Yorkshire property company Westcourt Group, advised by Harvey Burns & Co have purchased the prime retail investment of 12, Princes Street, Harrogate, North Yorkshire. The property is let to Skipton Building Society on a new 15-year lease and represented a net initial yield of 5%.

Tim Hodgson, managing director of Westcourt group commented “that this property was a strategic purchase which complemented their existing property portfolio and this would assist in their long term growth strategy of the company”. Westcourt are seeking similar investments to purchase in the coming months.

Lyndsay Burns of Harvey Burns & Co commented “This will make a fantastic addition to the Westcourt portfolio. The deal ticks all the boxes of a good location being in the heart of one of Yorkshires premier towns, a quality covenant and the opportunity for rental and capital growth. We are delighted to have successfully completed this transaction and believe that property will perform well in the portfolio”.