Stapleton Waterhouse, acting jointly with London agents HRH on behalf of Town Centre Securities Limited, sold 63/73 Goodramgate, York to Joseph Rowntree Reform Trust for £3.55m representing a net initial yield of 6.2%. The purchaser was represented by Nightingale Partners of London.
Acting on behalf of overseas vendors, Stapleton Waterhouse sold the freehold interest in 37 Tanner Row, York to a Property Investment Syndicate for £1,950,000, representing a net initial yield of 8.8%. The property is let to English Heritage.
Acting on behalf of a regional developer, Stapleton Waterhouse sold a retail investment let to Sainsbury Supermarkets at a price of £1,250,000, representing a net initial yield of 5.8%. The property is located in Bootham, York.
Royal Parade, Harrogate
Stapleton Waterhouse sold a mixed retail / residential property at Royal Parade, Harrogate in two transactions with a total value of £6 million.