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Wright and Partners to sell St Mark’s Place, Newark on Trent
Wed 1st June 2011
Wright & Partners has been instructed as sole agents in the sale of St Mark’s Place, the dominant shopping centre at the heart of this historic town. The uncovered centre comprises a total of 125,000 sq ft and includes the main town centre car park, providing 560 spaces. The centre has entrances onto prime Stodman Street and into the highly popular Newark market.
Key tenants include WH Smith, Wilkinsons, Clinton Cards, Barclays, Santander and New Look.
Kevin MacGarrow said “Our clients are seeking a price of £24 million for this valuable asset which shows an attractive net initial yield of 7.264%”.
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