Avison Young has disposed of Central Retail Park in Rochdale on behalf of Town Centre Securities (TCS). The freehold interest was sold to Rochdale Borough Council for £13.2 million, reflecting a net initial yield of 8.04%.
The property comprises 68,768 sq ft and is fully let to Halfords, Argos, Matalan and Poundstretcher, with a WAULT of circa 7 years. The sale also includes the adjoining 4.7 acre development site.
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