Investments / St Michaels Retail Park, Penzance
CPG are offering the Pets at Home, Mountain Warehouse and Costa in Penzance for sale at £4.612 million, reflecting a net initial yield of 6.5%.
The property is a prime, rack rented, retail park that was built in 2018, adjoining an 82,847 sq ft Sainsbury’s and Heliport Retail Park.
The property totals 15,948 sq ft, with the potential to add an additional 5,500 sq ft, subject to approval of the existing planning application.
The property has a WAULT of 10 years (5.9 years to break).
A pdf brochure is available here; Brochure PDF
For further information please contact:
Price: £4.612 million
Type: Investment Sale
Status: Under offer