Invista buys Leicestershire retail park
Published: 13 September, 2010
Invista Real Estate Investment Management has bought the Nottingham Road retail park in Ashby de la Zouch, Leicestershire from Morbaine for £8.26m. The sale price represents a net initial yield of 6.25 per cent.
The property comprises two new retail warehouse units totalling 33,920 sq ft. The property is fully let to Wickes Building Supplies and Pets at Home for another 18.4 years. The property provides a current rental income of £545,980 pa and the Wickes lease has guaranteed RPI uplifts.
Invista Real Estate Investment Management was represented by Hartnell Taylor Cook.
Morbaine was represented by BNP Paribas Real Estate.
