Retail

Anchor Retail Park, Active Way, Burnley 

 

Price: £6,510,000 - Initial Yield:8.10%

Date: Q3 2012

Acting on behalf of First Argyll / Development Securities we advised on the sale of this long leasehold retail warehouse investment to a Private Investor for £6.51m, reflecting a net initial yield of 8.1%.

The property comprises a purpose built retail warehouse park totalling 42,085 sq ft let to Halfords, Pets At Homes, Sports Direct, Iceland, Benson Beds and Carphone Warehouse, with an average weighted unexpired term of 8.5 years. Total passing rent including rental top ups of £553,718 per annum, with potential reversionary income in the region of £609,000 per annum. 

Contact

Simon Lewis

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

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk


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