Property News - Wishaw park is sold for £18.9m

Chester Properties has sold the Caledonian Retail Park at Wishaw in north Lanarkshire for£18.9 million.

The 12,560 sq m park comprises nine units let to Homebase, JJB Sports, Matalan, General George Carpets, Poundstretcher, Powerhouse, Brantano, What Everyone Wants and Brunswick Warehouse.

The sale price reflects a 6.5 per cent initial yield on a passing rent of£1.29 million per annum.

FPDSavills represented Chester Properties.