Street Retail Park, Street

• Multi let retail warehouse investment opportunity, developed in 2017, let to three strong covenants 
• Located on the outskirts of Street in Somerset, adjacent to the town of Glastonbury
• Situated less than one mile from the well-established Clarks Village outlet shopping centre
• Accessed via the A39 (Westway), the major road running through Street and located adjacent to Sainsbury's superstore and Lidl  
• Two retail warehouses split into three separate units totalling 36,261 sq ft (GIA basis)
• Total site area of 3.91 acres (1.58 hectares), including circa 165 car parking spaces
• Let to TJ Morris Limited t/a Home Bargains, Pets at Home Limited and Iceland Food Warehouse
• All three tenants reflecting a strong Dun& Bradstreet covenant strength of 5A2
• Total net income of £478,000 per annum, reflecting £13.73 per sq ft overall
• Average weighted unexpired lease term of 6.6 years to expiry 
• Freehold tenure

Offers are sought in excess of £6,000,000 (Six Million Pounds), subject to contract and exclusive of VAT. This reflects a Net Initial Yield of 7.47% and a low capital value of £165.47 psf, assuming purchaser's costs of 6.63%