Verified listing
Share:

Retail storefront for sale in Weymouth

Weymouth, United Kingdom

80%

£15.578.000

Retail

#13312

Core+

3 Feb 2024

Property Details

Broker

Deactivated

117,501 sq.ft.

10,916 m²

Leasable area

132 £/sq.ft.

1,427 £/m²

9.00 %

Freehold

10

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Located in Weymouth, a popular staycation coastal town and commercial centre on the Jurassic Coast. An open air shopping centre comprising the principle retailing destination for Weymouth anchored by The Range, TK Maxx and Cineworld (Weymouth's only cinema). Multi let producing a current income of £1,496,375 per annum. Retail and leisure elements will be 100% let to national multiple tenants upon completion of the New Look lease. AWULT of approximately 6.10 years to expiry. Majority of tenants are on rebased post covid lease terms. Potential for a number of short and longer term asset management opportunities. Centre was completed in 1999 and is of steel frame construction, with a mixture of glazing and rendered brickwork or brick cladding.