Consolidated Property Group have sold Kingsley Village Shopping Park for £28 million.
Consolidated Property Group have sold Kingsley Village Shopping Park in Cornwall for £28 million, reflecting a yield of 5.35%.
Kingsley Village is Cornwall's premier retail park, located immediately to the north of the A30, the principal arterial route through south west England.
The park is let to M&S, Next, TK Maxx, Boots, Mountain Warehouse and Starbucks, at an annual rent of £1,620,101 pa. The tenants report exceptional levels of trade.
The property has a WAULT of 12.41 years (9.25 years to breaks).
