Ropemaker Acquires Reedswood Retail Park Walsall For Close To £24 Million

July 3, 2015

Ropemaker Properties Ltd, advised by HSM, has acquired Reedswood Retail Park in Walsall for £23.84 million, representing a net initial yield of 6%.

Reedswood Retail Park is a 116,358 sq ft retail warehouse park and is let to a number of national occupiers including Matalan, B&M, Poundland, Pets at Home, Carphone Warehouse, and Dunelm. It also includes a drive-thru McDonalds restaurant. The total rent is £1,513,407 pa, with the warehouse rents ranging from £11.50per sq ft to £15 per sq ft and the restaurant at £27 per sq ft. Average lease expiries are 9.22 years and 8.83 years to break.

Located just off the M5/M6 interchange, the park is adjacent to a Sainsburys supermarket and petrol filling station. It benefits from a broadened bulky planning consent with some A1.

Occupational advice was provided by Edgerley Simpson Howe. The vendor, The Church Commissioners, was advised by Griffiths Eccles.

Latest News

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

HR OWEN AGREES TURNKEY DEAL WITH ARLINGTON AT HATFIELD BUSINESS PARK

March 23, 2021 - 11:27

Arlington has agreed a freehold turnkey deal with luxury and supercar dealer HR Owen Plc for a new showroom at Hatfield Business Park, Hatfield, Hertfordshire. Arlington has sold a five-acre plot to [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR