Savills IM Purchases Matalan, Bury St Edmunds

 

Savills IM Purchases Matalan, Bury St Edmunds

Advised by ESH, Savills IM Charities Fund has acquired the Matalan unit on Eastlea Road, Bury St Edmunds. The property totals approximately 31,000 sq ft with 155 car parking spaces on a site of circa 2.4 acres. Matalan are secured on a lease for a further 12 years at a rent of less than £10.00 per sq ft and the property was acquired for £4.36 million reflecting a net initial yield of 6.90%.