£53.665.000
Confirmation
Prime supermarket anchored retail warehouse investment
Property Details
Broker
For sale
176,198 sq.ft.
16,369 m²Leasable area
304 £/sq.ft.
3,278 £/m²7.25 %
12
Freehold
Fees
Investment Overview
Prime supermarket anchored scheme of 12 units totalling 176,198 sq ft, with 844 parking spaces (1:209 sq ft). Freehold site of 16.3 acres. Flexible Class E planning permission allowing the sale of both food and non-food goods. Fully let with an attractive line up of national multiple retailers. Total rent of £4,155,341 pa (£23.58 psf). WAULT of 8.6 years to earlier of tenant break or lease expiry. The property offers a number of asset management opportunities to enhance value. Tenants trade well from the scheme. There is strong occupier demand for representation on the scheme.
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