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GCW completes UBS Taunton sale

24th April 2018

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GCW has sold a prime retail investment for UBS Asset Management (UK) on Taunton’s popular Fore Street for £4.895 million reflecting a net initial yield of 5.75%.

The property is a 33,500 sq ft prominent store let to TK Maxx on a lease expiring in 2031. Interest in the sale was strong due to both the quality of the occupier and the prominent location within the town.

“We are really pleased with the result and the sale caught people’s imagination. It is a small asset which had just undergone a regear of the lease so it was logical timing to dispose of the property,” says GCW director James Pearson.

This is GCW’s second disposal for UBS following the sale of a block in Swansea late last year.

MORE INFORMATION FROM james.pearson@gcw.co.uk

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