Jan 17 2011
Metric has exchanged on Channons Hill Retail Park, Bristol for £6.25 million, reflecting a net initial yield of 9.3%. The park comprises 63,000 sq ft of Open A1 space with an average unexpired lease term of 4.5 years. The park is let to Currys, Lidl and Focus off low average rents of £9.80 psf. Metric will use its existing cash resources to finance the purchase.
The full announcement can be found in the attached file.
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