
Available
FOOD ANCHORED, DOMINANT RETAIL WAREHOUSE SCHEME
Holywell Road, Flint, North Wales
INVESTMENT FOR SALE
Prominent location in the heart of Flint with excellent frontage to the A548 which benefits from strong flows of c. 35,000 vehicles through the scheme weekly.
A high quality, dominant, Class E retail park providing a modern convenience led scheme totaling 156,931 sq. ft. Anchored by a 25,000 sq. ft Sainsbury’s.
Total freehold site measures approximately 13 acres.
The scheme benefits from a 460 space car park.
Let to a strong tenant line up including Sainsbury’s Supermarkets, the Food Warehouse, B&M Retail, Sports Direct and Greggs PLC.
Weighted average unexpired lease term of 6.97 years to expiry and 6.15 years to break.
Current passing rent of £1,409,582 per annum.
Freehold title
Opportunities to add significant value including increasing the average passing rent beyond £12 per sq ft and the letting of vacant units (A1a and A1b) which are sold without a Landlord guarantee.
We are instructed to seek offers in excess of £18,250,000 (Eighteen Million, Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.17% including purchaser’s costs of 7.68% and a capital value of £116 per sq ft.
The property benefits from a Class E (Open A1) planning consent with no food restrictions. Sainsbury’s and B&M Retail currently account for 39% of the total headline income.