Out of town retail investment sale

February 16, 2011

Valad ‘s Osprey Fund, represented by Edgerley Simpson Howe LLP, has sold the freehold retail investment  of a former supermarket in Minstergate Street, Thetford to Breckland District Council for £3.5 million, to show a net initial yield of 6.75%.

The 30,000 sq ft former Somerfield store has been reconfigured in to a unit of circa 19,750 sq ft let to Wilkinsons on a lease with just over 10 years unexpired and a 10,150 sq ft Poundstretcher store occupied on similar terms.  The head rent is £8.40 per sq ft, with the next review in March.

Breckland District Council was advised by Carter Jonas

Latest News

LEWIS ELLIS IN DOUBLE HIRE AND DOUBLE PROMOTION

August 15, 2022 - 10:55

Lewis Ellis, the market leading specialist investment agency, has strengthened its team with the addition of a new salaried partner and team assistant, whilst internally recognising the performance of[...]

+ Read More

Redevco hires Jonathan Cole as Transaction Manager UK

August 8, 2022 - 10:27

Redevco, one of Europe’s largest privately-owned real estate investment managers*, hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and w[...]

+ Read More

RAFT OF NEW RESTAURANTS ON THE MENU AT TOUCHWOOD SOLIHULL 10,000 sq ft of new restaurants opening, including The Real Greek

August 8, 2022 - 10:24

Touchwood shopping centre in Solihull has significantly expanded its dining offer with the opening of four new restaurants totalling nearly 10,000 sq ft of space. The four restaurants will generate a [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR