Investments / Parc Plaza, Bridgend

Fidelity have sold Parc Plaza, Bridgend for £6.9 million, reflecting a net initial yield of 6.57%.

The property forms a part of Bridgend’s main retail warehouse location. It is a prime modern retail warehouse of two units totalling 40,712 sq ft let to Dunelm and Argos with a combined WAULT of 6.4 years.

Both units have mezzanine floors, Dunelm’s being used for retail sales, and there is parking for 193 cars (1:211 sq ft).

The property produces a rent of £484,320 pa, reflecting a modest £11.90 psf overall and is rack-rented.

A PDF brochure is available here; Brochure PDF

For further information please contact

Price: £6.9 million

Type: Investment sale

Status: Completed