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Modern open air shopping centre

Maidstone, United Kingdom

82%

£25.000.000

Retail

#34795

Core+

27 Oct 2024

Property Details

Broker

For sale

350,000 sq.ft.

32,516 m²

Leasable area

71 £/sq.ft.

768 £/m²

10.35 %

50

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Dominant successful shopping centre let to a vibrant mix of mass market and aspirational retailers. Key tenants include H&M, Boots and River Island and the centre has a strong F&B line up including Five Guys, Pizza Express and Taco Bell. Open air, modern single level scheme. Multi-brand Frasers flagship store, including Frasers, Flannels and Sports Direct, re-anchoring the scheme and currently undergoing extensive refurbishment, due to open in the Autumn of 2024. Includes the town’s primary car park, providing 760 spaces and subject to fixed annual uplifts. Offers a range of opportunities to substantially grow income. The property benefits from a gross income of £4,298,835 per annum and a net income of £2,771,209 after the deductions of landlord shortfalls.