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Tandem Centre Tandem Way, Colliers Wood, SW19 2TY

117,752 sq ft
Tandem Centre 01
Tandem Centre 02
Tandem Centre 03
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Use Class

Use Class

E

Size

Size

117,752 sq ft

A modern and prime retail scheme offering a relevant tenant mix that offers visitors a wide range of opportunities including discount food, clothing and athleisure, pharmaceutical, homewares and a complementary food and beverage offer.

Offers are invited in excess of £80,100,000 (Eighty Million, One Hundred Thousand Pounds), subject to contract and exclusive of VAT. This reflects a net initial yield of 4.50%, allowing for purchaser’s costs of 6.79%.

  • A large site of 7.25 acres (2.94 hectares) with strong underwrite for alternative uses such as residential, industrial or alternatives.

  • Active asset management opportunities to further cement the park’s dominance.

  • Demonstrable retailer demand for the scheme.

  • Produces a rental income of £3,850,790 per annum giving a modest and affordable average rental tome of £30.82 per sq ft.

  • Offers a complementary mix of leading retailers including Next, JD, TK Maxx and Homesense, Boots and Sports Direct alongside food and beverage operators including Starbucks and Nando’s.

  • Anchored by Lidl with a lease expiry in 2045 and 5 yearly RPI linked rent reviews (0.5% to 3.0% per annum compounded).

  • High footfall with over 85,000 customer visits per week.

  • Tandem Centre is a right-sized scheme totalling 117,752 sq ft.

  • Serves a very large and affluent catchment of which 46% are classified in the highest affluence group ‘City Prosperity’.

  • Forms part of a regionally dominant retail centre with a 130,000 sq ft M&S, a 105,000 sq ft Sainsbury’s and the 67,333 sq ft Priory Retail Park.

  • One of the UK’s premier retail warehouse parks just 8 miles from Central London.

Colliers Wood, located in the London Borough of Merton, is located 8 miles south west of Central London, 2 miles east of Wimbledon and 6 miles north west of Croydon. The area benefits from excellent road links. The A24 is the main arterial route through Colliers Wood and provides access north east to Tooting, Balham and Clapham and connects with the A3 towards central London. The A24 links to Merton and Ewell to the south west and further on to Epsom and Leatherhead, where it connects 32 miles later with Junction 9 of the M25 London Orbital Motorway. Numerous bus services run along the A24. Colliers Wood London Underground Station is on the Northern Line (Zone 3) providing fast access to Central London.

Key Information

Travel

Parking Spaces

424

Accommodation

117,752 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.

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This was last updated on 04/08/2023