Investment sale of Balby Park, Doncaster
June 1, 2018
The park comprises a drive-thru restaurant let to McDonald’s Restaurants Limited and a health and fitness club let to Doncaster Culture & Leisure Trust. Providing income security for an average weighted unexpired term of over 14.5 years, a sale price of £3,000,000 was achieved reflecting a Net Initial Yield of 6.11%.
Lawrence Telford, Director of Coffer Corporate Leisure said “This high-quality asset attracted substantial interest from institutional and private investors alike, reflected in the strong price agreed. Demand for this type of leisure asset remains very strong – particularly for long-let, drive-thru restaurants in strong locations which offer great potential for rental uplift”.
Coffer Corporate Leisure acted on behalf of the Vendor, a private investor. Christie & Co acted for the Purchaser, a private investor.