Retail

Southport, PM+

Unit 12 Central 12 Retail Park, Southport, Merseyside, PR9 0TQ, UK

Southport, PM+_Property for Sale

Gallery

Southport, PM+ 2_Property for Sale

Asset description

Central 12 Retail Park is a modern, purpose-built retail park

which comprises a terrace of 10 retail warehouse units, which is bookended from the west by a 66,166 sq ft ASDA Superstore and a 22,871 sq ft The Range to the Eastern end.

The car park provides a total of approximately 636

spaces, which provides a very attractive ratio of 1:255 sq ft. The site has an area of approximately 13.32 acres, providing a low site coverage of 28%.

Attributes

Building area gross
162,143 sf
Year built
2000
Property Reference Number
41219232

Investment highlights

Southport is a large coastal town in the north west of England. It is the dominant shopping, leisure and tourist destination within the county of Merseyside, attracting 9 million visitors per annum.

• Central 12 Retail Park is the dominant grocery anchored park in Southport, occupying a strategic position within the centre of the town.

• Large catchment population of 125,045 people within 20 minutes’ drive time from the property

• Key tenants include ASDA Superstore, B&M, The Range, Boots and Next.

• 76% of the income is derived from ASDA, The Range and B&M. An AFL has been exchanged with B&M for a new 5-year lease which will see the merger of Units 1 & 2.

• Total passing rent of £2,457,638 per annum equating to an average rent of £15.16 per sq ft.

• The park has a number of viable asset management initiatives including leasing vacant units, replacing Tenancies at Will with incoming producing occupiers and

the potential construction of an A3 pod on the car park.

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 15, 2022