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Prime supermarket anchored retail warehouse investment

Chester, United Kingdom

86%

£53.665.000

Retail

#34466

Core+

5 Nov 2024

Property Details

Broker

Deactivated

176,198 sq.ft.

16,369 m²

Leasable area

304 £/sq.ft.

3,278 £/m²

7.25 %

12

Freehold

X

Fees

0.00 %

0.30 %

0.00 %

0.30 %

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.