Topgolf & Puregym Glasgow
10 Duchess Place, Rutherglen, G73 1DR, UK
46 484 000 $ | 5 734 mètres carrés
Description de l'actif
Originally owned by the Taylor Family and rebuilt by the Lloyd Family in the early 2000’s, Endsleigh Garden Centre is one of the largest retail destinations in Devon and the South-West. Blue Diamond took over its ownership from Wyevale Garden Centres in 2018 and have grown revenue & EBITDA significantly over the subsequent 7-year period. The centre comprises of a central glasshouse construction with external retail & polytunnels to the east of the property. To the west is a large modern Restaurant with outdoor dining facilities and further external concession trading space. To the south is internal retail floorspace, on-site staff offices and a significant service yard. Endsleigh benefits from a significant car park of c. 500 spaces to the front of the scheme, which is accessed by an access road from the A38 and the B3213 interchange.
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Attributs
Superficie du bâtiment nette
7 825 mètres carrés
Occupation
100 %
Année de construction
1985
Média
Points forts de l'investissement
- Opportunity to acquire one of the UK’s top performing garden centres, let to the UK’s leading operator, Blue Diamond UK Limited
- Located in the town of Ivybridge, Devon, approximately 9 miles east of Plymouth, 34 miles south of Exeter and 116 miles west of Bournemouth
- The 84,227 sq ft garden centre is fully let to Blue Diamond UK, with a long unexpired term of 18.7 years, and guaranteed by Blue Diamond Ltd
- Total passing rent of £1,212,810 per annum, reviewed 5-yearly to the higher of Open Market or RPI with a 0%-4% collar and cap. The vendor will top up the passing rent to the forecast December 2025 rent of £1,463,019 per annum. The next review thereafter is in December 2030
- Expected reversionary yield of 8.65% in 2030, rising to 9.62% in 2035
- Large prominent freehold site of 14.13 acres, immediately adjacent to the A38 Devon Expressway, linking Plymouth and Exeter
- 41st best trading garden centre in the UK by turnover (2023), with significant capital expenditure invested into the asset over the prior 5 years
- Good alternative use potential from Industrial and Residential uses, with a significant population of 146,000 within 15-minute and 291,000 within 20-minute drive times
Contactez les courtiers
Endsleigh Blue Diamond Blackrock (0 Propriétés)
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Dernière mise à jour
16 juin 2025
