Aberdeen Standard Investments has sold one of the largest Tesco supermarkets in Northern Ireland to a private investor for £27m – a 6% yield.
The entire 93,800 sq ft building, which was constructed in 2013, is let to Tesco for 25 years at a rent of £1.6m pa.
The property is located at the northern edge of Newry, on Downshire Road.
Aberdeen Standard Investments was represented by Savills Northern Ireland and Cleaver Fulton Rankin.
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