Market Street deal shows sub-5 per cent yield
Deutsche Property Asset Management has sold the freehold of the All:sports store on Market Street, Manchester's prime retail pitch, for more than£11.5 million.

A private Irish investor has bought the 86-88 Market Street property, which is let to All:sports on the lower ground, ground and first floors. Childline is on the upper three floors. The lettings generate an annual income of£548,000. The unit is prominently located directly opposite the Arndale Centre and close to HMV, Littlewoods, H&M, Miss Selfridge and Foot Locker.

Hartnell Taylor Cook acted on behalf of Deutsche UK Retail Property Fund. Knight Frank advised the purchaser. Hartnell Taylor Cook investment surveyor Andrew McGahey said: 'There was so much interest in this investment that we had to invite best bids, reflecting the continuing strength of the investment market for good quality retail units and that of the private investor in the UK property market.'

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