From: IRP Property Investments Limited
Date: 19 January 2012
IRP PROPERTY INVESTMENTS LIMITED
PURCHASE OF INVESTMENT PROPERTY
On 18 January 2012, IRP Property Investments Limited ("IRP") completed the purchase of a prime retail unit at 25/27 Bridlesmith Gate, Nottingham for £3,179,000.
The property was purchased at a net initial yield of 6.1% and is let to Hobbs Limited on fully repairing and insuring ("FRI") terms at an annual rent of £205,000, expiring in October 2019.
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
St Peter Port
Tel: 01481 745001
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