Aberdeen Standard Investments sells foodstore and district centre in Altrincham

Aberdeen Standards Investments has sold the freehold interest of the Waitrose & Partners foodstore, Altrincham to a council purchaser for £11.65m, reflecting a net initial yield of 5.15%.

The property on Draybank Road in Broadheath extends over 39,000 sq ft and also features six self-contained shop units let to a variety of occupiers.

ESH acted for Aberdeen Standard Investment and ADSRE acted for the purchaser.