END Clothing, 6-14 St Marys Gate, Manchester
St Mary's Gate, Manchester, M1 1PX, UK
2 763 mètres carrés
Description de l'actif
Middleway Retail & Leisure Park extends to 162,344 sq ft and is arranged across 11 units. The units comprise of a standalone cinema, 3 retail warehouse units, a bingo hall, two restaurants, two standalone drive thru’s and one drive to unit. The Park is arranged across a 14.0-acre site, which provides a very low site coverage ratio of 26%.
The property is anchored by a 9-screen cinema of 31,000 sq ft let to Cineworld, which occupies the southern section of the site.
Middleway currently benefits from four hours free parking making it a highly popular in-town scheme. Vehicular access to the property is via Guild Street. Middleway has a parking provision of 829 spaces, providing a low car parking ratio of 1:196 sq ft.
Aldi, which is situated to the north of the site, is sold of on a Long Leasehold for a period of 999 years (expiring September 3001). Both Aldi and B&M, which adjoins the Aldi store, benefit from there own parking provision accessed via independent entrances off Horninglow Street. An open walkway currently links the wider Middleway Retail & Leisure Park with these properties.
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Attributs
Prix demandé
19 871 000 $
Superficie du bâtiment brute
15 082 mètres carrés
Occupation
100 %
Année de construction
1990
Superficie du terrain brute
5,67 ha
Nombre d'unités
11
Taux de capitalisation
11,5 %
RNI
2 441 000 $
WAULT
9.4 années
Média
Points forts de l'investissement
- Dominant regional retail and leisure park serving a considerable catchment of 264,000 people within a 20-minute drive time
- Mixed-use 162,344 sq ft GIA comprising a standalone cinema, 3 retail warehouse units, a bingo hall, two restaurants, two standalone drive thru's, and one drive to unit. In addition, the freehold includes an Aldi supermarket sold off on a long leasehold (peppercorn rent)
- Total passing rent of £1,328,100 per annum, which reflects a low and affordable £9.51 per sq ft (excluding Aldi LLH)
- The weighted average unexpired term to expiry is 9.4 years and 8.2 years to break
- Let to leading national covenants including Sports Direct, The Gym Group, Cineworld, Nando's and Mecca Bingo
- Freehold site extending to 14.0 acres, reflecting a very low in-town site cover of 26%
- Anchored by a nine screen Cineworld who re-geared their lease in 2024, adding 10 years to their term and rebasing the rent to an affordable £100,000 per annum
- The park provides the dominant retail and leisure offering for Burton-upon-Trent and benefits from very limited competition
- Recent regears completed with the anchor tenants Matalan and Sports Direct, sustainably positioning the park for future use
- Multiple accretive asset management opportunities for an incoming purchaser to initiate
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Middleway Retail & Leisure Park, Burton-upon-Trent - Investment Sale (0 Propriétés)
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Dernière mise à jour
18 juin 2025
