News

Meteor Centre Retail Park, Derby

Price: £28.95 million Type: Investment Sale Status: Under offer

Ares are offering Meteor Centre Retail Park, Derby for sale for £28.95 million reflecting a net initial yield of 8.5%.

The property is a prime retail warehouse park of 189,702 sq ft which is let to tenants including; The Range, Wren, DFS, B&M, Pets at Home, Bensons for Beds, Jysk, McDonald’s and Costa.

It produces a current rent of £2,628,337 per annum reflecting a very affordable £13.86 psf and has a WAULT of 6.5 years to break and 7.4 years to expiry.

For further information please contact:

Hamish@stauntonwhiteman.co.uk

Nick@stauntonwhiteman.co.uk

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