The park was sold for £11,000,000 after the charity regeared Boots’ lease for an additional 10 year term
The John Lyons Charity have disposed of their freehold interest in Wincheap Retail Park, Canterbury. The park was sold for £11,000,000 after the charity regeared Boots’ lease for an additional 10 year term, providing an overall WAULT of 6.75 years with no breaks. The 35,809 sq ft scheme is occupied by Boots, Mothercare, Argos and Carphone Warehouse and has an open A1 non-food planning consent. It is positioned on the south side of Canterbury City Centre, close to the A28/A2 intersection and adjacent to a Morrisons foodstore. The annual income of £744,344 shows the sale to reflect a net initial yield of 6.34%.
ESH acted for John Lyons Charity in both the regear and the sale.