NewRiver REIT plc has sold Clough Retail Park in Hull to CGIS Hull Ltd for £11.2 million, reflecting 7.1% NIY. The property comprises a newly refurbished retail park totalling 88,500 sq ft with occupiers Currys PC World, Go Outdoors, Halfords, Staples, Costa Coffee and Smyths Toys. There is a WAULT of 9 years and an average rent of £9.40 per sq ft.
Wilkinson Williams advised the purchasers and Knight Frank acted for NewRiver.
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