Cordea Savills buys in Hereford
Published: 27 January, 2015
Brook retail park bought by Cordea Savills for £5.6m
Clients of Harvey Spack Field have sold the freehold interest in Brook retail park, Hereford to Cordea Savills, for £5.6m reflecting a net initial yield of 6.39 per cent.
The 31,411-sq ft park is let to Lidl, Poundworld, Pets At Home and Poundstretcher off an average rent of £12 per sq ft and with a weighted average unexpired lease term of over 9.1 years.
The purchaser was represented by ESH.