CBREGI sell Wickes and Bensons in Redditch for £7.56m

Following a new letting to Bensons, the Wickes and Bensons in Redditch have been sold by CBREGI for £7,560,000 reflecting 6.79%.

The asset provides an unexpired term of 11.30 years or 10.25 years to breaks and totals 37,423 sq ft. The scheme has an open A1 including food planning consent and provides the purchaser with an annual income of £547,381, equating to an overall rate per sq ft of £14.63.

ESH acted for CBREGI on the Bensons letting and the sale.