Retail Park in Shepton Mallet sold by Aviva

Retail Park in Shepton Mallet sold by Aviva

Townsend Shopping Park in Shepton Mallet has been sold by Aviva Investors. Having traded the Tesco unit out separately to Tesco themselves the remainder of the terrace, let to Argos, Boots, Sports Direct, New Look, Laura Ashley, Pets Corner, Carphone Warehouse and Costa, has been sold for £8.35 million. The terrace sits adjacent to the Tesco foodstore and provides a WAULT of 5.3 years to expiry (4.4 years to breaks) at an average rent of £15.87 per sq ft.

ESH acted for the seller.