Eden Connelly
edenc@jacksoncriss.co.uk
0207 637 7100
Rishworth Centre & Railway Street Retail Park
- Dewsbury is a historic market town in the Kirklees district of West Yorkshire, situated approximately 8 miles south of Leeds.
- Kirklees district economy contributes approximately £8.35bn GVA to the UK economy.
- Extensive catchment of 120,000 in the Dewsbury Primary Retail Market Area, increasing to c.450,000 persons in the wider Kirklees District Area.
- Dominant Retail Warehouse provision in the subject catchment comprising 99,038 sq ft (9,201 sq m) of accommodation on a site area of 7.63 acres (3.1 hectares).
- Situated adjacent to a c.65,000 sq ft Sainsbury's foodstore (owner occupied).
- The park is home to leading national occupiers including Aldi, PureGym, Iceland, Pets at Home and Halfords.
- The park provides an attractive WAULT of 6.3 years to expiry (4.9 years to break).
- Total gross contractual income of £1,424,656 pa (£14.10 psf on let floor space). Following the deduction of landlord shortfalls of £1,194, the park has a net operating income of £1,423,462 pa.
- 39% of the gross contractual income subject to index linked rent reviews.
- Strong reported tenant trade.
- Freehold.
Our clients are seeking offers in excess of £19,050,000 (Nineteen Million and Fifty Thousand Pounds), subject to contract and exclusive of VAT, which reflects a net initial yield of 7% after the deduction of standard purchaser's costs.
A purchase at this price reflects a capital value of £192 psf.
Yield:
7 %
Price:
£19,050,000
Contact:
Jonathan Milburn
07970 617 867
jonm@jacksoncriss.co.uk
Rhodri Jones
07570 684 444
rjones@jacksoncriss.co.uk