Retail

Collingwood Retail Park, Newgate Lane, Fareham 

 

Price: £17,220,000 - Initial Yield:5.40%

Date: Q3 2017

Acting on behalf of Eskmuir Properties we advised on the sale of this freehold retail park investment to Columbia Threadneedle for £17.22m, reflecting a net initial yield of 5.4%.

The property comprises 77,547 sq ft (7,204 sq m) of purpose built retail warehouse accommodation arranged as an ‘L’ shaped terrace, with a brand new standalone A3 pod unit at the front of the site. Multi-let to five tenants at a current passing rent of £993,339 p.a, reflecting an average rent of £12.78 psf, with an attractive AWULT in excess of 10 years. The property has a strong and diverse income profile with 100% of the rent roll defined as ‘low’ risk.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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