Investments / Wren Kitchens, Aintree
The sale of the Wren Kitchens unit, Ormskirk Road, Aintree has completed for £5.35 million, reflecting a net initial yield of 6.39%.
The property is a prime retail warehouse investment, situated opposite Aintree Racecourse Retail Park and Aintree Shopping Park. It totals 17,187 sq ft and has a parking ratio of 1:291 sq ft.
It has a bulky goods planning consent and is held freehold.
It is let in its entirety to Wren Living Ltd for a term of 10 years from 2nd February 2015 at a current passing rent of £365,000 per annum which equates to £21.24 psf.
Price: £5.35 million
Type: Investment Sale