Investments / Great Western Retail Park, Glasgow
Sidra Capital have bought the heritable interest in the Great Western Retail Park, Glasgow for £57.85 million reflecting an initial yield of 6.5%.
The property is a prime bulky goods retail park comprising approximately 193,628 sq ft of retail warehouse accommodation with parking for 975 cars showing a ratio of 1:200 sq ft.
Key tenants include B&Q, Currys/PC World, Carpetright, SCS, B&M, Wren, Tapi, KFC and Starbucks. The property has a waited average unexpired lease term of 10.9 years to expiry. The current passing rent is £3,763,946 pa.
Price: £56.85 million
Type: Investment Purchase