Property group sells Homebase site for £4.765m

Have your say

LEEDS-based Gregory Property Group has sold its retail warehouse investment in central Burnley for £4.765m, reflecting an initial net yield of 6.69 per cent.

The 25,000 sq ft property at Ashfield Retail Centre is leased to Homebase at a rent of £337,500 per annum with over 15 years unexpired until May 2029.

The property, on the site of a former car showroom, has been bought by an unnamed retail fund.

HE Syed Ibne Abbas the Ambassador of Pakistan, speaking in Bradford17th August 2017 ..Picture by Simon Hulme

UK plans to deepen trade ties with Pakistan after Brexit