CITY CENTRE FREEHOLD RETAIL INVESTMENT WITH ASSET MANAGEMENT OPPORTUNITIES
33-39 GALLOWTREE GATE & 63 MARKET PLACE LEICESTER LE1 5GD 33-39 GALLOWTREE GATE & 63 MARKET PLACE LEICESTER
INVESTMENT SUMMARY
Leicester has the 9th largest primary catchment population in the UK (PMA)
Leicester was ranked 3rd in the Hot 100 Retail locations (CACI)
Prime position fronting pedestrianised Gallowtree Gate opposite M&S and Boots with rear access onto Market Place
Attractive unbroken retail parade providing 5 retail units over basement, ground and 2 upper floors
The property totals 37,620 sq ft
82% of the total income secured against the strong covenants of WH Smith and O2
Freehold
WH Smith recently committed to a new 10 year lease
Long WAULT of approximately 7.58 years to expiry (6.55 years to break)
32% of floor space vacant or let on a temporary basis providing excellent asset management opportunities
Majority of upper parts un-occupied whilst benefiting from shared access
Offers are sought in excess of £4,850,000, after purchasers costs reflecting: • 7.00% NIY • 8.22% EY • 8.81% RY 33-39 GALLOWTREE GATE & 63 MARKET PLACE
LEICESTER Mans eld Matlock
Newark-on-Trent STOKE-ON-TRENT M1 Ashbourne LOCATION NOTTINGHAM DERBY Grantham Leicester is the second largest city in the East Midlands, located approximately 43 miles north-east Stone Uttoxeter M1 of Birmingham, 31 miles south of Nottingham and 100 miles north-west of London. EAST Leicester benefits from excellent communications being adjacent to the M1 motorway (Junction 21 Stafford MIDLANDS Spalding & 22) which in turn provides access to the M69, M6 and M42 motorways. The A6 runs though the Loughborough Melton Mowbray city centre providing access to Loughborough immediately to the north and Market Harborough M6 to the south. Leicester’s ring road, the A563, connects to towns and cities to the east, such as Cannock 22 Peterborough, Grantham, Melton Mowbray and Uppingham via the A607 and A47. Stamford The City’s mainline railway station provides regular high speed train services to London St Pancras M6(T) M42 LEICESTER 21 with a journey time of approximately 1 hour 10 minutes. There are also frequent rail services to WOLVERHAMPTON Wigston Uppingham M69 Birmingham, Sheffield and Nottingham and the catchment population is supported by an extensive M6 bus network and a park and ride service into Leicester city centre. BIRMINGHAM Market Corby East Midlands airport lies approximately 20 miles to the northwest of the City and provides BIRMINGHAM Harborough frequent domestic and international flights. M5 M6 M42 COVENTRY Kettering DEMOGRAPHICS M42
Redditch Leamington Spa Wellingborough Rushden Over one third of the population living within a 20 minute drive of the property are categorised by Warwick Droitwich CACI as being ‘Comfortably Off’, whilst the number of ‘Secure Families’ in this catchment is 69% Daventry M1 NORTHAMPTON higher than the national average. Stratford upon Avon M40 The East Midlands currently contains approximately 10% of all households in England, and as a region the ‘population is projected to grow faster than any other English region over the next 25 Bedford Great years (ONS). Malvern Evesham Banbury The city also forms part of an area which has been ranked the largest economic sub-region of the MILTON KEYNES East Midlands; with Gross Value Added (GVA) totalling £15.3 billion for Leicester. Letchworth 33-39 GALLOWTREE GATE & 63 MARKET PLACE CURVE THEATRE CITY HALL TO N HALL LEICESTER S UARE G
R
A
N