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Out-of-Town Leisure and Retail Investment Acquisition

Client: Freshwharf Estates
On behalf of Freshwharf Estates, MMX Retail acquired Mabgate Junction in Leeds. We were then tasked by the client to source robust income-driven investments to generate a target return for the Family Trust.
Leeds

The Brief

On behalf of Freshwharf Estates, MMX Retail acquired Mabgate Junction in Leeds. We were then tasked by the client to source robust income-driven investments to generate a target return for the Family Trust.

The property comprises two neighbouring purpose-built retail units, constructed in 2017 and totalling 42,554 sq ft GIA, with 195 surface car parking spaces providing a ratio of 1:212 sq ft. The property was well let to Aldi, Pure Gym and One Below with unexpired terms of more than 10 years.

Key Stats

£10,250,000
Price
£565,691
Rent
5.20%
Net Initial Yield

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