Blackwood Retail Park - Wilkinson Williams
Blackwood Retail Park - Wilkinson Williams
Blackwood Retail Park - Wilkinson Williams
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Investment Summary<br />
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<strong>Blackwood</strong> is located in South Wales, approximately 14 miles north west of<br />
Newport and 15 miles north of Cardiff.<br />
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The town benefits from a large catchment population, with 167,744<br />
people living within a 20 minute drive time.<br />
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<strong>Blackwood</strong> <strong>Retail</strong> <strong>Park</strong> is situated in a prominent and accessible location<br />
adjacent to the town centre overlooking the B4254 High Street which joins<br />
the A4048, the main arterial route running through the town.<br />
The town’s dominant foodstore, let to Asda, is located in the centre of the<br />
scheme, providing a large footfall generating anchor.<br />
The park benefits from an unrestricted open A1 food consent,<br />
including food.<br />
The property totals 46,114 sq ft gross internal area and is let to tenants<br />
including Brantano, Carpetright, Pets at Home, B&M Bargains and<br />
Farmfoods, at low rents between £14.00 per sq ft and £17.00 per sq ft.<br />
We are instructed to seek offers<br />
in excess of £8,850,000, subject<br />
to contract, exclusive of VAT.<br />
This reflects an attractive net<br />
initial yield of 8.00% based on<br />
purchaser’s costs of 5.80%.<br />
<strong>Blackwood</strong> <strong>Retail</strong> <strong>Park</strong> | <strong>Blackwood</strong> 2
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