B&M have carried out a sale and leaseback on their new store at Victoria Promenade, Northampton to Northampton Borough Council at a price of £4.91m, giving 6.5 % NIY.
B&M are subject to a long lease with capped OMV reviews.
The property is of 22,046 sq ft GIA and is leased at £13.00 psf.
Avison Young acted for the vendors.
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