CBRE Global Investors has sold the freehold interest in Trimdon Street Retail Park, Sunderland to Eskmuir Group for £8,400,000, reflecting a net initial yield of 7.5%.
The scheme comprises a single retail terrace of three units totalling 42,831 sq ft and 175 car parking spaces. The units are occupied by Halfords, Currys and PC World with a combined annual rent of £671,376 and an average rent of £15.68 per sq ft. All leases expire simultaneously in March 2021, providing a WAULT of 5.75 years.
CBRE Global Investors was advised by ESH and Eskmuir Group was advised by MacLaren & Partners.
