The Baytree Centre and 38-42 & 75 High Street
The only shopping centre in Brentwood located adjacent to the town's principal 650 space car park. Let on a total of 31 tenancies and anchored by a Co-op Supermarket and Wilkinson's. Total gross rental income of £1,636,800 per annum. Net rental income of £1,373,696 per annum. National multiple covenants account for 97% of the total rent including Sportsworld, Fitness First, Gap, WHSmith, Holland & Barratt and 99p Stores. The property is predominantly helf freehold. There is a minor long leasehold interest with 98 years unexpired at a peppercorn rent.
The property was sold as part of the Principal Trust Portfolio.
Other deals in this sector: