The Daily Mail Pension Fund have sold the DFS in Maidstone for £9.97 million reflecting a net initial yield of 9%.
The DFS in Maidstone is a prime purpose-built retail warehouse of 20,460 sq ft in a strong South East location.
It produces a current rent of £958,230 per annum and is let to DFS Trading Limited for a further 8.75 years.
DFS Trading Limited is an excellent covenant and has the highest Creditsafe score of 100.
DFS have just announced excellent interim results, have reinstated their dividend and their shares are trading at a record high of £3.07.
For further information please contact: