Hartnell Taylor Cook acting for Co-operative Estates has sold the freehold interest of a retail warehouse unit located close to Yate Town Centre to Helix Property Advisors on behalf of Harmsworth Pooled Property Unit Trust represented by Macarthur Wilson. The property was sold for £6,780,000 reflecting a net initial yield of 6.75%.
The standalone store is let to B&Q Plc on a 35 year lease which expires in August 2021, at a passing rental of £484,396 per annum. The property extends to 37,083 sq ft and B&Q has been in occupation of the store since it was built.
Located on the busy Station Road the property is within close proximity of the recently extended Yate Shopping centre. Yate is a thriving commercial centre located to the north of Bristol.
Hartnell Taylor Cook LLP represented the vendor and Macarthur Wilson represented the purchaser.
