Evolve Estates has sold an Asda store at the Carters Square retail park in Uttoxeter, Staffordshire, for £5.6m, 5% up on the asking price.
Ormiston Trust, a London-based charity, bought the 31,266 sq ft store, including a 165-space car park. It was first marketed by Cited Property in April this year, targeting offers over £5.3m.
The food store and car park are let on two separate leases to Asda for a term of 30 years with no breaks until March 2044, generating a passing rent of £381,702 per annum.
