Nuveen markets £17.8m Livingston retail park
Nuveen has placed Almondvale Retail Park in Livingston on the market with an asking price of £17,750,000, reflecting a net initial yield of 9.75%.
Situated approximately 16 miles west of Edinburgh, Almondvale Retail Park extends to around 110,820 sq ft and is home to retailers including Currys, Pets at Home, Hobbycraft, Dreams, SCS, Bensons for Beds, Tapi, and Halfords.
The scheme is also supplemented by 519 customer parking spaces.
The retail park produces a total rent roll of over £1.8m per annum – representing an average of £16.25 per sq ft – and has a weighted average unexpired lease term of 4.4 years to expiry.
Almondvale Retail Park sits within a large retailing cluster, located in close proximity to the likes of Almondvale West Retail Park, Almondvale South Retail Park, Livingston Retail Park, Dedridge North Retail Park, Livingston Designer Outlet, and The Centre Livingston.
Nearby supermarket retailers include Sainsbury’s, Morrisons, Asda, Aldi, and Lidl.
Rosebury Real Estate has been appointed to find a suitable buyer for the scheme.