Description de l'actif
Retail Park Investment Opportunity anchored by Wickes & Lidl
Caractéristiques de l'actif
Média
Points clés d'investissement
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
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