Commercial Property News

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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."