Hill Samuel Property Unit Trust has paid Wimpey Developments £3.05m for the long leasehold of five retail units in Motherwell, Scotland. The deal reflects an equivalent yield of 8.75%.
The properties in Brandon Parade South generate £274,000 pa, before 10% gearing. Tenants include New Look and Thorn High Street Properties.
Grimley and Hill Samuel Asset Management acted for the HSPUT, while Smith Cole Wright advised Wimpey.
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Including:
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The centre was put on the market in October 2024
