On behalf of clients, British Steel Pension Fund, Wilkinson Williams acted in the sale of their long leasehold interest in Prestige Retail Park, Burnley.
The property comprises 40,138 sq ft and is fully let to Currys PC World, Bensons for Beds and Oak Furniture Land. It adjoins a 62,000 sq ft Sainsbury’s foodstore.
The purchase price was £6.5 million, which reflects a net initial yield of 7.30%.
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