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

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

WILFORD LANE DEVELOPMENTS SELLS OFF WEST BRIDGFORD SCHEME IN NOTTINGHAM

February 9, 2021 - 12:36

Wilford Lane Developments Limited (WLDL) – a joint venture between Kuwaiti developer/investor Salhia Real Estate Co KSC and Simons Developments Ltd – has sold the commercial element of its Wes[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR