Property overview

Barton Marina, Barton Under Needwood, DE13 BDZ

sold

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£2,300,000
Jun 2021

Acting jointly with Rushton Hickman, the sale of a multi-let retail investment at Barton Marina, Barton under Needwood.

 

The property formed part of an established marina complex and part of a wider leisure destination with walking trails and fishing lakes.

 

The 2008 built thirteen retail unit terrace with first floor office suite fronted onto the 300 berth marina basin. There is a large public walkway to the front of the units and communal parking to the rear.

 

The property comprised a total of 16,901 sqft of ground floor retail sales and ancillary first floor accommodation. The property was fully let to 12 independent trader tenants with a AWULT of 4.5 years to expiries. The total rent roll was £220,600 per annum.

 

The property was purchased by a private investor for £2,300,000 which reflected a net initial yield of 9%.

 

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St Pauls