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We advised the administrators on the sale of a portfolio of 10 amusement arcades already let to a newly-formed company on 10-year leases that were yet to commence. Due to the licensed nature of the properties, they were of particular interest to specialist buyers and were marketed accordingly. The properties, which were located around London within the M25, sold individually at auction for a total of £9.39 million showing a net initial yield of 7.14%.
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