Purchase of Pizza Express, Windsor
June 30, 2022
Coffer Corporate Leisure has advised a private client on the purchase of 7-8 Thames Street, Windsor.
The freehold property, situated directly opposite Windsor Castle, is let to Pizza Express on a long lease.
The purchase price of £1,650,000 reflected a Net Initial Yield of 4.85%.
Jack Silvani, Director at Coffer Corporate Leisure, said “There remains strong demand from private investors for defensive, income producing assets. This is especially true for premium, high footfall locations such as central London or, in this particular case, opposite one of the most visited tourist attractions in the UK.
We expect the differential in pricing between prime and secondary assets to widen as investors remain selective.”
Coffer Corporate Leisure acted on behalf of the purchaser. Phillips Roth & Co acted on behalf of the vendor, a private client.