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Kew Retail Park, Southport Road, Southport , PR8 5RG
not specified / Retail
Withdrawn - Last updated: 05 October 2020
Prominent retail park investment opportunity. Located in Southport in an established out of town retail hub. Southport is the 11th most populous town in north west England and 44% of the catchment population fall within the most affluent Acorn Groups.Wide bulky goods planning permission. FreeholdThe property is let on eight FRI leases producing a total income of 810,237 pa, with a weighted average unexpired term of 8.22 years to expiry and 7.17 years to breaks.We are instructed to seek offers in excess of 9,000,000 (Nine Million Pounds) for this freehold interest, subject to contract. A purchase at this level would reflect a net initial yield of 8.44%, assuming purchasers costs of 6.68%.
Location
Kew Retail Park, Southport Road, Southport , PR8 5RG, Merseyside, North West
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