Giraffe Restaurants, 1b East Street, Horsham, West Sussex, RH12 1HH
Giraffe Restaurants, 1b East Street, Horsham , West Sussex, RH12 1HH
JR Capital has completed on the acquisition of an investment in Horsham secured to Giraffe Restaurants www.giraffe.net/ until 2035. Giraffe are a fast growing national restaurant chain recently acquired by Tesco Plc www.tescoplc.com.
One of numerous investments of a growing portfolio in the Home Counties being constructed by JR Capital for a major Middle Eastern Merchant family, the building was acquired for £950,000 representing a Net Initial Yield of 5.45% rising to 6% in 2015 following a fixed uplift in the rent.
The building is located in the affluent market town of Horsham in West Sussex on a prime retail pitch and provides secure and long dated income from a high quality tenant.
CWM acted for JR Capital