Edgerley Simpson Howe LLP

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Recent investment Transaction

Trimden Street Retail Park, Sunderland, sold to Eskmuir Group for £8.4m - June '15

22nd June 2015

CBRE Global Investors have sold the freehold interest in Trimdon Street Sunderland to Eskmuir Group for £8,400,000, reflecting a net initial yield of 7.5%. The scheme comprises a single retail terrace of 3 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 were advised by ESH and Eskmuir Group were advised by MacLaren & Partners.