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UBS Asset Management Acquires Retail Property In Hinckley, Leicestershire For £45M

Property Image
SOLD
$45,000,000

England

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Retail105,000 SF
Sold 11/12/2020
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Property Image
SOLD

UBS Asset Management Acquires Retail Property In Hinckley, Leicestershire For £45M

20 Rugby Rd, Hinckley Le10 0 Qd, Uk

See Similar Deals
Retail105,000 SF
Sold 11/12/2020

Summary

Asset Type:Retail
Price Per Square Foot:$428
Total Square Footage:105,000 SF
Transaction Type:Sale

The retail property at 20 Rugby Road in Hinckley, Leicestershire has been sold for a total price of £45,000,000. The asset spans a total area of 105,000 square feet, resulting in a price per square foot of £429. The transaction took place on November 12, 2020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: £45,000,000
  • Address: 20 Rugby Road, Hinckley, Leicestershire
  • Market: Hinckley, Leicestershire
  • Buyer: UBS Asset Management – Gijsbert van Riemsdijk
  • Seller's Representative: Cushman & Wakefield & Prime Retail
  • Buyer's Representative: GCW

UBS Asset Management, represented by Gijsbert van Riemsdijk, served as the buyer for this transaction. The seller was represented by Cushman & Wakefield & Prime Retail. The buyer's representative in the deal was GCW.

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BUYER

Details

SOLD
IMAGE: IMAGE: Gijsbert van Riemsdijk⁠ DATE: 11/12/2020⁠ ADDRESS: 20 Rugby Road⁠ MARKET: Hinckley, Leicestershire⁠ ASSET TYPE: Retail⁠ ⁠ BUYER: UBS Asset Management – Gijsbert van Riemsdijk⁠ SELLER’S REP: Cushman & Wakefield & Prime Retail⁠ BUYER’S REP: GCW⁠ ⁠ SALE PRICE: £45,000,000⁠ SF: 105,000 ~ PPSF: £429⁠ ⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50