LaSalle Investment Management have purchased Huntingdon Retail Park, Huntingdon, PE29 7DZ for £16.01 million plus a further payment on completion of a unit pre-let to Costa Coffee. The park extends to 65,000 sq ft, has generally a bulky goods consent and is let to B&Q, Pets at Home, Poundstretcher and Staples at an average rent of £16.00 per sq ft, with a WAULT of just over 7 years. The price reflects NIY of 6.16% NIY. Morgan Williams acted for the purchasers, and the vendors, Churchmanor and St John’s College, were advised by Savills and Wilkinson Williams.
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