Claygate Distribution Centre, Marden
Claygate Distribution has completed a sale and leaseback of its distribution centre in Marden in...
Sainsbury’s, 66 Cornard Road
Sudbury, CO10 2XB
Cyril Leonard advised private Clients of Mutual Finance on the purchase of this 66,000 sq ft Sainsbury’s food store in Sudbury, Suffolk for circa £35.5m reflecting a Net Initial Yield of 4.72%.
The property was purchased off market from Alpha Real Capital LLP. The lease to Sainsbury’s had just over 18 years unexpired and the rent of circa £1,800,000 pa is reviewed annually in line with RPI with a cap and collar at 1% and 3%. The acquisition was funded for the client with a combination of debt and equity.
| Location: | Suffolk |
| Type: |
Retail
|
| Value: | £35.5m |
| Service(s): |
Acquisitions & Disposal
|
