Regional foodstore anchored shopping centre

Dominant regional foodstore anchored shopping centre, situated 2 miles to the east of Glasgow city centre. The scheme benefits from an extensive catchment extending to over 734,000 people within a 20 minute drive time. The centre extends to 454,957 sq ft (42,267 sq m) comprising a 124,000 sq ft foodstore and petrol filling station, 87 retail units, drive-thru restaurant, multiplex cinema and 1,600 vehicle car park. Total site area of 37.75 acres (15.28 hectares). Asda provides an exceptionally long let foodstore anchor with 91.4 years unexpired. 96% of floorspace is currently let. 62% of the gross income is secured from national operators. 30% of the gross income is secured from the top 6 tenants in the scheme. Total gross income of £3,118,241 per annum (Net Operating Income of £2,580,848 per annum). Attractive WAULT of 10.6 to expiry and 9.7 years to break. Low service charge of £6 per sq ft. Heritable interest (equivalent to English freehold). Large car park directly controlled by the freeholder offers the potential for future redevelopment including the addition of another drive-thru pod, hotel or residential (subject to necessary consents).