Unit 2, Mullbry Business Park, Shakespeare Way, Whitchurch SY13 1QR
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£715,000
Jun 2022
AP Investment has completed the purchase of a modern trade counter investment in Whitchurch for a private client.
The 7,725 sq ft unit is located on Mullbry Business Park in Whitchurch on a scheme which includes Toolstation and Screwfix.
The unit is let to Howdens on a 10-year lease from November 2014 off a low rent of only £4.87 per sq ft.
The price paid reflected a net initial yield of 5.0% with a potential reversion to nearer 7%.
Andrew Dixon & Company acted for the vendor.
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