Investment Summary

Longton Exchange Shopping Centre, Longton, Stoke On Trent, Staffordshire ST3 1NQ

  • Prominent town centre retail warehouse units adjacant to busy shopping
  • Located in the towns retail core with plentiful customer car parking available (over 400 spaces)
  • Purpose built retail warehouse extending to a total gross internal area of 60,137 sq ft
  • Occupied by Home Bargains and Wilko from the growing and resilient discount retail sector
  • Both businesses have low risk covenants, each achieving revenues in excess of £1.5 billion per annum
  • Significant asset management potential from vacant space
  • Additional income from an O2 telecommunications mast
  • Average weighted unexpired term of 7.12 years
  • Total rental income of £314,814 per annum
  • Freehold
  • Offers sought in excess of £3,940,000 (Subject to Contract)
  • Attractive 7.50% Net Initial Yield and 9.61% Reversionary Yield
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