Investments / Sports Direct buys De Mandeville Gate Retail Park in Enfield
Sports Direct have bought the freehold interest in De Mandeville Gate Retail Park, Enfield for £24.6 million reflecting a net initial yield of 5.8%.
The property is a purpose built retail park comprising 55,173 sq ft of ground floor accommodation in four units. It has a restricted A1 retail consent and two units have trading mezzanine floors. It is let to Currys, PC World, Oak Furnitureland, Harveys and Argos. The passing rent of £1,526,917 reflects £27.68 psf overall.
Price: £24.6 million
Type: Investment Purchase