Wilkinson Williams

Press Release

Investment sale of Homebase and Carpetright units at Waterglade Retail Park, Clacton

Wilkinson Williams acted for private property company vendors in the sale of the Homebase and Carpetright units to Aberdeen Asset Management for a price of £11 million. The development totals some 54,500 sq ft and is let on leases to Carpetright and Homebase with 17 and 10 years unexpired respectively. Passing rents are £17.50 per sq ft for Carpetright and £12.00 per sq ft for Homebase.

The price reflected a net initial yield of 6.25%.

Strutt & Parker acted for the purchasers.

For further information please contact Paul Wilkinson

p.wilkinson@wilkinsonwilliams.co.uk