The Clock Towers Shopping Centre, Rugby

The Clock Towers Shopping Centre, Rugby

Transaction

Sale

Description

Former store on ground and first floors, with service yard to the rear of the shopping centre.

Size

41,700 sq ft / 3,874 sq m

Tenure

Long leasehold

Tenancies

Let to J Sainsbury Plc with full privity of contract for a further 92 years at a current rent of £345,000 per annum, which reflects £8.27 per sq ft overall. the store has now been assigned to B&M Retail Ltd.

Price

£6,650,000, net initial yield 4.90%

Client

Private overseas investor

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HP Four
128 Wigmore Street,
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