London Road Retail Park Brochure
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LONDON ROAD RETAIL PARK NEWBURY, RG14 2BP SOUTH EAST SUPERMARKET ANCHORED RETAIL WAREHOUSE PARK FOR SALE SIGNIFICANT ASSET MANAGEMENT AND DEVELOPMENT OPPORTUNITIES LONDON ROAD RETAIL PARK, NEWBURY, RG14 2BP INVESTMENT SUMMARY • Newbury is a strong South East commuter town. • Significant opportunities to enhance value in the short term. • Newbury has an exceptionally affluent catchment population ranked seventh by • Value underpinned by potential alternative uses in the long term. PMA’s UK Affluence Indicator. • Our client is seeking offers in excess of £28,060,000 (TWENTY EIGHT MILLION • Open A1 planning consent, including food in part. AND SIXTY THOUSAND POUNDS), subject to contract and exclusive of VAT, for their freehold interest in the property. A purchase at this level would show an attractive • Modern retail warehouse park which is let to Tesco, B&Q, Dunelm, Carpetright initial yield of 7.27% net of purchaser’s costs of 6.8%. and Poundstretcher. This price can be broken down for the various elements of income as follows; • 69% of the income is secured against Tesco Stores Ltd and B&Q Plc. • Tesco Supermarket; £14.64 million 5.75% IY off a topped-up income of £900,000 pa. • Tesco income is subject to upward-only reviews linked to RPI capped at 3.5% pac. • Retail Warehouses; £13.17 million 9% IY. • Freehold. • Redevelopment site; £250,000. 2 OX G F AY OR WO OD DR D AD IVE R RO D DON LON OL D OXFORD S BAT T H ROAD A4 P LO A N DO R N LONDON ROAD RETAIL PARK, NEWBURY, RG14 2BP K R OA D W NDON ROAD A LO Y A A4 6 18 Enfield 4 5 M1 W 17 4 TU E RNP S IKE M40 E ROAD T V 4 2 RN A G NO S E T 3 4 WEST A R A339 Didcot T R 2 A339 Y H Riv C E er W R K E enne LOCATION O T 1 9 FT LAN t 0 O E 1 0 4 O B D Swindon Uxbridge D 16 Maidenhead Slough R LANE R IV NE iver 15 E BO Kenne Newbury is a strong commuter town located in the South East of England in the county 7 LONDON t 6 4 3 2 1 ALDI B AD Reading N RO ILL LANE 3 BO of West Berkshire. It is located in the Thames Valley 60 miles west of Central London, NDO M 4 NE LANE 14 HEATHROW LO NE 2 M4 R LA 1 A 14 13 Kingston BE 13 20 miles west of Reading, 26 miles south of Oxford and 16 miles north of Basingstoke. 12 10 upon Thames 1 A Staines Lidl 4 ROAD 11 Bracknell B3421 HAMBRIDGE NEWBURY B D KINGS 342 E ROA A E T ROAD 1 AMBRIDG Pets at Home RAVEN RO D ET STRE H The town benefits from excellent communications. M3 11 Croydon L C MARK Sutton P ON A D 3 O R N K R Devizes OA B Camberley Epsom D B NEWBURY RACECOURSE W A 10 O M25 A R 9 A339 4 Woking A4 U By road: The town is connected to the M4 (4 miles north) and M3 (12 miles south) T Y NEWBURY N 9 H D 7 A4 O D A R Farnborough N L O R motorways by the A339 and the A4 London Road runs east/west through the town. Victoria ND O A339 5 6 LO Y 8 M Basingstoke Park L E A34 6 A Aldershot EET W STR N Redhill OUND ’S ROAD P QUEEN E Reigate S 7 Farnham Guildford T By rail: Newbury is a 40 minute journey to London Paddington station. It is also M23 A339 Andover 8 Riv Godalming er Ke connected to the national railway network via Reading station to which there are also nnet GATWICK 9 A343 G regular local services. M3 10 E R AN E Crawley West L Rive E E r Ken N BON B Berkshire H O ne A Museum M Haslemere 11 N N R By air: Heathrow and Southampton airports are 40 miles from Newbury and both are 9 E O L E A W Corn B3 A D Salisbury Winchester Horsham NE N 10 Exchange LL LA E 3 T I 4 B 4 O M O 3 easily accessible by road. 2 N 11 A W 1 E N Petersfield L A Wickes R O 12 N A Haywards E D Newbury is also famous for its racecourse. 13 Heath B3421 14 Eastleigh B3 4 AD 4 KING 21 E RO S ROAD BRIDG 2 3 4 5 HAM 1 Southampton 1 3 G 4 R 8 3 E Sainsbury’s A E BO NEWBURY RACECOURSE N 9 3 M27 10 H A339 A 11 Chichester U M Ringwood 5 N R 12 Hove Brighton D 12 Littlehampton NEWBURY O AR A Newbury Racecourse D A339 Y Worthing N Gosport Portsmouth L A E W N Bognor Regis E T Cowes EN’S ROAD O QUE W N R O A D G R E E N H A M R O A D K R BAN OAD RYS ANE BU NKS L MO ON LA E GT N IN PINCH 3 LONDON ROAD RETAIL PARK, NEWBURY, RG14 2BP SITUATION NEWBURY FOOD STORE PROVISION OX London Road Retail Park is situated on a very prominent site on the southern side of the G F AY OR WO OD DR D AD IVE R RO A4 London Road approximately half a mile west of its junction with the A339 and the D DON LON OL D OXFORD S BAT T town centre. H ROAD A4 P LO A N DO R N K R NEWBURY BUSINESS PARK Immediately opposite the scheme on the northern side of London Road is a BP petrol OA D W NDON ROAD A LO filling station and an M&S Simply Food unit. These units are surrounded by Newbury Y A A4 6 18 Enfield 4 5 M1 W 17 4 Business Park which is a large office development. TU E RNP S IKE M40 E ROAD T V 4 2 RN A G NO S E T 3 4 WEST A R A339 Didcot T R 2 A339 Y H Riv C E er W R K E enne O T 1 Further retail warehousing and car showroom9 units are located to the west of the FT LAN t 0 O E 1 0 4 O B D Swindon Uxbridge D 16 Maidenhead Slough R LANE LONDON ROAD RETAIL PARKR property. IV NE iver 15 E BO Kenne 7 LONDON t 6 4 3 2 1 ALDI B AD Reading N RO ILL LANE 3 BO NDO M 4 NE LANE 14 HEATHROW LO NE 2 M4 R LA 1 A 14 13 Kingston BE 13 12 10 upon Thames 1 A Staines Lidl 4 ROAD 11 Bracknell B3421 HAMBRIDGE B D KING 342 E ROA DEMOGRAPHICS T S ROAD 1 MBRIDG A E A Pets at Home RAVEN RO D ET STRE H M3 11 Croydon L C MARK Sutton P ON A D 3 O R N K R Devizes OA B Camberley Epsom D B NEWBURY RACECOURSE W A 10 O Newbury has a captive, relatively young and extremely affluent population. R M25 A 9 A339 4 Woking A4 U Y T NEWBURY N 9 H D 7 A4 O D A R Farnborough N L O R Victoria ND O A339 5 6 LO Y 8 M Basingstoke Oxford ResearchPark Consultants calculate that there are 76,274 people within a 15-minute L E A34 6 A Aldershot EET W STR N Redhill OUND ’S ROAD P QUEEN E Reigate S 7 Farnham Guildford drive of London Road Retail Park. Newbury is also located within the District of West T Andover M23 A339 8 Riv GREENHAM ROAD RETAIL PARK Godalming Berkshire which has a population of 156,000. This is forecast to riseer Ke to 166,355 by 2036. nnet GATWICK 9 A343 G M3 10 E R AN E Crawley According toWest PROMIS, Newbury’s catchment Lpopulation is ranked 7th in terms of their Rive E E r Ken N BON B Berkshire H O ne A Museum M Haslemere 11 N Affluence Indicator. This is confirmed by the fact thatE the number of people in the N R 9 O L E A W Corn B3 A D Salisbury Winchester Horsham NE N 10 Exchange LL LA E 3 T I 4 B 4 O highest Social Grade AB withinM a 15-minute drive of London RoadO Retail Park is 44% 3 2 N 11 A W 1 E N Petersfield L A Wickes higher than the Great Britain average. R O 12 N A Haywards E D 13 Heath B3421 14 Eastleigh B3 4 AD 4 KING 21 E RO Levels of home and car ownershipS RO AwithinD a 15-minute driveBRIDG of London Road Retail Park 2 3 4 5 HAM 1 Southampton 1 are significantly higher than the Great Britain average. G 3 4 R 8 3 E S A E BO NEWBURY RACECOURSE N 9 3 M27 10 H A339 A 11 Chichester U M Ringwood 5 The proportion of the population that is economicallyN active within a 15-minute drive of R 12 Hove Brighton D 12 Littlehampton NEWBURY O AR A Newbury Racecourse D London Road RetailA339 Park is also significantlyY higher than the Great Britain average. Worthing N Gosport Portsmouth L A E W N Bognor Regis E T Cowes EN’S ROAD O The 15-minute drive time populationQUE has a total annual spend on comparison goods W N R O of £294 million.