Stafford, PM+_Property for Sale
Stafford, PM+_Property for Sale
Madford Retail Park, Stafford, Staffordshire, ST16 2QY, UK

Stafford, PM+

Asset Description

Retail Park Investment Opportunity anchored by Wickes & Lidl

...

Attributes

Asking Price
A$14,137,000
Building area Net
7,897 m²
Occupancy
90.00%
Year built
2000
Property Reference Number
200001336711
Cap Rate
8.49%
NOI
A$1,282,000

Media

Investment Highlights

Stafford is the county town of Staffordshire, located 24

miles to the North West of Birmingham and 47 miles

South of Manchester. It is projected to see above average

population growth over the next 5 years

• Prominently situated off Foregate Street (A34) and

the newly created Pans Road bypass, with Sainsbury’s

supermarket and Market Square to the south and

Kingsmead Retail Park to the west

• 76,095 sq ft of retail and 8,909 sq ft of office accommodation

across ground, first and second floors

• Large catchment population of 206,892 people within 20

minutes’ drive time of the property

• Fully let retail scheme with strong covenants including

Wickes, DSG (Currys), Lidl and Pen Parc. The scheme

includes a number of smaller retail units let to local

independents and vacant office space

• 61% of the income is derived from Wickes & DSG. Wickes

have recently demonstrated their commitment to the

scheme through regearing their lease to 2031

• Total passing rent of £787,325 per annum, equating to

an affordable average rent of £10.35 (based on the total

retail accommodation)

• Open A1 (part-food) planning permission

• Freehold

Contact brokers

Stafford, PM+ (0 Properties)

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Last updated
23 Jun 2023