Green & Partners acquired the Sports Direct in St Nicholas Centre, Sutton for AEW.
The property forms an integral part of the scheme, located in a highly prominent position beneath Primark. The property provides a modern, purpose built store arranged over ground and basement level. The ground floor predominantly offers well-configured retail accommodation, whilst the lower ground level offers ancillary and storage accommodation.
St Nicholas Centre is a fully covered shopping centre, built over three levels, and provides 375,000 sq ft of prime retail accommodation. The centre was constructed in 1992, but has recently received an extensive refurbishment.
The deal completed in January 2018 at a price of £1,500,000 reflecting a Net Initial Yield of 9.10%. For more information, please get in touch with Ed Smith or Patrick Over.