Fidelity have sold Parc Plaza, Bridgend for £6.9 million, reflecting a net initial yield of 6.57%.
The property forms a part of Bridgend's main retail warehouse location. It is a prime modern retail warehouse of two units totalling 40,712 sq ft let to Dunelm and Argos with a combined WAULT of 6.4 years.
Both units have mezzanine floors, Dunelm's being used for retail sales, and there is parking for 193 cars (1:211 sq ft).
The property produces a rent of £484,320 pa, reflecting a modest £11.90 psf overall and is rack-rented.
