ESH advises on sale of northern retail park

Edgerley Simpson Howe have advised their client on the disposal of Russell Street Retail Park in Darlington for a sale price of £1,800,000. The purchaser of the asset was London Cambridge Properties.

The scheme is let to Halfords and BHF Homestore at an average rent of £8.50 per sq ft, with a WAULT of 5 years to break and 7.5 years to expiry.