Acting on behalf of private overseas investors Ian Scott International have acquired recently the freeholds of 48 and 49 George Street Richmond Surrey which is a well secured retail and residential investment let to Zara Home and T M Lewin. The purchase reflects an initial yield of approx. 4.5%. Subsequent to the conclusion of the deal an outstanding rent review was settled with T M Lewin with an increase reflecting approx. £220 Zone A. ISI continue to manage the properties on their client’s behalf.
This is one of several recent investment deals where ISI have not only advised their clients on the investment but also have provided invaluable assistance on both the lease advisory and on going property management of these transactions.