Acting on behalf of the owners, clients of LaSalle investment Management, Avison Young have concluded the sale of The Clink Retail Park in Bridgwater to Sedgemoor District Council.
The property extends to 17,386 sq ft and is let to Halfords and Pure Gym on leases expiring in 2026 and 2033 at the current rent of £237,891 per annum (£13.70 per sq ft).
The purchaser paid a price of £2.375 million, reflecting a net initial yield of 9.42%.
For further information please contact: