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Kames buys Harrogate parade

2nd May 2017

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Kames Capital has acquired a prime retail parade on Harrogate’s Cambridge Street for £4.825 million showing a net initial yield of 5.19%.

GCW agreed the acquisition of the retail parade let to four tenants, The Carphone Warehouse, Smiggle, Card Factory and H Samuel in 100% prime Cambridge Street adjacent to Marks & Spencer.

“Harrogate is a strong retailing centre with an affluent and loyal catchment.  This is an attractive acquisition for our client showing a rental and yield discount to recent transactions in Harrogate and to similar retail centres,” says GCW director Oli Horton.

Contact oli.horton@gcw.co.uk

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