A 6,000 sq ft retail development in the centre of Hatfield has been sold by regeneration specialist St Modwen.
The company has sold the retail parade at 88-96 Town Centre to a private investor for £1.45m, reflecting a net initial yield of 7.5 per cent.
The scheme includes five units totalling 5,774 sq ft, which were developed by St Modwen and tenants include Savers Health & Beauty, Coral, Fone Smart and Barnados.
St Modwen completed its redevelopment of the site, adjacent to the Asda food store, in 2014. The development also includes 15 town centre apartments, which were previously sold to a private investor.
The group's redevelopment of Hatfield town centre also includes units 17c and 17d, which overlook the town's central White Lion Square. Unit 17d has recently been let to Romanian foodstore specialist Rofood, while unit 17c is under offer.
Rupert Wood, regional director, Northern Home Counties at St Modwen, said: "The redevelopment has had a very positive impact on the town centre as a whole, which is attracting new occupiers and further investment is being undertaken by the local authority.
"It is St Modwen's strategy to sell completed developments where conditions allow and the proceeds from the transaction will be reinvested into new opportunities in the region."