Town Centre Securities have sold their freehold interest in the Currys PC World Megastore on Kingsway Retail Park in Derby. The property has a ‘restricted non-food’ planning consent and comprises a standalone purpose built retail warehouse unit totalling 20,078 sq ft with an extensive trading mezzanine. The unit is let to DSG Retail Ltd for a 25 year lease expiring in December 2022 at a rent equating to £17.02 per sq ft. Shipley Estates purchased the property for £5,015,000 which reflected a 6.44% net initial yield. Wilkinson Williams acted on behalf of Town Centre Securities and Bracebridge Consultancy acted jointly with Gerald Eve on behalf of the purchaser.
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