Gallagher Leisure Park Sale 3 Retail Properties Offered at £10,000,000 in Bradford
INVESTMENT HIGHLIGHTS
- Dominant leisure park anchored by a refurbished Odeon Luxe
- Great local occupiers
- Strategically located serving both Leeds and Bradford catchments
EXECUTIVE SUMMARY
The total passing rent is £1,179,789 per annum which reflects a low average rent of £14.80 per sq ft. An attractive WAULT of 8.7 years to expiry and 8.0 years breaks.
Offers in excess of £10,000,000 (Ten million pounds) of our client's freehold interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield 11.06% after assuming standard purchaser's costs of 6.70%. Yield increases to 11.62% assuming Odeon's June 2027 rent review is settled at the minimum level.
Offers in excess of £10,000,000 (Ten million pounds) of our client's freehold interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield 11.06% after assuming standard purchaser's costs of 6.70%. Yield increases to 11.62% assuming Odeon's June 2027 rent review is settled at the minimum level.
PROPERTY FACTS
| Price | £10,000,000 |
| Price / SF | £125.57 / SF |
| Net Initial Yield | 11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 79,638 SF |
| Total Land Area | 27.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Odeon & PureGym
Dick Ln, Bradford BD3 7AT |
Retail | 75,087 SF | 2000 | - |
|
KFC
Dick Ln, Bradford BD3 7AS |
Retail | 2,771 SF | 2018 | - |
|
Costa
Dick Ln, Bradford BD3 7AT |
Retail | 1,780 SF | 2018 | - |
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CONTACTS
-
Ryan Meader -
Tim Cuzens -
Cortex Partners
