Cooke & Arkwright

Salisbury shop for Retained Trust Clients

Cooke & Arkwright have completed the acquisition of a prime retail unit in Silver Street, Salisbury on behalf of retained Trust client.

The property, No 37 Silver Street, Salisbury, is let to Shoe Zone for a term of 11 years from March 2001 and at a current rent of £72,500 per annum. The property has been purchased for £980,000 and shows an attractive yield of 7%. Graham Davies quotes “We are particularly pleased to have secured this purchase. Bearing in mind the turmoil in the equity market and the resultant diversification of funds by many investors into property, we are delighted to have achieved such an attractive return and from a quality product in this particular market”. 

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