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Investment purchase of the Northcote, Leytonstone
A private investor has acquired the freehold investment in the Northcote PH, Leytonstone. The building comprises the ground floor and basement pub with upper floor accommodation and a trade garden to the rear.
The property was acquired from Tavern Propco for an undisclosed sum reflecting a net initial yield of circa 4.10% with a passing rent of approximately £110,000 per annum.
Michael Penfold of AG&G acted for the buyer.