A private investor has acquired the freehold investment of the Revolution in Northampton, for a price in excess of £1.2m, following competitive bidding.

The property, located on the city’s Bridge Street, is let on a 25 year lease (nine years unexpired) to Revolution Bars at a rent of £93,500 per annum.

The sale price reflected a c7.25% net initial yield.

Coffer Corporate Leisure acted on the deal.