- Our Products
- Sign In
- Register
This Property is currently unavailable
This property is currently unavailable, if you would like more infomation please contact our support team
Meole Brace Retail Park Meole Brace Retail Park, Shrewsbury, SY3 9NB
Use Class
E
Size
155,966 sq ft
Rent pa
POA
Price
£39,750,000
Shrewsbury is the administrative centre and county town of Shropshire, 56 miles north west of Birmingham
Meole Brace Retail Park is the dominant scheme in Shrewsbury, extending to 155,966 sq ft
A large and affluent catchment with over 108,000 people living within 15 minutes’ drive, rising to over 188,000 people within 20 minutes
Up to 120,000 car visits a month
Shares vehicular access with a 71,000 sq ft Sainsbury’s foodstore
Top quality retailer line up anchored by M&S Foodhall to 2035, Next to 2029 and Currys PC World to 2029
Other retailers include Boots, TK Maxx / Homesense, Pets at Home, Halfords, Sports Direct, Superdrug, Argos, Costa, Card Factory, Pizza Hut and Subway
Attractive WAULT of 6.3 years to lease expiry
Produces a rental income of £3,502,112 per annum,
including a rental guarantee
92% of the income is secured against ‘5A 1 – Low Risk’ or ‘5A 2 – Lower than Average Risk’ rated covenants
Class E planning consent. Formerly majority open A1 non food (with food consent on Unit 9), and A3
Asset management opportunities
Freehold site of 22.1 acres (8.9 hectares)
We are instructed to seek offers in excess of £39,750,000 (Thirty Nine Million, Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 8.25%, assuming purchaser’s costs of 6.77%
Accommodation
155,966 Sq.Ft
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
All data ©2024 Completely Property Technology Limited
This was last updated on 14/12/2021