clifton are pleased to report the sale of 4-6 Howardsgate, Welwyn Garden City on behalf of MHA London for £1,225,000, reflecting at 5.78% net initial yield.
Jim Remfry commented:
“We received lots of interest in this particular sale, highlighting the investor demand for well let, secure long term leisure investments. Giggling Squid recently committed to an extensive fit out, and the unit presents brilliantly. We are delighted to get another deal over the line for our good clients at MHA London.”
The property comprises a prominent 3,744 sq ft corner restaurant on Howardsgate with the added benefit of a 45 cover outdoor dining terrace. The opportunity offered the purchaser a secure 20-year term, let to Giggling Squid - one of England’s leading Thai restaurant chains with circa 50 branches nationwide.
Clifton acted jointly on the sale with our friends at ADS Real Estate.
Further details available upon request.
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