Avison Young has disposed of Darlington Retail Park on behalf of LaSalle Investment Management to David Samuel Properties.
The 147,119 sq ft park is let to Currys PC World, TK Maxx, Wren, The Range, Pets at Home, Home Bargains, ScS, Carpetright, Furniture Village, Harveys, Costa, KFC and one vacant unit with a current passing rent of £1,663,656 per annum, equating to £13.62 per sq ft. The site comprises 11.4 acres.
The asset was sold for a gross price of £12.5 million, reflecting a net initial yield of 12.47%.
For further information please contact: