Acquired

Bridge Retail Park, Torquay

Acquired for £16,560,000

Property Type:
Commercial
Sub Type:
Retail

Description

National investments have completed on the acquisition of Bridge Retail Park, Torquay on behalf of Kames Capital’s Aegon UK Fund.

Bridge Retail Park was purchased on behalf of Kames for £16.56m reflecting a yield of 5.94%. The retail park is a prime, bulky goods scheme let to McDonalds, Dunelm, Pets At Home and Staples.

Torquay has a very constricted retail warehousing supply for the catchment and as a result there is significant pent up demand from retailers. The tenant audit revealed that all of the tenants on the scheme trade extremely well.

 

For further information please contact Dale Johnstone or Richard Lea