The property has been elected for VAT
and therefore it is assumed that the sale will be treated as a
Transfer of a Going Concern (TOGC).
We are instructed to seek offers in
excess of £5,240,000 (five million,two hundred and forty
thousand pounds) subject to contract and exclusive of VAT
for our client's leasehold interest.
A purchase at this level reflects a
net initial yield of 5.0% after usual purchasers
costs of 5.8%.