Aberystwyth: Parc Y Llyn Retail Park
XPROP advised DTZ investors on the sale of Parc-Y-Llyn Retail Park, Aberystwyth for £7,750,000, reflecting 8.7% on the £720,902 pa contracted income.
The scheme totals 87,916 sq ft of lettable floor space arranged across seven units. It is let to five tenants with a WAULT of 3.9 years to expiry. The freehold site is approximately 8.64 acres and is dominant in Aberystwyth, benefitting from its proximity to a large Morrisons supermarket and other roadside uses. Many of the retailers have been in occupation over the long-term, serving the town’s self-contained shopper catchment as well as a wider draw.