Friday, May 19, 2023
RREEF sells Park 66, Bury, Manchester for £12.8m
RREEF, advised by Savills, has sold the freehold interest in Park 66, Bury, Manchester to a private client of Goldenberg & Co for £12.8m, representing an equivalent yield of 5.71%.
The 51,148 sq ft consists of a 30-lane bowling alley with three standalone restaurants, trading as Frankie & Benny's, Chiquito Ltd and Pizza Hut. The annual passing rent is £762,981 pa. The park lies adjacent to a scheme including Asda, MacDonalds and Travelodge.
Andrew McGregor of Savills leisure says: "The strong interest in this investment reflects the performance of the park itself as well as the entire leisure sector."
The 51,148 sq ft consists of a 30-lane bowling alley with three standalone restaurants, trading as Frankie & Benny's, Chiquito Ltd and Pizza Hut. The annual passing rent is £762,981 pa. The park lies adjacent to a scheme including Asda, MacDonalds and Travelodge.
Andrew McGregor of Savills leisure says: "The strong interest in this investment reflects the performance of the park itself as well as the entire leisure sector."
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