Bowers Retail Park 2 Retail Properties Offered at £4,673,436 in Widnes
INVESTMENT HIGHLIGHTS
- Modern purpose built retail warehouses
- Direct access to the M62
- Prominent fronting the A557 (Ashley Way)
- Providing over 180 customer car parking spaces
EXECUTIVE SUMMARY
The property consists of two detached, purpose-built retail warehouse units. Wickes was originally developed in 1989 as a Focus DIY and features a steel portal frame with the exterior having a masonry finish.
The Pets at Home unit was constructed later in 2013, also using a steel portal frame. Its exterior combines a masonry finish with sheet cladding. The Pets at Home unit additionally includes an internal mezzanine, installed by the tenant. Before Wickes moved in, the landlord funded refurbishment works to their unit, although these were completed by the tenant.
We are instructed to seek offers in excess of £6,200,000 (Six Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a low capital value per sq ft of £140 and an attractive net initial yield of 6.79%*
The Pets at Home unit was constructed later in 2013, also using a steel portal frame. Its exterior combines a masonry finish with sheet cladding. The Pets at Home unit additionally includes an internal mezzanine, installed by the tenant. Before Wickes moved in, the landlord funded refurbishment works to their unit, although these were completed by the tenant.
We are instructed to seek offers in excess of £6,200,000 (Six Million, Two Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a low capital value per sq ft of £140 and an attractive net initial yield of 6.79%*
PROPERTY FACTS
| Price | £4,673,436 |
| Price / SF | £105.81 / SF |
| Net Initial Yield | 6.79% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 44,169 SF |
| Total Land Area | 3.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Focus
Earle Rd, Widnes WA8 0TA |
Retail | 37,172 SF | 1997 | - |
|
Garden Centre
Earle Rd, Widnes WA8 0TA |
Retail | 6,997 SF | 1981 | - |
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