Regent Centre, Kirkintilloch, G66 1JH
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Regent Centre, Kirkintilloch, G66 1JH A Shopping Centre Investment Opportunity Regent Centre, Kirkintilloch Investment Summary • Kirkintilloch is a desirable commuter town, 9 miles north east of Glasgow. • Kirkintilloch forms the dominant town centre offering within the East Dunbartonshire area, including the nearby conurbations of Lenzie and Bishopbriggs. The catchment population within 5 miles is 150,375 people. • The Regent Centre forms the prime retailing pitch and contains the only Tesco within the area. • The centre provides a covered mall arranged over two levels and extends to 79,072 sq. ft. The two storey roof top car park, which provides 190 free spaces, forms the main parking provision in the town. • Footfall is 2.3 million people per year. • Anchored by a 33,353 sq. ft. Tesco Metro, Boots, Superdrug and Poundland. • Gross income of £940,917 per annum and a net income of £681,944 per annum. • Held on a long leasehold expiring on 31 December 2139, with the ground rent being 10% of the rent receivable. • Attractive income profile with the potential to drive the asset forward through active management. • Offers in excess of£6,425,000 (Six Million Four Hundred and Twenty FIve Thousand Pounds Sterling) representing a net initial yield of 10.00% after allowing for purchaser’s costs of 6.15% based on Scotland’s Land and Buildings Transaction Tax (LBTT). Location Situation Kirkintilloch is a desirable commuter town within East Kirkintilloch is served by Lenzie Railway Station which is located The Regent Centre is situated in the heart of Kirkintilloch town Dunbartonshire, 9 miles from Glasgow and 21 miles south west of 1.4 miles south of the Regent Centre. Frequent bus services connect centre with the main entrance fronting the Cowgate, which is the Stirling. East Dunbartonshire has a population of 105,026 (Census Kirkintilloch with Glasgow, Stirling and neighbouring towns. prime retailing thoroughfare in the town. Surrounding occupiers 2011) and within a 5 minute drive time of the centre the population include New Look, M&Co and Bank of Scotland. A82 A9 A92 is 150,375 (2012 population estimate Census 2011). Woodilee Village between Kirkintilloch and Lenzie is currently subject to significant residential development. 900 new homes will The town benefits from excellent transport links with easy access be built on 210 acres of land between Lenzie and Kirkintilloch, where A91 to Glasgow, making it an attractive place for commuters. The M80 Persimmon, Miller, Charles Church and CALA are providing a range M90 Stepps bypass forms a crucial part of Scotland’s motorway network of modern flats and family homes. The new village of Woodielee will A9 connecting Glasgow and the west of Scotland with Stirlingshire, considerably increase the catchment of the RegentA84 Centre. Falkirk and Grangemouth. Glenrothes A91 A811 Stirling A92 A82 M9 Kirkcaldy Dunfermline Kirkintilloch M80 A985 Edinburgh Denny Glasgow Kirkintilloch A1 Falkirk M9 A90 EDINBURGH Newcastle Greenock A8 Bearsden M80 Cumbernauld M8 A1 Bishopbriggs Clydebank Livingstone A720 M8 A78 Paisley Airdrie Manchester A737 Glasgow A725 Motherwell Birmingham Hamilton East A702 A703 M77 Kilbride A7 London A72 Kilmarnock Irvine A71 A78 A77 Douglas M74 A68 Prestwick Ayr A70 H R E E T 4 G 7 O R R 6 1 L C T A I 1 C C S M A / D I H T D EN S T N T N A E E O S D E N N O H U L R O O F T 7 J R & R 3 LL P S A AR B 7 C S N 5 K E U E IO N H R T C N R I A U IS E `N S P D E E O F R H 8 A R S 7 C E C Y N IT A R C A 9 H 1 C Y 9 THE HOSPICE SHOP C 3 H A F S M 1 H R R B A A N 9 H H O C P S 9 P M T O O EN - E H G 2 C 1 O C S P 9 T A 0 C N T 1 L D A N E E O 1 R E RegentV Centre,R E Kirkintilloch T M A F 3 N R T IC 1 E E T E F T W 0 S B F E 3 U O R G R M O U G 1 A C IN T IN 4 G 0 & Ground Floor TT H 5 S E T P B O A I R L H C C A T N 5 A E N T 1 / C E 0 T O A N I E C E 9 A T W A R H T T V N E S S S 1 E U S S 8 1 G E R P A A R N 1 A N P 1 B P B A F E X O - E L S 1 /W N A E M 1 S 6 P O G O 3 / G V 1 C S & L C E N F O P I P A E T S O L BRIGHTHOUSE 1 A O V Y L S S G E D L E 1 E E 2 R 5 W R C I I E I O D S S S R N I 0 T C I A T T A H R D T T I S 1 N N A 7 1 E A R P L 9 C Y 4 A IT E E 15 1 1 V IL D S T B N T 8 2 A LA N L 1 P T R FT A A A O A I C C 1 C C H L A I S C E T S 2 S H N V P E N 3 S O R IA I P - 1 IN X IC M E T 1 2 E JEWELLERS P 7 S O 9 2 G D 5 - R ROBINSONS THE A 1 C 2 9 1 0 S IR TA S T N A C A V S E R V IC E K Y N 1 A A 0 R T B 0 D D E N A E L 1 R T 0 O E 4 T T C A & S G E 1 S W N E F O O TR 0 O C H N R P E R 6 E E K C H O 1 N P C C R R M 0 A O LA & E B C L S 8 Description O A L G I N T K A N O S C L LI N A O A S S C Y The centre was developed in 1991 and forms a covered mall I T R U E A L comprising 17 retail units anchored by supermarket. 10 of the retail M E A A B D S units have a frontage on to the Cowgate. Arranged over ground and E D first floors the centre provides a net lettable area of approximately LY 79,072 sq. ft. (7,346 sq. m.). The main entrance to the mall is situated C on the Cowgate and there is through access into the mall from Tesco and Poundland. Car parking is provided over 2 levels offering V A 190 spaces. The car park was resurfaced in October 2013. C A N T R H R E E T 4 G 7 O R R 6 1 L C T A I 1 C C S M A / D I H T D EN S T N T N A E E O S D E N N O H U L R O O F T 7 J R & R 3 LL P S A AR B 7 C S N 5 K E U E IO N H R T C N R I A U IS E `N S P D E E O F R H 8 A R S 7 C E C Y N IT A R C A 9 H 1 C Y 9 THE HOSPICE SHOP C 3 H A F S M 1 H R R B A A N 9 H H O C P S 9 P M T O O EN - E H G 2 C 1 O C S P 9 T A 0 C N T 1 D A EL E 1 R N V R E O T E A F 3 N M R T IC 1 E E T E F T W 0 S B F E 3 U O R G R M O U G 1 A C IN T IN 4 G 0 & TT H 5 S E T P B O A I R L H C First Floor C A T N 5 A E N T 1 / C E 0 T O A N I E C E 9 A T W A R H T T V N E S S S 1 E U S S 8 1 G E R P A A R N 1 A N P 1 B P B A F E X O - E L S 1 /W N A E M 1 S 6 P O G O 3 / G V 1 C S & L C E N F O P I P A E T S O L BRIGHTHOUSE 1 A O V Y L S S G E D L E 1 E E 2 R 5 W R C I I E I O D S S S R N I 0 T C I A T T A H R D T T I S 1 N N A 7 1 E A R P L 9 C Y 4 A IT E E 15 1 1 V IL D S T B N T 8 2 A LA N L 1 P T R FT A A A O A I C C 1 C C H L A I S C E T S 2 S H N V P E N 3 S O R IA I P - 1 IN X IC M E T 1 2 E JEWELLERS P 7 S O 9 2 G D 5 - R ROBINSONS THE A 1 C 2 9 1 0 S IR TA SOLE S T TRADING STO N RE A WC COMPANY C A SHOE V 9 S REPAIRS 1 E R 1 V 8 QERO 6 IC FAST E - S FOOD IC 1 EE F A F K Y T N 1 A I O ID A 0 RN O T B 0 DG V D E N A E L 1 R T 0 O E 4 T T C A & S G E 1 S W N E F O O TR 0 O C H N R P E R 6 E E K C H O 1 N P C C R R M 0 A O LA & E STAIRS B C L S 8 O A G IL STORES FOR GROUND FLOOR RETAIL UNITS N T S KIR A O TA N L S C S LI N A O A S S C Y I T R U E A L M E A A B D S E R D O LY O C F V A C A N T R P STAIRS Regent Centre, Kirkintilloch Tenancy Schedule The centre is well secured with national retailers accounting for 94% of the gross income.