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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

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