On behalf of Southhill Estate, Savills has sold a town centre retail investment in Bishops Stortford, Hertfordshire to Glenstone Property Group for £1.575 million.

Let to WHSmith Retail Holdings Ltd on a term expiring in September 2018, the 5,735 sq ft (533 sq m) building currently generates an annual income of £140,000.

Phillip Ridoutt, Director in Savills Cambridge, comments: 'This sale further signals the strength of the high street investment market in regional towns. Well located opportunities when offered at high yields are very attractive in the current market, especially when there are potential asset management and regear opportunities. '

Glenstone Property Group was advised by MP Real Estate.

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