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Plymouth attracts competitive bidders

18th October 2017

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GCW has agreed a retail warehouse investment sale in Plymouth for CBRE GI to Custodian Capital, at £7.487 million showing a net initial yield of 6.73%.

The property forms part of Coypod Retail Park, a first generation retail park with a cluster of out-of-town retail warehouses, situated on the principle route into Plymouth city centre. It includes warehouses held on new leases and let to ScS and Oak Furniture Land and a drive thru unit let to McDonalds until 2031.

“We knew that the underlying fundamentals of this investment were strong and that there would be significant interest. We went to best bids and within a week had six offers. It ensured we achieved a strong sales prices,” says GCW director Fiona Nichols. 

Contact fiona.nichols@gcw.co.uk

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