DOCSLIB.ORG

WW Great Yarmouth

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
WW Great Yarmouth ENTER MATALAN & FARMFOODS SOUTHTOWN ROAD, GREAT YARMOUTH, NR31 0JB Open A1 Retail Warehouse Investment Opportunity Catchment & Retail Warehousing in Planning, Tenure, Investment Summary Location Description Further Information Demographics Great Yarmouth & Situation Tenancy & Covenant Back | Next MATALAN & FARMFOODS SOUTHTOWN ROAD, GREAT YARMOUTH INVESTMENT SUMMARY • Great Yarmouth is a popular Norfolk seaside town, 20 miles east of Norwich. • Over 5 million people stay overnight in the town each year, with tourism generating over £530 million annually. • Great Yarmouth benefits from having a captive catchment population due to its distance from competing retail centres. • The subject property is situated in a prominent and accessible location at the junction of Southtown Road and the A1243 Bridge Road. • The property is let to Matalan for a further 8.75 years at a rent of £389,468 per annum, equating to a low rate of £10.05 per sq ft. • Farmfoods have sub-let circa 10,000 sq ft from Matalan and there is the opportunity to agree a direct lease with them. • The property benefits from having a fully open A1 planning consent, including the sale of food. • The property occupies a large site of 2.9 acres, giving the potential for further development in the future. • We are instructed to seek offers for the property based on an attractive net initial yield of 8.00% (assuming purchaser’s costs at 6.57%), giving a purchase price of £4,569,000 (Four Million and Five Hundred and Sixty Nine Thousand Pounds), subject to contract and exclusive of VAT. Catchment & Retail Warehousing in Planning, Tenure, Investment Summary Location Description Further Information Demographics Great Yarmouth & Situation Tenancy & Covenant Back | Next A Y C A T S U A LOCATION L NDOW E N RO E Q AD N E R E H W T H T S T R R R D Great Yarmouth is a popular seaside resort on the Norfolk coast situated at O E A O T O A A D N N O the mouth of the River Yare. The town is located approximately 20 miles east G R D Y TH A E of Norwich, 54 miles north of Ipswich and 133 miles north-east of London. O R 2 L R 1 O S A GREAT YARMOUTH N E F N U L O L L LE S E The town benefits from good road communications with the A12 linking Great L R E W E H V I I L N Yarmouth to Lowestoft and Ipswich to the south and the A47 providing access L R D H to Norwich to the west. T R T N O AD O E ST EU R N E O R O T N R H M S K There is a regular rail link to Norwich where services are available to London T O T A E I H N E W R G M G K Q R Liverpool Street, with a journey time to London of approximately 2½ hours. A E P RD ET R K O AR U S E M T L MIDDL E D A T E G P Y R S L R M E A O Norwich Airport is located 22 miles to the west of Great Yarmouth via the A47. I T E L A T L R T C REE D T E E S R MATALAN & ENT O E EG T R A A FARMFOODS D P ALBION ROAD S D L R E E Y G D R I G R RE O D Y A B F K A O R IN D I Boston Cromer R A E S R G H S S T O RAFALG D S O W S AR ROAD U T A R U A Y A T R R T L H E D Fakenham M A H E A P E T Q T N R E 2 1 O U T E N A A W N Spalding I Y T S E D N R O I GREAT YARMOUTH D King’s Lynn A C A D R L O E L M A D R O O H R S A R R O E Y N D U Wisbech U O Swaham A Norwich I S Stamford T T D A STER ROA C S E N W A LA T Downham Market A S S S P N E T O Peterborough N R E S O L E J E T Lowestoft N Corby Oundle Beccles Thetford Diss Huntingdon Southwold Newmarket 14 Bury 13 Stowmarket 12 Cambridge St Edmunds 11 Biggleswade 10 9 Ipswich 14 Royston Saron Walden 13 10 M11 9 12 Hitchin 8 M1 Stevenage Braintree 7 11 8 Colchester Luton Bishop's STANSTED 10 A1(M) Stortford 9 6 St 5 Harlow 4 Welwyn 8 Albans 3 Garden 7 Chelmsford 7 1 2 22 City 20 24 M25 25 26 19 5 18 5 17 4 Catchment & Retail Warehousing in Planning, Tenure, Investment Summary Location Description Further Information Demographics Great Yarmouth & Situation Tenancy & Covenant Back | Next CATCHMENT & DEMOGRAPHICS Great Yarmouth has a catchment population of approximately 115,000 Great Yarmouth remains a working port and an important supply base people, making it the second largest town in Norfolk, after Norwich. for the North Sea oil and gas exploration industry. It is home to a 400-company-strong marine energy supply chain with almost 50 years of There is a catchment population of 68,022 people living within a 10 minute offshore experience as the principal base for Southern North Sea (SNS) gas Great Yarmouth is drive time of the subject property, extending to 115,741 people within a operations. Many multinational businesses have established operations 20 minute drive time. in Great Yarmouth, including Aker Solutions, AMEC, Petrofac, Halliburton a popular seaside and Schlumberger. More recently, it has developed into a centre for the resort on the Tourism is an important employment sector, generating around £530 million installation and maintenance of off-shore wind power generation, due to annually for the local economy from an estimated 5 million overnight the port’s proximity to Scroby Sands Wind Farm. Wind power is a sector Norfolk coast visitors and 4 million day visitors. The town benefits from its extensive where significant future growth is projected and Great Yarmouth is already beachfront known as the ‘Golden Mile’ and its associated holiday England’s leading location for offshore energy. attractions. It is also a tourist base for the nearby Norfolk Broads. RETAIL WAREHOUSING IN GREAT YARMOUTH Retail warehouse supply in Great Yarmouth is limited totalling just 320,000 sq ft. The lack of retail warehousing means there is good demand for Great Yarmouth with many national retailers not represented here including Dunelm, Poundstretcher and The Range. As the town is located 11 miles north of Lowestoft and 20 miles east of Norwich, the distance between these competing centres result in Great Yarmouth retaining the majority of the available spend within its catchment population. The main retail warehousing in Great Yarmouth includes: Great Yarmouth Shopping Park - This scheme totals 129,166 sq ft with occupiers including Sports Direct, Outfit, M&S Simply Food, Carpetright, TK Maxx, Poundland, Halfords and Next. Rents on the scheme are circa £25.00 per sq ft for a 6,000 sq ft unit. The park benefits from an open A1 planning consent and is the dominant scheme in the town. This scheme was recently sold for a 6% net initial yield. Investment Summary Pasteur Retail Park - This is a bulky goods consented, 122,000 sq ft scheme anchored by B&Q. Other tenants include Home Bargains, Argos, Pets at Home and Tapi. This park is the only bulky goods scheme in the town. The most recent letting was to Tapi in a 5,000 sq ft unit at £16 per sq ft. There is a standalone B&M Homestore of 35,597 sq ft, a Lidl and a 98,000 sq ft Tesco Extra located in close proximity to the subject property. Staples and Bensons for Beds also have standalone units in Great Yarmouth. Location Demographics Catchment & Great Yarmouth & Situation Retail Warehousing in TESCO GREAT YARMOUTH SHOPPING PARK SITUATION BENSON FOR BEDS The subject property occupies a prominent location fronting the A1243 Bridge Road at its junction with Southtown Road, approximately 1 mile to the south west of the town centre. The property is accessed via Southtown Road off Bridge Road which links to the A12, 0.7 miles south west. A12 Description A12 J M A B&M HOMESTORES O I 1 N L 2 ES L WAYS R O A D PA ST GREAT YARMOUTH U FARMFOODS ER MATALAN & STAFFORD ROAD STAFFORD RO S AD PASTUER RETAIL PARK TA T IO A C N Tenancy & Covenant L E R Planning, Tenure, O N E LICHFIELD ROAD LICHFIELD A D W R O R O T N H A Q U D B A S Y O R U I T D H T G O LIDL W E N R R O A D D GEOR GE STR UAY EET NOR T H Q F U A R W D O S H T R L E G E L T E R E R Y H F R I L I A S L O K I N G R S U T N S T R O H E R T E Q H W T G M U A A R T A A K E Y Further Information Y E S T T P L A STAPLES C E S O U T T H O G A K L T E L N I S H R O O G A T U D E S M E S S P T R L E E E T T R R O A E D E T M D E N I E D S I D E D L A E E T R U L R E M B S A G A I T F O L E R QUEEN’S ROAD O A A N N K N L N T E G R R T C S S O A O A A T R R N ROAD NORTH A NELSO A R N S D D D R E ROAD T D N E O O ELS E N O T R Back | Next A W D R N O WELLESLEY R ROAD A D O A P S L E Y R O A D A D S BEACH PARADE MARINE PARADE NORTH DRIVE Catchment & Retail Warehousing in Planning, Tenure, Investment Summary Location Description Further Information Demographics Great Yarmouth & Situation Tenancy & Covenant Back | Next DESCRIPTION The subject property comprises a standalone unit let to Matalan, with part sub-let to Farmfoods.
Load more

Recommended publications
  • 2010 Retail Foods United Kingdom
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 2/3/2011 GAIN Report Number: United Kingdom Retail Foods 2010 Approved By: Daryl A. Brehm Prepared By: Julie Vasquez-Nicholson Report Highlights: In the UK the retail grocery industry is concentrated with eighty-two percent market share in the hands of just five supermarket chains. The remainder is scattered over hundreds of outlets. This report overviews the characteristics of UK retail outlets and how best to place U.S. products in the UK market. Post: London Executive Summary: SECTION I. MARKET SUMMARY Overview Over the last 12 months, the UK food and drink industry has faced challenging trading conditions as shoppers, manufacturers and retailers have been impacted by a range of factors. Increased pressure on household budgets, unemployment, the banking crisis, and the availability of credit continues to impact consumer spending. Despite these challenges, the UK food and grocery market remains robust. While not recession proof, food and grocery is more resilient to the current downturn in the economic market than other sectors. The UK grocery market was worth £150.8 billion ($241.3 billion) for calendar year 2010. This is an increase of 3.1 percent over 2009. Groceries account for 12.8 percent of total household spending in the UK, making it the third largest area of expenditure, following housing and transport. Food and grocery expenditures account for 53p in every £1.00 of retail spending (excluding restaurants). 21p in every £1.00 spent on food and grocery is spent in convenience stores.
    [Show full text]
  • Multichannel-Now-Retail-Week.Pdf
    Contents Foreword Page 3 Sponsor foreword Page 4 Executive summary Page 5 Chapter 1 Retailers reorganising around the customer Page 8 Structural and operational changes taking place in businesses prove that retailers are using actions, not just words, when it comes to creating genuine cross-channel customer experiences Chapter 2 Property: what lies ahead for stores? Page 14 Changing footfall patterns combined with the cannibalisation of store sales by online channels is polarising the retail property market. But the good news is that retailers realise they must invest in the space they want to keep Chapter 3 Pricing, promotions and marketing in a multichannel world Page 18 In non-food retail in particular, online promotions are creating price differentials between channels. But online marketing channels are allowing retailers to stretch their budgets further Chapter 4 Mobile: the connective tissue between all other channels Page 22 Customers’ desire to use mobiles to support online and offline purchases is evident. Retailers are quickly finding how valuable mobile is as a sales channel and to create seamless journeys between other channels Chapter 5 The last mile for delivery, fulfilment and click and collectPage 27 The fulfilment of web orders is one of the most competitive areas of multichannel retailing. We explain why convenience is winning over pure speed, and how this impacts the premium services being launched Chapter 6 International expansion moves from passive to active Page 31 The first wave of international expansion through ecommerce has caught on. Now retailers are using the data collected from international delivery to further target markets with the most potential Chapter 7 Channel proliferation and the rise of the marketplace Page 35 Complicating matters for retailers is the creation of channels such as mobile, Facebook and international ecommerce.
    [Show full text]
  • Marketing Brochure/Flyer
    PRIME TOWN CENTRE SITE FOR SALE Mixed Commercial Development Opportunity 8.58 acres (3.47 hectares) approx 2 Abbotsford Road Clydebank G81 1PA Clydebank is an historic town located on the CLYDEBANK north western edge of the Glasgow conurbation. Situated between the Kilpatrick Hills and the River Clyde, the town’s past is synonymous with shipbuilding and engineering activities. The town has a resident population of approximately 31,000 and is the biggest town in the West Dunbartonshire Council area which itself has a population of 89,810 persons. LOCAL ECONOMY Catchment Housing Statistics West Dunbartonshire Council serves 89,810 residents and There are 45,155 dwellings in West Dunbartonshire. has a lively business community in an area stretching from Owner occupation accounts for approximately 54% of the banks of Loch Lomond to the shores of the River Clyde. this total with the private rented sector having risen to 8% of the total recently. Clydebank is the largest of the three town centres in West Dunbartonshire, with a population of 30,824 (2012). Social rented housing from the Council makes up 25% of the total stock. Social rented housing from The estimated shopping catchment within a 10 min drive time registered social landlords comprising the remaining 13%. c 82,000 ; 20 min c 383,000 (Source 2011 Census) There are current plans for over 1,000 new homes at The major employers within Clydebank and West Queen’s Quay in Clydebank town centre. Dunbartonshire Council area include Faslane, Clydebank College, West Dunbartonshire Council, Chivas Ltd, Aggreko UK Ltd, De Vere Cameron House Hotel, Diamond Power Specialty Ltd, Labelgraphics (Glasgow) Ltd, National Australia Group, Subsea7, Northern Marine Management Limited, RHI Refractories Ltd, Terasaki Electric (Europe) Ltd and National Health Service (Golden Jubilee).
    [Show full text]
  • Grocery Retail Structure 2016
    Grocery Retail Structure 2016 Stores Change Store numbers Change Store numbers Change Co-operative Societies 2015 2016 Y-O-Y Multiple Retailers 2015 2016 Y-O-Y Specialist CTNs 2015 2016 Y-O-Y The Co-operative Group 1,836 1955 6.5% Tesco 504 504 0.0% Mccoll's Retail Group (Martins/RS McColl’s) 516 450 -12.8% Midcounties 181 159 -12.2% Tesco (attached) 485 485 0.0% JCR (Rippleglen) 85 86 1.2% Southern 188 185 -1.6% Tesco (standalone) 19 19 0.0% Aleef News 15 30 100.0% Scotmid 160 154 -3.8% Morrisons 333 334 0.3% Other CTNs 2,385 2301 -3.5% Central England 155 151 -2.6% Morrisons (attached) 317 318 0.3% Co-operatives Store numbers Change TOTAL 3,001 2,867 -4.5% SUPERMARKETS SUPERSTORES HYPERMARKETS East of England 82 84 2.4% Morrisons (standalone) 16 16 0.0% 2015 2016 2015 2016 2015 2016 2015 2016 Y-O-Y Lincolnshire 64 66 3.1% Sainsbury's 299 303 1.3% The Co-operative Group 726 679 – – – – 726 679 -6.5% Chelmsford Star 35 30 -14.3% Sainsbury's (attached) 281 278 -1.1% Central England 104 118 3 3 – – 107 121 13.1% Specialist Off-licences Heart of England 23 24 4.3% Sainsbury's (standalone) 18 25 38.9% Midcounties 63 64 – – – – 63 64 1.6% Bargain Booze (total) 463 465 0.4% Tamworth 12 11 -8.3% Asda 261 280 7.3% East of England 50 55 – – – – 50 55 10.0% Bargain Booze 223 223 0.0% Other Co-operatives 29 31 6.9% Asda (attached) 240 257 7.1% Scotmid 37 36 – – – – 37 36 -2.7% Bargain Booze Plus 214 214 0.0% TOTAL 2,765 2,850 3.1% Asda (standalone) 21 23 9.5% Southern 20 19 – – – – 20 19 -5.0% Wine Rack 26 28 7.7% Co-operative Societies 256 246 -3.9% Lincolnshire 15 16 – – – – 15 16 6.7% Majestic Wine Warehouse 211 216 2.4% 14 15 1 1 FORECOURTS The Co-operative Group (attached) 13 8 -38.5% Channel Islands – – 15 16 6.7% Whittalls (incl.
    [Show full text]
  • Food Shopping Guide
    Food shopping guide You can use this food shopping guide to help budget for your living costs while studying in Edinburgh. You’ll find information about supermarkets, local shops and eating out within easy reach of the University’s central area to help you make the right choices. Top tips! Supermarkets nearby • Buying food on a weekly basis can keep costs • Frozen fruit and vegetables are just as healthy down and avoid waste. as fresh; they can be kept longer and are often cheaper too. • Sharing food shopping with flatmates or friends can save time and money. • Student discounts are often offered by restaurants and take-aways - always ask! • Most supermarkets offer an online ordering and delivery service for a small charge. • Finding foods from around the world is possible at speciality food shops and many larger • Just before supermarkets close they often offer supermarkets. discounts on foods that have a short life-span. • Trying local alternativesTO LEITH is a good option if you • Preparing fresh meals is cheaper and healthier than can’t find the things you would normally buy. buying pre-prepared meals or take-away food. ALBERT ST K AL W ER RD EITH T L EAS Supermarkets nearby ACE RR TE TROSE MON Most major supermarkets chains have HANNOVE stores in and around Edinburgh. Many R ST 3 of these are close to the central area of 9 PRINCES the University. MALL 1 1 ROYAL MILE 3 1 Tesco 3 2 Lidl 1 3 Sainsbury’s 1 3 3 2 4 Morrisons (not on map) 5 7 1 3 5 C 3 LE 5 RK 1 S Scotmid T S.
    [Show full text]
  • Lidl Surprises
    A winning Lidl 4.6 partnership. Retail This is the story of how a retailer, a creative agency, a media agency and a media owner worked together to transform a brand’s perception, A winning Lidl grow it’s market share, increase it’s revenue… and also create a national shortage of chocolate cake! partnership. Using Scotland as a test bed, not only did this incredibly successful campaign help transform the fate of Lidl in Scotland but it also helped inform a multi million pound UK wide marketing transformation of Lidl UK. Lidl began life as a small grocery wholesaler in Germany during the 1930’s. Today, Lidl is one of Some Lidl bites Europe’s largest supermarket retailers. It now boasts 9000 stores in 23 countries, with 590 stores in the UK alone. Lidl prides itself on its legendary German efficiency, adopting an incredibly streamlined business model that delivers great food cheaply. Germans get this and love Lidl for it. 9000 Stores 23 Countries 590 Stores in the UK The Problem Perception Reality “It’s safe to say that Lidl is probably one of the “We’re a supermarket that operates very differently most underestimated supermarkets in the UK. The from what’s out there. We proudly serve our Perception vs reality. misconception between the perceived quality customers the very finest products for the lowest and what the customers actually get when they prices, a result of clever efficiency, saving and a come into our stores is drastic.” meticulous sourcing process.” (Head of Campaigns, Lidl, Holly Cooke (Managing Director of Lidl Scotland, Ross Millar) Lidl’s message of quality produce at low prices, whilst well recieved accross Europe, hadn’t filtered through to the UK market.
    [Show full text]
  • Phoenix Retail Park Swansea
    A development by Phoenix Retail Park Swansea www.barberry.co.uk LAST UNITFOR OCCUPATIONIMMEDIATE AVAILABLE 68,500 sq ft Open A1 Retail Park Location Map The retail park is located approximately 4 miles north of Swansea City Centre and within 2 miles of Junctions 45 47 44/45 of the M4. Adjacent M4 46 occupiers include Tesco Extra, A48 Asda, Halfords, Greggs, ScS, A4240 M4 Maplin, Smyths Toys, B&M and Farmfoods. A4067 44 A484 PHOENIX RETAIL PARK A4217 A384 PHOENIX RETAIL PARK Swansea A4216 City Centre Swansea A483 A4118 B R A N C L O S E Scheme Plan Unit sqF E ftN D R Osq D m W A Y Let1 B&M 18,856 1,752 2 TO LET 18,600 1,728 Let3 Iceland 6,650 617 Let4 Poundworld 10,000 929 NANTYFFIN ROAD Let5 Home Bargains 10,000 929 MANNESMANN CLOSE FENDROD WAY Barberry has comprehensively refurbished the retail park including external recladding, NEW ACCESS UNDER CONSTRUCTION internal refurbishment, landscaping and car parking resurfacing and 240 car parKING spacES Unit 1 have completed lettings to B&M, Poundworld, Iceland Enterprise Park and Home Bargains. PHOENIX WAY Unit 2 is now available LION WAY Unit 2 comprising up to 18,600 sq ft Unit 5 Unit 4 Unit 3 but capable of sub-division to provide accommodation ROAD NANTYFFIN from 7,500 sq ft. The park benefits from Open A1 planning consent. Satnav reference: SA7 9EH C A S T E L L C L O S E For further information, contact: Tim Edwards 0207 493 4455 n Open A1 consent [email protected] n Last unit remaining n Possible sub-division available n Opposite Tesco Extra Richard Ryan 0292 037 8921 n Established retail location [email protected] www.phoenixretailpark.co.uk MISREPRESENTATION NOTICE Morgan Williams and Fletcher Morgan for themselves and for the Vendors of the property whose Agents they are, give notice that:- i.
    [Show full text]
  • Neasham Road
    OPEN A1 RETAIL PARK INVESTMENT NEASHAM ROAD RETAIL CENTRE DARLINGTON DL1 4PF Neasham Road Retail Centre, Neasham Road, Darlington DARLINGTON TOWN CENTRE Executive Summary FEETHAMS • Darlington is a large market town in County Durham, LEISURE SCHEME located 16 miles west of Middlesbrough and 37 miles south of Newcastle-upon-Tyne. • Primary catchment area of 314,000 and an estimated shopping population of 170,000. DARLINGTON TRAIN STATION • Prominently situated Retail Park approximately 3/4 of a mile to the east of the town centre directly behind Darlington train station. • Freehold. • Purpose built Retail Park providing over 67,000 sq ft with over 300 car parking spaces providing a low average ratio of 1: 208 sq ft. NEASHAM ROAD RETAIL CENTRE • Predominantly Open A1 (including food) retail planning consent. • Fully let to Matalan, Poundworld, Farmfoods, Asda (long NEASHAM ROAD leasehold) and Ladbrokes producing a total rent of £746,700 per annum (£11.07 per sq ft). • Attractive WAULT over 9 years. • Undoubted covenants (majority rated “minimum risk”) • Asset management opportunities including lease re-structuring, downsizing and further development. • Planning consent for two additional retail units, totalling Location 2,300 sq ft (split 50:50), with A1, A2, A3 and A5 consent. Darlington is a large and busy market town in County Durham, located approximately 16 miles west of Middlesbrough • Offers are sought in excess £10,370,000 (Ten Million and 37 miles south of Newcastle-upon-Tyne. Three Hundred and Seventy Thousand Pounds) subject The town benefits from excellent road communications, being situated 3 miles east of the A1(M), connecting the town to to contract and exclusive of VAT.
    [Show full text]
  • The World's Most Active Retail Professionals on Social - August 2021
    The World's Most Active Retail Professionals on Social - August 2021 Industry at a glance: Why should you care? So, where does your company rank? Position Company Name LinkedIn URL Location Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 Jean Lain Automobiles https://www.linkedin.com/company/jean-lain-automobiles/France 661 122 18.46% 2 Sensormatic https://www.linkedin.com/company/sensormatic/Switzerland 793 129 16.27% 3 Pilot Company https://www.linkedin.com/company/thepilotco/United States 517 83 16.05% 4 Altar'd State https://www.linkedin.com/company/altar'd-state/United States 1,232 187 15.18% 5 Spreetail https://www.linkedin.com/company/spreetail/United States 964 142 14.73% 6 Lovesac https://www.linkedin.com/company/lovesac/United States 608 81 13.32% 7 Purple https://www.linkedin.com/company/purple-innovation-llc/United States 926 118 12.74% 8 McArthurGlen Group https://www.linkedin.com/company/mcarthurglen-group/United Kingdom 745 93 12.48% 9 The Very Group https://www.linkedin.com/company/the-very-group/United Kingdom 1,610 198 12.30% 10 Aldi Portugal https://www.linkedin.com/company/aldi-portugal/Portugal 628 75 11.94% 11 WooliesX https://www.linkedin.com/company/wooliesx/Australia 1,219 145 11.89% 12 Sainsbury's Digital, Tech and Datahttps://www.linkedin.com/company/sainsburysdtd/United Kingdom 515 58 11.26% 13 Qurate Retail Group https://www.linkedin.com/company/qurateretailgroup/United States 974 108 11.09% 14 La Vie Claire https://www.linkedin.com/company/la-vie-claire-sa/France 588 64
    [Show full text]
  • Neasham Road Retail Centre Darlington Dl1 4Pf Nr Open A1 Retail Park Investment Nr Nr Darlington Town Centre
    NEASHAM ROAD RETAIL CENTRE DARLINGTON DL1 4PF NR OPEN A1 RETAIL PARK INVESTMENT NR NR DARLINGTON TOWN CENTRE DARLINGTON TRAIN STATION PERSIMMON HOMES DEVELOPMENT THE PREVIOUS PLANNING APPLICATION HAS NOW LAPSED FOR A RETAIL TERRACE OF 5 UNITS TOTALLING 3,600 SQ FT PLANNING CONSENT FOR 2 UNITS TOTALLING 2,300 SQ FT For indicative purposes only. INVESTMENT CONSIDERATIONS ■ Darlington is a large market town in County ■ Predominantly Open A1 (including food) retail ■ Planning consent for two additional retail units Durham planning consent totalling 2,300 sq ft (split 50:50) with A1, A2, A3 ■ Well located purpose built Retail Park a short ■ 92% let to the national covenants of Matalan, and A5 consent walk from the town centre Farmfoods, Ladbrokes and Asda (long leasehold) ■ Offers sought in excess of £8,480,000 ■ Adjacent to Darlington Train Station ■ Total rent of £755,280 per annum averaging (Eight Million Four Hundred and Eighty Thousand Pounds) subject to contract and ■ Over 180,000 people live within a 20 minute £13.19 psf exclusive of VAT. A purchase at this level drive time catchment of the town ■ W A U L T o f7.65 years reflects an attractive net initial yield of ■ Freehold ■ Asset management opportunities include 8.35% assuming usual purchaser’s costs. ■ Total floor area of 67,444 sq ft re-letting the vacant unit, lease restructuring and further development T E E R T S WILLIAM STREET S D S O R R L C L E N D Y EN E M W AR M K H S TRE E ET S S O E ABERDEEN R O A d D a o HE HAUGHTON R NR Y S h T LE SKERNE t r o N T 7 S 6 D WHE 1 N SSOE
    [Show full text]
  • Retail Capacity Study (2020)
    Fife Council Fife Retail Capacity Study 2020 December 2020 Roderick MacLeanJanuary Associates 2017 Ltd In association with Ryden 1/2 West Cherrybank, Stanley Road Edinburgh EH6 4SW Tel. 0131 552 4440 Mobile 0775 265 5706 e mail roderick @ rmacleanassociates.com June 2016 Contents 1 Introduction and catchment areas ............................................................................. 1 1.1 Scope ............................................................................................................. 1 1.2 List of updates................................................................................................. 1 1.3 Retail catchment areas and population projections .......................................... 1 2 Planning policy framework ........................................................................................ 3 2.1 Introduction ..................................................................................................... 3 2.2 Scottish Planning Policy .................................................................................. 3 2.3 National Planning Framework .......................................................................... 4 2.4 Reforms to the planning system ...................................................................... 4 2.5 SESplan 2013 ................................................................................................. 4 2.6 TAYplan .......................................................................................................... 4 2.7 FIFEplan ........................................................................................................
    [Show full text]
  • Poundland/99P: Provisional Findings Report
    Anticipated acquisition by Poundland Group plc of 99p Stores Limited Appendices and glossary Appendix A: Terms of reference and conduct of the inquiry Appendix B: 99p financial information Appendix C: Counterfactual Appendix D: Customer survey Appendix E: Econometric analysis Appendix F: Incentive to vary local parameters of competition Glossary APPENDIX A Terms of reference and conduct of the inquiry Terms of reference 1. On 17 April 2015, the CMA referred the anticipated acquisition by Poundland Group plc of 99p Stores Ltd for an in-depth (phase 2) merger investigation: 1. In exercise of its duty under section 33(1) of the Enterprise Act 2002 (the Act) the Competition and Markets Authority (CMA) believes that it is or may be the case that: (a) arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation in that: (i) enterprises carried on by Poundland Group plc will cease to be distinct from enterprises carried on by 99p Stores Limited (together the Parties); and (ii) the condition specified in section 23(1)(b) of the Act is satisfied, and (b) the creation of that situation may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom (the UK) for goods or services, including the retail supply of general merchandise by single price point retailers and value general merchandise retailers in: (i) 80 local areas where both the Parties operate within less than one mile from each other; and (ii) 12 additional local areas where the Parties’ pipeline stores will overlap with an existing store of the other party.
    [Show full text]