Mayfair Capital, advised by ESH, have sold the 24,780 sq ft Dunelm in Middleway, Birmingham for £4 million to Henderson Global Investors. The purchase price reflects a net initial yield of 7.44%.
The property is prominently located on the city centre ring road and benefits from an open A1 non-food planning consent. The rent is £314,670 per annum, equating to £12.70 per sq ft and there is approximately 8 years unexpired.
Gerald Eve advised Henderson.
For further details contact Michael Radcliffe.