St Johns Retail Park, Taunton

St. Johns Retail Park, Priory Way, Taunton, Somerset, TA1 2BB

描述

Constructed in 2001, St John’s Retail Park comprises a modern purpose built retail scheme totalling 40,519 sq ft (3,764 sq m) across two units. Both units are of steel portal framed construction, with brick and blockwork infill and steel profile clad and glazed elevations. The roofs are pitched and profile clad, with approximately 10% roof lights and has an eaves height of circa 6.0 metres.

Unit 1 (DFS) is of steel portal framed construction, with brickwork or steel profile clad outer leaf and blockwork inner leaf walls with a maximum cleared eaves height of 6.0 metres. The front façade benefits from glass profile cladding, providing excellent natural daylight. The tenant refurbished the unit in 2020 to provide majority customer sales area with rear loading access via a secure yard with 3 roller shutter doors.

Units 2 & 3 (Go Outdoors) is of steel portal framed construction, with brickwork or steel profile clad outer leaf and blockwork inner leaf walls, with a maximum cleared eaves height of 6.1 metres. The unit benefits from majority customer sales area with limited staff ancillary facilities on ground and mezzanine levels.

Loading facilities are contained within an open yard area with part security fenced loading bay with roller shutter access. The tenant installed a mezzanine totalling 10,778 sq ft and fitted out the unit on the lease commencement date.

At the front of the units is a tarmacadam customer car park providing approximately 199 parking spaces, including 7 disabled bays, giving a parking ratio of 1:195 sq ft (inclusive of 7 disabled bays).

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特性

建築物面積 (建築面積)

40,519 平方呎

使用／出租率

100%

WAULT

9.42 年

叫價

HK$69,418,000

媒體

投資亮點

With a population of 70,000 and serving a wider catchment of over 200,000, Taunton is the administrative centre of Somerset.
The property extends to 40,519 sq ft (3,764 sq m ) GIA
5,617 acres (2.273 hectares) site reflecting a low site coverage of 16%
Let to DFS and Go Outdoors with a WAULT of 9.42 years to lease expiry (6.86 years until break)
Current passing rent of £537,752 per annum equating to circa £13.27 per sq ft overall
Freehold

We are instructed to seek offers in excess of £6,500,000 (Six Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.76% (assuming purchaser's costs of 6.64%), equating to a Low Capital Value of only £160 sq ft.