Meadowlands Retail Park Meadowlands, March, PE15 8HA

March is located 32 miles north of Cambridge and is an attractive and expanding market town with over 4,000 new homes due to be developed.

The park is located in a prominent position fronting the A141 and Peas Hill Roundabout, which is the main route and connects to Cambridge and Peterborough via the A1(M).

This forms the only retail park for the town and benefits from an extensive captive catchment population due to there being very little competition close by.

30,996 sq ft purpose-built retail park occupied by Halfords, Carpetright, Mattressman, Argos and The Original Factory Shop.

Low rents averaging just £9.28 per sq ft, with a total income of £287,744 per annum.

Class E planning consent, with flexible accommodation allowing for merging or subdivision of units.

Asset management potential including the low site cover of 27%, allowing for further development on site, subject to the necessary consents.

We have been instructed to seek offers in excess of £3,005,000 (Three Million and Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 9.00%, assuming purchaser’s costs of 6.41%. This reflects a low capital value of £96.95 per sq ft and £1,171,997 per acre.