Retail

Jubilee Retail Park, Radipole Park Drive, Weymouth 

 

Date: Q3 2010

Acting on behalf of Aberdeen Asset Management we advised on the purchase of this retail park from TIAA Henderson Real Estate for £17.83m, reflecting a net initial yield of 6.02%.

The park comprises seven retail warehouse units totalling 58,188 sq ft, arranged as a terrace of four units together with a further stand alone unit, a drive-thru fast food unit and a stand alone food store, which has been sold off on a long lease. Multi-let to 7 tenants with a weighted unexpired term of 12.41 years, producing a total rental income of £895,022 p.a.

Contact

Matthew Brown

Tel: 020 7493 3330
Mob: 07836 724 420
mbrown@lewisellis.co.uk


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