Altum Capital acquire Hough Retail Park

The scheme totals 101,975 sq ft of broadly bulky good retail space and has since benefitted from a number of further planning relaxations

ESH advised Altum Capital on their acquisition of the Hough Retail Park located on the A34 Litchfield Road, Stafford. The retail park is occupied by B&Q, Home Bargains, Bensons, Maplin, SCS and Argos and provides a long AWULT of over 10 years to expiry and 9.5 years to breaks.  The asset provides a total annual rent of £1,520,905 reflecting an average rent per sq ft of less than £15.00. Altum Capital purchased the freehold of the property for £21,050,000 reflecting a net initial yield of 6.77%.