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Waitrose, West Street, Stamford, PE9 2PR
27,761 Sq Ft / Retail / Shopping Centre unit
Withdrawn - Last updated: 01 November 2022
Key Points
Investment Summary
• Situated in the affluent and historic town of Stamford, close to the town centre.
• The town demonstrates strong demographics with a significantly above average representation in the most affluentAB group and with per capita total retail spending levels above average.
• A highly prominent foodstore comprising 27,761 sq ft, with 121 surface car parking spaces (1:229 sq ft).
• Let to the strong 5A1 institutional covenant of Waitrose Ltd.
• 9.75 years unexpired.
• Current passing rent of £XXX per annum, reflecting £XXX psf.
• Freehold.
• 2.05 acre site area.
Proposal
Offers sought in excess of £XXX subject to contract and exclusive of VAT reflecting a Net Initial Yield of 5.25%.
Location
Stamford is an attractive, historic and affluent town located adjacent the A1, approximately 10 miles (15km) north west of Peterborough
and 26 miles (42km) east of Leicester. The total population within the Stamford primary retail market area is 54,000 and it is
projected to see above average growth in population within its retail market area over the period 2018 – 2023.
The foodstore is situated on the west side of the town centre and within walking distance of its historic pedestrianised retailing core.
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