Freehold Dominant Convenience Shopping Centre

Property extends to 157,186 sq ft (14,603 sq m). Total gross rent of £1,481,400 per annum. Landlord shortfalls of £130,415 per annum. Total net rental income of £1,350,985 per annum. Key occupiers include Next, Boots, Esquires, Superdrug, Shoezone, Iceland and My Dentist. 92% of income derived from National Covenants. Successful diversification of income over recent years, ensuring the sustainability of the scheme into the future. Boots and Next equate to 28% of total gross rent. Significant Freehold title extending to a total site area of 2.6 acres (1.06 hectares). Robust WAULT of 3.55 years, with 66% of income secured against tenants with over 2 years unexpired. The opportunity to redevelop in the medium term on part of the site to incorporate a variety of alternate uses alongside a proactive local authority. Lancaster is an affluent and growing city, with population growth of 9.2% forecast between 2018 and 2043.