Wilkinson Williams have sold, on behalf of TH Real Estate, the Dunelm unit in Shoreham-by-Sea. The property was sold for a purchase price of £5.55 million, reflecting 6.10% NIY.
The unit totals 24,780 sq ft, with 99 car parking spaces. The property was let to the D&B rated 5A1 covenant of Dunelm (Soft Furnishings) Limited with 6 years unexpired. The current rent was low, compared with other rents in the area, at £360,600 per annum, reflecting £14.55 per sq ft, with good prospects for an uplift at the 2017 rent review.
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