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Currys PC World Megastore, Derby
Client: Town Centre Securities

Currys PC World Megastore Image

We were instructed by Town Centre Securities to sell 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. Following a successful extensive marketing campaign several bids for the property were made resulting in Shipley Estates purchasing the property for £5,015,000 which reflected a 6.44% net initial yield, ahead of the asking price of £4,785,000.


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