Liverpool Image M&S ALDI

Liverpool: Queens Drive Retail Park

October 2021
Liverpool Image M&S ALDI
  • Food store investment let to Aldi and M&S Foodhall
  • Passing Rent: £506,000 per annum
  • Price: £10,200,000
  • Net Initial Yield: 4.65%

Acting on behalf of LondonMetric, Fawcett Mead are delighted to have advised on the sale of this well let food store investment in Liverpool.

The 29,000 sq ft property is let to M&S Foodhall until 2031 and Aldi until 2036, offering a WAULT of approximately 12.5 years.

Jonathan Mills commented "We were delighted to have completed on this off market sale to a well known food store investor who we targeted specifically for this asset. This follows on from the recent successful sales of M&S Foodhalls in Haslemere and Ferndown for LondonMetric, demonstrating the continued appetite for well let food store investments and is a further vote of confidence in the attractiveness of the M&S covenant."

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