Square Metre Asset Management have sold three south London retail warehouse investments, each let to Halfords, for £12.85 million reflecting a net initial yield of 5.32%.
They are located in Croydon and Sutton and were purpose built for Halford’s occupation. The properties are freehold and are each let to Halford Limited (D&B 5A 1) for in excess of 4.5 years. They all have open A1 (non food) planning consents. The properties offer redevelopment opportunities for a mix of retail and residential uses.