GMS Estates Ltd, represented by Savills, has sold 35/37 Fore Street, St Ives to Lewis Investments for £1.9m representing a net initial yield of 7.7%.

The two retail units are let to Mountain Warehouse Ltd and Pizza Express and together generate an income of £155,000 per annum.

Andrew Main, director of investment at Savills, comments: "The strong fundamentals of these properties made them an excellent investment opportunity and we therefore had a high level of interest. We are pleased with the price secured for our client."

Lewis Investment was represented by Hartnell Taylor Cook.

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