Investments / B&Q, Trevenson Road, Camborne

Texton Property Fund has sold the B&Q in Camborne to Realty Income for £8.96 million reflecting a net initial yield of 6.6%.

The price shows a 15% premium to the fund’s most recent book value for the property.

The property was purpose-built for B&Q and is approximately 48,000 sq ft. It is let to B&Q Plc on an FRI lease expiring on 24 March 2028 at a current passing rent of £631,200 per annum.

Texton Property Fund is a REIT listed on the Johannesburg Stock Exchange.

For further information please contact:

Press release

Price: 8.96 million

Type: Investment sale

Status: Completed