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News

Hicks Baker sells freehold interest to Lambert Smith Hampton

On behalf of a private investor Hicks Baker has sold the freehold interest 116 High Street Sevenoaks Kent to clients of Lambert Smith Hampton in an off-market sale for £1.11m.  The property is let to Rush Hair on the ground floor with two office occupiers above plus a number of licensees of the car parking spaces to the rear.  The combined passing rent of £70,050 p.a. represents a net initial yield of 5.96%.