Investments / Meteor Centre Retail Park, Derby
Ares are offering Meteor Centre Retail Park, Derby for sale for £28.95 million reflecting a net initial yield of 8.5%.
The property is a prime retail warehouse park of 189,702 sq ft which is let to tenants including; The Range, Wren, DFS, B&M, Pets at Home, Bensons for Beds, Jysk, McDonald’s and Costa.
It produces a current rent of £2,628,337 per annum reflecting a very affordable £13.86 psf and has a WAULT of 6.5 years to break and 7.4 years to expiry.
For further information please contact:
Price: £28.95 million
Type: Investment Sale
Status: On the market