UBS Asset Management Acquires Retail Property In Hinckley, Leicestershire For £45M
20 Rugby Rd, Hinckley Le10 0 Qd, Uk
$45,000,000
$428/SF
Building Size
105,000 SF
Asset Type
Retail
Closing
Nov 11, 2020
AI
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.
Players
Hinckley and Bosworth Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93