Wilkinson Williams, on behalf of Aviva Investors, has sold The Oaks Retail Park, Harlow to private clients of Credit Suisse. The property was sold for a price of £31.1 million, reflecting 6.29% NIY, far in excess of the quoting price of £28.8 million, 6.58% NIY. The property provided a long WAULT of over 8.5 years, with the tenants including B&Q, Home Bargains, Jollyes, Topps Tiles, Halfords, Maplin and Carpetright. The total income is £2,022,084 per annum, equating to a low average rent of £17.72 per sq ft. Almost 50% of the income benefits from fixed or RPI uplifts at review.
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