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Modern and attractive food dominated retail park

Macclesfield, United KingdomUnlock address

84%

£22.750.000

Retail

#35152

Core

2 Oct 2024

Property Details

Broker

For sale

79,122 sq.ft.

7,351 m²

Leasable area

287.53 £/sq.ft.

3,094 £/m²

5.50 %

7

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Modern and attractive food dominated retail park constructed in 2022 providing approximately 79,112 sq ft with 325 car parking spaces (1:243 sq ft). Prominent, accessible and visible location a short distance from the town centre immediately adjacent the A523 - “The Silk Road” and a busy Tesco. Fully let to Aldi, M&S, B&M, Farmfoods, Costa, KFC and BP Pulse. Attractive WAULT of 14.3 years to expiry and 12.9 years to break. 30% of the income benefits from RPI indexation and 100% of the income secured to “low risk” covenants. 57% of the total income from food retailers (Aldi, M&S and Farmfoods). Total passing rent of £1,336,760 per annum equating to an affordable average rent of £16.90 per sq ft.