Property overview

Matalan Distribution Warehouse, Curver Way, Corby

sold

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£15,250,000
May 2010

Franck-Steier Price have recently concluded the sale of a distribution warehouse let to Matalan in Curver Way, Corby on behalf of an institutional client.

The property comprises two warehouses and a separate office block totalling 33,002.60 sq.m (355,269 sq.ft).

The property is let to Jaymax Ltd with a guarantee from Matalan Plc on a lease expiring 31st July 2014. The passing rent is £1,500,000.

The purchaser was a private investor who paid a price of £15,250,000 reflecting a net intial yield of 9.30% assuming costs of 5.7625%