St. James Retail Park Northampton
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ST. JAMES RETAIL PARK NORTHAMPTON Freehold Open A1 Retail Warehouse Investment Opportunity ST. JAMES RETAIL PARK Freehold Open A1 Retail Warehouse Investment Opportunity NORTHAMPTON INVESTMENT CONSIDERATIONS n Northampton has a substantial and affluent population which is projected to grow significantly. n The scheme draws on a primary retail catchment of approximately 473,000. n St. James Retail Park is the dominant retail park in Northampton city centre. n The park comprises 15,369 sq m (165,428 sq ft) benefitting from an Open A1 non-food planning consent. n The scheme is anchored by DFS and Toys R Us with other tenants including Next, Boots, Mothercare and Homesense. n Substantial car parking extending to approximately 588 spaces. n The property is held Freehold. n The park offers an attractive income profile with a WAULT of 10.5 years, and approximately 53% of the income benefiting from fixed uplifts. n This is a rare situation where average rents reflect £20.77 psf compared to rental offers of £29.50, whereby there is immediate scope for rental improvement. n There are numerous asset management angles. n Offers in excess of £54,160,000 (Fifty Four Million One Hundred and Sixty Thousand Pounds) are being sought, subject to contract and exclusive of VAT, reflecting a net initial yield of6.00% after deduction of purchaser’s costs at 5.8 %. n The running yield is anticipated to increase 6.41% in 2018 as a result of fixed increases in the leases. A69 A69 NEWCASTLE UPON TYNE Carlisle Gateshead Jarrow A689 44 A68 A1 SUNDERLAND 43 Carlisle A963 65 Washington Consett A692 64 42 Stanley 63 Houghton le Spring A691 A19 A596 Durham 62 Peterlee Brandon A167 M6 61 41 A68 Hartlepool Spennymoor A66 A1(M) Workington Penrith 40 Bishop Auckland A689 60 A19 A689 Appleby-in- Redcar Westmorland 59 Whitehaven Middlesbrough A688 Darlington Teesside 57 Whitby A591 A66 56 A19 A595 38 A685 A172 A171 Northallerton Kendal 37 A1 Scarborough M6 A170 36 A590 A170 Ulverston A165 A590 A65 A168 A19 Ripon 35 Barrow-in-Furness A64 Bridlington Morecambe 34 A683 A61 A1(M) (A166) Heysham Lancaster A614 Knaresborough A165 A166 M6 A65 Harrogate A59 33 A59 2 8 Skipton A6 York Ilkley A59 Fleetwood A614 A61 A64 Otley (A163) A65 A6068 A1035 Tadcaster A19 Yeadon Leeds/Bradford A58 A585 Clitheroe Keighley A650 14 Bingley A1079 Beverley A165 13 Colne 12 Nelson Shipley Blackpool A59 3 32 Padiham LEEDS Garforth 4 M55 1 Selby A614 10 BRADFORD M621 A164 M65 8 Burnley A63 A63 Preston 1 47 A1 38 HULL 7 43 A 6 Accrington 10 M62 41 A63 Halifax 26 27 Castleford 37 Lytham St Anne's Todmorden A646 Batley 30 M62 A59 29 9 41 Leyland 31 32 A645 36 Goole Darwen Brighouse 25 Dewsbury 33 34 Rawtenstall Pontefract A58 24 40 Wakefield Southport 23 M18 M6 A15 A160 A570 Chorley Rochdale M62 39 1 22 Huddersfield Hemsworth A638 6 Immingham A59 38 Thorne Bury M66 21 M181 M61 A61 Grimsby 27 Bolton 2 A62 5 Scunthorpe 5 Ormskirk 20 1 A565 19 38 Skelmersdale 6 A58 3 M1 M180 2 M180 Cleethorpes Formby Middleton A629 3 A58 37 Barnsley 4 37 4 26 3 17 Oldham A635 M58 Wigan 15 Doncaster 14 A46 M60 A670 A616 36 36 7 Kirkby 3 Crosby A628 23 2 A159 5 St Helens MANCHESTER 35 Bootle 1 3 Stocksbridge Salford Glossop A15 6 A16 Wallasey 7 M67 Rotherham A1(M) LIVERPOOL M62 10 A631 A57Sale 34 1 A631 BANGOR 4 9 7 Warrington 21 12 Stockport 34 2 33 32 Gainsborough Birkenhead A57 Altrincham5 34 Widnes Cheadle A6 SHEFFIELD Louth 6 Prestatyn 7 Manchester 31 A41 Liverpool A57 Rhyl M56 Holyhead Llandudno 11 Wilmslow M53 Dronfield M1 Worksop Retford A46 Colwyn Bay Runcorn 19 5 Knutsford A156 A16 A623 A1 A5 Ellesmere A556 A537 Staveley 30 A614 Conwy Abergele A55 M56 Frodsham A537 A619 A57 A158 Port Buxton A61 A55 Flint 16 Chesterfield A530 Macclesfield Lincoln M6 A619 12 A54 A470 A49 18 29 A51 A533 A50 A515 Clay A158 Chester A60 Cross A41 Congleton A55 17 A527 A53 Sutton in Mansfield Sandbach Matlock A5 Ashfield A617 A494 Biddulph A534 Crewe Leek 28 Kirkby in A15 Kidsgrove Newark- A17 A52 A483 A500 A523 A6 Ashfield 16 on-Trent A534 Nantwich 27 Wrexham Ripley A6097 A5 Belper A38 A470 Newcastle- Ashbourne Hucknall A607 A49 STOKE-ON-TRENT Eastwood A46 under-Lyme A52 A17 A525 26 A1121 Boston A487 A52 Ilkeston 15 NOTTINGHAM A51 A50 A1 A52 A5 A52 A16 A148 A495 A41 Beeston A5 A52 A53 Uttoxeter DERBY 25 A606 Grantham A52 A470 Stone A6 Long Eaton A494 A516 Freehold Open A1 Retail Warehouse Investment OpportunityA17 A51 A15 Oswestry A453 A607 ST. JAMES RETAIL PARK A518 A50 East A442 A41 24 A148 14 Burton upon Midlands A151 A53 Trent Spalding A49 Stafford King's A140 A444 Loughborough Melton A17 NORTHAMPTON A5 A518 M6 A515 M1 Lynn A38 Mowbray A1101 A470 A42 23 Newport 13 Rugeley A46 A34 Ashby-de- A6 A47 East la-Zouch A607 A606 A458 Coalville A1 A16 Dereham A1065 A47 Norwich Shrewsbury Cannock A50 22 A16 A47 A5 7 6 5 12 11 A46 A10 A458 4 Norwich Telford Swaffham Great Yarmouth 3 11 A606 LOCATION M54 A1139 A1122 2 Tamworth M42 A458 A442 1 LEICESTER A146 A487 A483 A47 A47 A6003 A470 10 21 A47 WOLVERHAMPTON 10 Walsall M69 Wigston Peterborough A143 A43 A11 Northampton is the county town of Northamptonshire, in the East Midlands,A49 located 9 March Bridgnorth A6 A489 8 7 Hinckley A134 9 2 Lowestoft approximately 109km (68 miles) north of London, 61km (38 miles) south of Leicester, 72km M6 Nuneaton 1 1 6 A140 5 8 Market A10 A458 2 A427 Corby A605 A444 Harborough A141 (45 miles) south-east of Birmingham, and 48km (30 miles) north-east of Oxford. BIRMINGHAM Bedworth M1 A143 A470 A6116 3 A487 Birmingham 20 A442Stourbridge 3 A4304 Thetford A44 6 2 A1066 (A427) A1165 Aberystwyth A1 A45 Ely A483 M42 M6 A142 Kidderminster M5 Solihull 1 19 Kettering A49 5 A508 A11 COVENTRY A14 4 4 A43 A470 Rugby Huntingdon Mildenhall A143 2 18 A14 Stourport- 1 3 A452 M42 A46 A45 on-Severn A448 16 St Ives M45 17 A10 A456 A449 M40 A45 Wellingborough Rushden A14 Leamington Spa A14 5 A5 A12 Redditch A140 A441 A435 A6 Warwick A14 Newmarket 15 14 A44 M5 13 Daventry A45 A428 14 Bury 16 St Neots 13 St Edmunds A44 A428 A483 6 12 Stowmarket A46 Worcester 12 15 A14 Stratford A43 A428 11 7 A11 NORTHAMPTON A134 A487 upon Avon A429 Bedford A4112 A4103 M1 M11 A509 A470 A508 A46 A5 10 A483 Great Newport A10 A438 Biggleswade Ipswich A438 A6 Malvern A44 A43 Pagnell Haverhill Evesham A505 9 A438 11 Sudbury Banbury 14 A1 Royston A134 A14 Hereford 8 A422 Milton Keynes Saffron 1 A44 13 Walden A12 10 A505 A46 Letchworth A131 Felixstowe A470 2 9 A40 Tewkesbury A479 A465 9 Harwich M50 M5 A43 12 Hitchin 10 Leighton A5 A120 A44 Buzzard 8 A120 A49 4 3 10 M1 Braintree A40 A40 Gloucestershire M40 A1(M) Luton Stevenage Stansted Carmarthen Dunstable 11 7 A602 Colchester A133 A40 11 Bicester 8 Gloucester A41 A120 A40 9 A483 A48 10 A10 A34 Luton A130 A40 A40 A470 A40 A131 Abergavenny A436 6 Aylesbury 9 Ware Witham A12 Clacton-on-Sea A417 A40 Kidlington 5 A465 Witney Tring Hertford M11 Merthyr A429 Hemel A4076 Ammanford 12 St Milford A40 A41 4 A477 Tydfil A40 Hempstead A4042 Oxford 8 Albans Hatfield Maldon Haven A413 Chelmsford 49 13 Stroud A40 M10 3 Hoddesdon 7 Berkhamsted 7 A478 A48 1 2 A465 Aberdare 8 A418 Thame A414 48 M5 A419 7 A4010 22 Pontypool A449 Cirencester A477 Amersham 20 M4 24 25 26 A12 A130 47 46 45 19 M25 Pembroke Llanelli A420 5 44 Neath Abingdon High Watford Swansea 43 Cwmbran 6 18 Enfield 5 5 Wycombe 42 Chepstow 17 4 Barnet 14 A429 A419 M11 28 Rayleigh 41 2 Didcot M40 Beaconsfield A12 Brentwood 4 2 A127 40 25 M48 A433 3 M1 A406 4 A470 26 24 1 2 29 Port 39 27 23 Marlow A127 Basildon Pontypridd 1 A41 Southend-on-Sea Caerphilly 28 Newport 21 A40 Harrow Talbot 38 M4 22 1 Swindon M25 A13 30 29 Henley- Uxbridge A406 36 M4 M49 16 16 Maidenhead A13 Canvey Island 37 32 17 M4 15 on-Thames Slough 35 LONDON 30 34 33 19 17 7 6 18 4 2 1 Porthcawl Bridgend 1 M4 18 A34 3 31 Tilbury CARDIFF 19 2 Sheerness M32 14 M5 3 Chippenham Reading A205 Dartford Gravesend Clevedon 14 13 M4 13 A20 A2 2 Margate A46 A350 12 A2 Rochester Herne 20 BRISTOL 10 Bracknell 1 Kingston Staines Swanley 1 Bay Barry 11 upon Thames Gillingham A28 A4 Newbury 2 A38 Melksham A299 The town benefits from excellent road communication, with Junctions 15, 15a andA37 16 of the 11 A232 Chatham Whitstable Bath Sutton Sittingbourne A253 Ramsgate M1 being located approximately 8 km (5 miles) to the west of the town centre. In addition the Croydon A45 provides east and west access across the Midlands, whilst the A43 provides a direct link to the M40 motorway to the south-west. Northampton station provides direct rail services to both London and Birmingham, both with journey times of approximately 1 hour. In addition, the town is within an hours’ drive of four international airports: Birmingham, East Midlands, Stansted and Luton. A69 A69 NEWCASTLE UPON TYNE Carlisle Gateshead Jarrow A689 44 A68 A1 SUNDERLAND 43 Carlisle A963 65 Washington Consett A692 64 42 Stanley 63 Houghton le Spring A691 A19 A596 Durham 62 Peterlee Brandon A167 M6 61 41 A68 Hartlepool Spennymoor A66 A1(M) Workington Penrith 40 Bishop Auckland A689 60 A19 A689 Appleby-in- Redcar Westmorland 59 Whitehaven Middlesbrough A688 Darlington Teesside 57 Whitby A591 A66 56 A19 A595 38 A685 A172 A171 Northallerton Kendal 37 A1 Scarborough M6 A170 36 A590 A170 Ulverston A165 A590 A65 A168 A19 Ripon 35 Barrow-in-Furness A64 Bridlington Morecambe 34 A683 A61 A1(M) (A166) Heysham Lancaster A614 Knaresborough A165 A166 M6 A65 Harrogate A59 33 A59 2 8 Skipton A6 York Ilkley A59 Fleetwood A614 A61 A64 Otley (A163) A65 A6068 A1035 Tadcaster A19 Yeadon Leeds/Bradford A58 A585 Clitheroe Keighley A650 14 Bingley A1079 Beverley A165 13 Colne 12 Nelson Shipley Blackpool A59 3 32 Padiham LEEDS Garforth