Thursday, April 20, 2023
Ayr Central Retail Park sold
Acting on behalf of WG Mitchell Limited, Culverwell (0131 2266611) has recently concluded the sale of Central Retail Park, Allison Street, Ayr at a price of £3.55 million, reflecting a net initial yield of 5.94%.
The second phase of the retail park comprises 15,200 sq ft and is let to Pets at Home Limited, DP Realty Limited, Salon Services, Video Drive In Limited and Floors 2 Go plc. Existing occupiers on the park include Lidl and Brantano Footwear.
The multi-let retail investment has a total rental income of £223,154.50 per annum. The purchaser, MRC Pension Trust Limited was represented by Eric Young & Company.
The second phase of the retail park comprises 15,200 sq ft and is let to Pets at Home Limited, DP Realty Limited, Salon Services, Video Drive In Limited and Floors 2 Go plc. Existing occupiers on the park include Lidl and Brantano Footwear.
The multi-let retail investment has a total rental income of £223,154.50 per annum. The purchaser, MRC Pension Trust Limited was represented by Eric Young & Company.
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