Threadneedle purchase North Norfolk Retail Park

Threadneedle have purchased North Norfolk Retail Park in Cromer for £4,620,000, reflecting a 7.15% net initial yield.

The scheme comprises of 25,050 sq ft occupied by Argos, Halfords, Bennetts and Carpetright and rents are between £11.27 and £16.32 per sq ft. Planning consent consists of mainly bulky goods with some exceptions. ESH acted for the purchaser.