Description

Sunbury Cross is a grocery anchored convenience shopping centre occupied by Marks and Spencer located in the affluent Surrey borough of Spelthorne offering direct train links to London within 35 minutes.

The asset provides 64,631 sq ft of retail accommodation arranged across 19 units, occupying a prominent 1.31 acre site immediately adjoining Junction 1 of the M3. The units within the scheme are predominantly ground floor only, with the exception of The Gym, Costa Coffee and KFC which extend to first floor level above units 13-15. There are 484 parking spaces at Sunbury Cross which are split between a 400-space MSCP and 84 surface level spaces adjacent to the units.

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Attributes

Building area net

6,004 m²

Occupancy

97.8%

Number of units

WAULT

3.9 years

Media

Investment Highlights

Freehold site.
Well positioned at Sunbury Cross in Sunbury-on-Thames, Surrey, immediately adjoining Junction 1 of the M3 and within a 4-minute walk from Sunbury Train Station.
Key occupiers include Marks & Spencer, The Gym Group, Halfords, Boots, KFC and Farmfoods.
64,631 sq ft of retail accommodation arranged over 19 units including a 400-space multi-storey car park, as well as a further 84 surface car parking spaces.
Net operating income of £1,094,514 per annum reflecting a low passing rent of £16.93 per sq ft.
WAULT of 3.90 years to expiry and 3.70 years to breaks.
Asset management opportunities to maximise rental income on the back of positive recent lease renewals and ongoing interest.
Further opportunities to maximise car parking income and capitalise on roadside value-add initiatives.