RETAIL INVESTMENT BOUGHT

On behalf of investor clients, Dunster and Morton have acquired a prime retail investment in Dorking.

21/27 High Street Dorking let to Edinburgh Woollen Mill Limited lies in a prime trading position on the north side of the High Street, opposite Sainsburys and Robert Dyas.

The freehold was bought for £1.2 million in July 2010, showing a reversionary yield of 7%

Damian Comerford who represented the purchasers said:

"We are pleased to buy this opportunity and are keen to acquire other good investments in prime towns"