Purpose built retail warehouse park

Purpose built retail warehouse park providing c.128,000 sq ft split between a linear terrace of 10 retail units, ranging from 7,500 sq ft to 22,100 sq ft. Approximately 580 car parking spaces providing a low ratio of 1:221 sq ft with a total site area is approximately 8.78 acres (3.55 ha)giving a low site cover of approximately 33%. Let to a strong and versatile tenant mix including Aldi (new letting), Food Warehouse (new letting), Boots, T K Maxx, Next, Poundland, Hobbycraft, My Dentist (new letting), Tui and Barnardo’s. Majority of income secured to ‘Minimum’ or ‘Lower than average risk’ covenants. Flexible planning consent allowing the sale of food in part. Low average rent of approximately £17.84 per sq ft and above average WAULT of 7.8 years. Asset management potential including the creation of new units, drive to pod as well as building on recent letting activity through lease re-structuring.