Abrdn disposes of fully let East Midlands retail park

A managed fund of Abrdn, represented by Edgerley Simpson Howe, have disposed of the long leasehold interest in Augustin Retail Park in Grantham for £3,800,000.

The property extends to 32,606 sq ft of flexible retail warehouse space let to Next, Sports Direct, Iceland, Poundland and Pets at Home. The rent range is from £11 – £18 per sq ft and the purchaser will receive an initial return of approximately 8.5%.