Prestbury have bought the London Road Retail Park in Maidstone from Aviva Investors for £18.605 million, reflecting a yield of just below 7%. The park generally has an open non-food consent and comprises some 75,000 sq ft, with occupiers Dunelm, Home Bargains, Argos, Jollyes, Dreams and Poundland. The average rent is £18.43 per sq ft, with an 8 year WAULT.
Cushmans acted for the vendor and the purchaser was advised by Wilkinson Williams.
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