Canterbury Retail Park sold

Riverside Retail Park, in the Wincheap area of Canterbury adjoining the M2, has been sold by a client of Cornerstone Real Estate Advisers to Mayfair Capital Property Unit Trust.

The park is let to B and M, Pets at Home and Staples, with unexpired lease terms of between 9 and 14 years. The purchase price of £8.514m reflected a net initial yield of 7%. Edgerley Simpson Howe LLP acted for Cornerstone, whilst MCPUT were advised by CWM. For further details contact Tony Rogers.