On behalf of clients, Burley Browne instructed Erinaceous to offer by auction 57-59 Rectory Road, Sutton Coldfield.

The property is let to T & S Stores plc (owned by Tesco plc) on a 15 year lease from 2003 at a current rent of £12,350 p.a.

The investment generated considerable interest and sold at auction for £290,000 representing an inital gross yield of around 4.25%. This outstanding result was due to the combination of national and local marketing.

July 2007