Aviva Investors Property Trust has sold the B&Q Warehouse in Coventry on Brandon Road, Binley Woods to IM Properties at a price of £19.45 million, reflecting a 7.4% NIY.
The site comprises 102,400 sq ft of space and includes a garden centre and builder’s merchant areas. It is let to the DIY chain until 2021 at a rent of £15.00 per sq ft.
CWM Out of Town acted for Aviva Investors and Wilkinson Williams advised IM Properties.
For further information please contact: