Investments / Mid Sussex Retail Park, Burgess Hill
Square Metre Asset Management have sold Mid Sussex Retail Park, Burgess Hill to clients of DTZ IM for £17.325 million reflecting a net initial yield of 4.7%.
The property was constructed in 2013 and comprises a modern retail warehouse development of 54,429 sq ft. The property is let in its entireity to B&Q Plc and Pets at Home Limited on leases with a WAULT of in excess of 11 years. The B&Q lease is subject to 5 yearly upward only rent reviews linked to RPI, collared at 1% and capped at 2.5% pa.
Price: £17.325 million
Type: Investment Sale
Status: Completed