• Waterfront Retail Park is the sole retail warehousing provision in Barry, and is situated approximately 9 miles from Cardiff City Centre, the capital of Wales.
• Located in the Cardiff Capital Region, one of the UK's fastest-growing city regions, which contributes approximately £25bn GVA to the UK economy and accounts for c.50% of the entire Welsh economic output (Cardiff Capital Region's 2023-2028 Regional Economic & Industrial Plan).
• Barry is an attractive commuter hub with a drive time of 25-30 minutes to Cardiff City Centre, and a regular rail service (4 per hour) to Cardiff Central with a journey time of 20-25 minutes.
• The town continues to see investment through the Barry Waterfront regeneration scheme, with current initiatives including the £19.8m "Making Waves" marina and The Goodsheds & Innovation Quarter.
• In total, Barry Waterfront regeneration has seen £250m+ of inward investment and regeneration delivering in excess of 2,000 homes and associated infrastructure.
• Prominently situated adjacent to a Morrisons foodstore, the dominant foodstore provision within the subject catchment.
• The park comprises 59,277 sq ft (5,507 sq m) of accommodation excluding mezzanine areas, on a site area of 7.52 acres (3 hectares) providing a low site coverage of 18.1%.
• The park is fully let to leading national occupiers such as B&M, Pets at Home and Halfords, providing a WAULT of 4.6 years.
• 60% of the contracted income secured to occupiers with 'very low risk' of default and 100% of the income attributed to occupiers with 'below average risk' of default.
• Total gross contractual income of £782,549 pa (£12.91 psf on let floor space). Following the deduction of landlord shortfalls of £4,526, the park has a net operating income of £778,023 pa.
• Strong reported tenant trade.

Our clients are seeking offers in excess of £10,720,000 (Ten Million Seven Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT, which reflects a net initial yield of 6.75% after the deduction of Welsh purchaser's costs.

A purchase at this price reflects a capital value of £181 psf.