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Retail Warehouse
Initial Yield
6.35%
Price
£7,650,000
Sale/Purchase
Purchase
A retail warehouse unit extending to 52,713 sq ft and an additional, integral retail unit extending to 1,686 sq ft.
The majority of the property is let on an FRI lease to Matalan Retail Ltd at a passing rent of £500,000 pa, equating to £9.80 per sq ft, until November 2028.
