Morrisons store sold in investment deal

May 28, 2010

A joint venture between Anderson Harkins and Chartergate Ltd , advised by Stockford Staunton, have sold the freehold interest in Morrisons, Bridge Street, Dover for £17,260,000 reflecting a net initial yield of 5%. The property was acquired by a pension fund client of Colliers Capital UK Ltd advised by Edgerley Simpson Howe.

The unit is strategically located immediately to the north of the town centre, forming part of Castleton Retail Park, and comprises 51,530 sq ft of recently refurbished accommodation let for 35 years from April 2009 at a rent equating to £18.00 per sq ft.

Jo Duffield at ESH said: “This property represents an excellent investment opportunity in the current market given the strong characteristics it possesses, notably limited foodstore competition within Dover, excellent covenant, the level of rent and substantial term unexpired

Latest News


November 3, 2020 - 09:54

One of the UK’s leading shopping centre operators, Sovereign Centros has taken over the running of intu’s largest asset, the Metrocentre in Gateshead, heralding a new era for the premier North Eas[...]

+ Read More

New Vue set for Glasgow as work begins at St Enoch Centre

November 3, 2020 - 09:49

Work has begun on a new Vue venue in Glasgow which will launch in quarter one of 2021 and bring around 40 new jobs to the city. Vue has signed a 20 year lease to create a nine-screen Big Screen Entert[...]

+ Read More

1000 new homes, 10,000 new jobs and a transformed city centre for Sunderland, plan promises

October 14, 2020 - 08:31

A TRANSFORMATIONAL masterplan that will reinvent the heart of Sunderland has been released today. The Riverside Sunderland Masterplan, which sets out a detailed blueprint for the regeneration of a key[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR