Investments / Burgess Hill, Swindon and Evesham Sales
Square Metre Asset Management are offering three prime retail warehouse investments for sale in Burgess Hill, Swindon and Evesham. The three properties have a combined price of £45,531,000 showing a net initial yield of 6.02% off a total rent of £2,927,531 pa.
The three properties are as follows:-
Mid Sussex Retail Park, Burgess Hill.
A prime reversionary south east scheme let to B&Q and Pets at Home with a WAULT of 11 years. The Pets at Home is reversionary and the B&Q lease has 5 yearly RPI linked rent reviews capped at 2.5% and collared at 1% pac.
£14.810 million, 5.50% IY, 6.09% RY in August 2018
Wickes, Gipsy Lane, Swindon.
A prime retail warehouse built to Wickes’ specifications. Let entirely to Wickes for a further 14.5 years.
£14.04 million, 6.00% IY
Four Pools Retail Park, Evesham.
A prime retail warehouse park serving a dedicated affluent catchment, forming a part of Evesham’s dominant out of town retail location. Fully let to Pets at Home, The Range, Countrywide Farmers and Frankie & Benny’s off low passing rents with a WAULT of 9.0 years.
£16.681 million, 6.50% IY
The three properties are for sale either as individual assets, collectively or as a whole portfolio.
Type: Investment Sales
Status: For Sale