Documents
Attributes
Property Reference Number | 10070381884 |
Year Built | 2000 |
Building Area Gross |
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Rentable Area |
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Number of units | 7 |
Occupancy | 100.0 % |
Asset Description
Wrexham Central Retail Park, a B&M and Dunelm anchored scheme situated within the largest town in North Wales.
Investment Highlights
- Purpose-built retail warehouse scheme of 89,211 sq ft, with 310 car parking spaces (1:288 sq ft)
- Large catchment population of 206,892 people within 20 minutes’ drive time from the property
- Fully let to strong covenants including B&M, Dunelm, Pure Gym, ScS and Pizza Hut with a WAULT of 6.50 years to expiry and 5.20 to break
- 56% of the income is derived from B&M and Dunelm who have recently demonstrated their commitment to the scheme through regearing and renewing their respective leases
- Total passing rent of £825,148 per annum equating to an affordable average rent of £9.25 per sq ft
- Freehold
- The Welsh Government forecast a 10% growth in the County Borough’s population by 2039, the second largest growth rate in Wales
- Prominently situated off Regent Street (A541) with Island Green Retail Park to the South East and Wrexham General Station to the North
- Open A1 (non-food) planning permission