Sector
Retail Warehouse
Initial Yield
Confidential
Price
Confidential
Sale/Purchase
Purchase
A freehold retail warehouse scheme totalling 40,184 sq ft and subdivided into 3 units; one large standalone unit and two adjoining units, with shared car parking providing 189 spaces.
The property is multi-let to DFS, Dreams and The Lounge Sofa Company at a passing rent of £456,180 pa, equating to £11.35 per sq ft, with a weighted unexpired lease term of 9.86 years to expiry.
The property was acquired as part of the Alpha Portfolio.