Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 41219232
Year Built 2000
Building Area Gross

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%.

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.

Last Updated Date: 15 Nov 2022

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Last Updated Date: 15 Nov 2022

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