Nailsea – Pension Fund Return

Turner Locker Barnfield have acted for a private pension fund in the acquisition of 61/63 High Street Nailsea. The price paid was £795,000 and the property is let to The Factory Shop Limited, for a further 15 years at £65,000 p.a. comprising an 8,000 sq ft shop and a 22 space private car park. The fund will benefit from a net initial yield of 7.75%. Savills acted for the vendor.