Oak Retail Park in Dudley, West Midlands, sells for £5.9m

September 27, 2010

AXA Real Estate Investment Managers (AXA Real Estate) on behalf of its clients, advised by Edgerley Simpson Howe, has sold its 35,913 sq ft Oak Retail Park, Brierley Hill in Dudley, West Midlands, to First Property Group for £5.9 million. The deal represents a net initial yield of 7.37%.

Tenants at the retail park include DIY retailer Wickes and brand bargains giant B&M, with leases expiring in 2019 and 2021 respectively. The total passing rent on the scheme, which has a bulky goods planning consent is £459,300 pa.

Edgerley Simpson Howe represented AXA Real Estate; AHBN represented First Property Group.

Latest News

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR