Retail Park - Wilkinson Williams
Retail Park - Wilkinson Williams
Retail Park - Wilkinson Williams
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Page 2Orpington <strong>Retail</strong> <strong>Park</strong>investment summaryOrpingtonProminently situated fronting SevenoaksWay (A224), in the prime out of townpitch in close proximity to the Springvale<strong>Retail</strong> <strong>Park</strong>, the Nugent Shopping <strong>Park</strong>with in excess of 300,000 sq ft of retailaccommodation in the vicinity.The property comprises a modernretail warehouse development providingtwo units totalling approximately20,463 sq ft GIA.The entire development benefits from anopen A1 non food planning consent.The property is let to Dreamsand SportsDirect.com on leasesexpiring in 2020 and 2022 at currentrents of £37.00 per sq ft.Proven evidence underpinning thecurrent rental levels and the generalstrength of the location will provide goodprospects for rental growth in the future.We are intructed to seek offers in excessof £11.77 million reflecting a net initialyield of 6.00%, assuming purchaser’scosts of 5.7625%.
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