Avison Young are delighted to announced they have concluded the sale of Meadowlands Retail Park in March on behalf of the owners, Columbia Threadneedle, to Holmer Green Farm.
The property comprises a convenience-led retail park let to Halfords, Carpetright, Argos, The Original Factory Shop and Mattressman. The property extends to a total of 30,996 sq ft and is producing a current rent of £287,744 per annum (£9.28 per sq ft). The property has good visibility from the main road and the park forms the only retail warehouse scheme in March, dominating the catchment area.
The purchaser paid a price of £3.18 million, which reflects a net initial yield of 8.50%.
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