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Perland Properties buy convenience led scheme in Newcastle for £7.5 miilon

Long let units to Home Bargains and Matalan comprising circa 80,000 sq ft at Killingworth, Newcastle, next to a dominant Morrisons store, have been bought by Perland Properties at a price of £7.5 million, reflecting 10% NIY.  The average rent was circa £10.00 per sq ft.  Prime Retail acted for the vendors and the buyers were advised by AY.

For further information please contact:

Paul Wilkinson

T: 020 7317 3799 M: 07770 585313
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