Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

Woodhall Retail Park is a modern, purpose-built retail park comprising a standalone B&Q and a terrace of three retail warehouse units, fronting both Leeds Old Road and Woodhall Road.


The buildings are of steel portal frame construction with internal eaves heights of between 5.3m and 6.2m. The B&Q has brick and profile metal cladding elevations while the terrace has full height brick cladding.



Investment Highlights

  • Extensive catchment population of 790,871 people within 20 minutes’ drive time from the property.
  • Prominently situated fronting Leeds Old Road (B6381) adjacent to a dominant Morrison’s food store as well as their HQ.
  • Purpose-built retail park of 86,026 sq ft, with 441 car parking spaces (1:195 sq ft).
  • Fully let to the national covenants of B&Q, B&M, Iceland and Poundstretcher.
  • WAULT of 7.7 years to expiry and 7.0 years to break.
  • 87% of the income is secured against ‘Very Low Risk’ covenants.
  • B&Q, who account for 60% of the income, have recently regeared their lease for a further 10 years.
  • Net operating income of £779,288 per annum equating to an affordable average rent of £9.06 per sq ft.
  • Open A1 (including food) planning permission.
  • Freehold site totalling 7.06 acres
Last Updated Date: 01 Oct 2021
Frankie Maddox
Frankie Maddox
Associate Director- Retail Investment
Drew Moore
Drew Moore
Director - Retail Investment

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Last Updated Date: 01 Oct 2021

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