Halfords & The Range, Fleming Way Retail Park, Swindon
Price: £10,225,000 - Initial Yield:7.16%
Date: Q3 2011
Acting on behalf of Eskmuir Properties we advised on the sale of this retail warehouse investment to Metric Property Investments for £10.225m, reflecting a net initial yield of 7.16%.
The property comprises two purpose built retail warehouse units totalling 82,615 sq ft let to Halfords and The Range. Very well secured income stream with an average weighted unexpired term of approximately 19 years. Total passing rent of £776,709 p.a (£13.36 psf overall), which will reduce in December 2013 to £720,031 p.a (£12.38 psf overall) as part of the reversionary lease agreed with The Range.
Contact
Simon Lewis
Tel:
020 7493 3330
Mob:
07831 527 960
slewis@lewisellis.co.uk
Matthew Brown
Tel:
020 7493 3330
Mob:
07836 724 420
mbrown@lewisellis.co.uk
