Investment Summary

Beacon Hill Retail Park, Northern Road, Newark-on-Trent, Nottinghamshire NG24 2EH

  • Prime investment opportunity in a strong market town
  • Affluent catchment population
  • AWULT of 10 years to undoubted covenants of The Range and Topps Tiles
  • Prominent site fronting an arterial road out of the town and at the front of the towns largest industrial estate
  • Purpose built retail warehouse plus a garden centre together with an adjacent second unit
  • 39,394 sq ft GIA
  • Dominant DIY store for its catchment area (only competition from Homebase and Travis Perkins)
  • Total income of £426,900 per annum (low average rent of £10.83 psf)
  • Excellent car parking ratio of 1:231 sq ft
  • A large site of 3.07 acres providing a low site cover of 32%
  • Flexible 'wide bulky goods' planning permission
  • Short and medium term asset management opportunities
  • Freehold
  • Offers sought in excess of £5,950,000 (subject to contract)
  • Attractive 6.75% Net Initial Yield
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