Waterside Retail Park, Station Road, Ilkeston, Derbyshire

For sale £13,700,000 67,941 sq ft
9 months ago. Montagu Evans
Primary Photo of Waterside Retail Park, Station Road, Ilkeston, Derbyshire
Full address
Waterside Retail Park, Station Road, Ilkeston, Derbyshire - Ilkeston
Contact details
Asking price
£13,700,000
Property type
Shop, retail unit for sale
Features
Car park
Size
67,941 sq ft
Tenure
Freehold
NIY (%)
6.5

• Ilkeston is a large town on the border of Nottinghamshire and Derbyshire with a population of 38,640. The 15 minute drive time population is 113,827.
• The subject property is prominently positioned on Station Road, which connects to the A6096 a short distance to the east.
• Purpose built retail park totalling 67,941 sq ft plus 14,933 sq ft of mezzanines and 317 car parking spaces (1:214 sq ft ratio).
• Large site area of 6.5 acres.
• Freehold.
• Open A1 (part food) planning consent.
• Strong retailer line including M&S, Halfords, Iceland, Poundland, Argos, Jollyes and Poundstretcher.
• Secure income with a WAULT of 8.75 years to lease expiry and over 8.25 years to break.
• Total passing rent of £950,904 pa, reflecting a low average rent of £14.00 per sq ft.
• Monopoly scheme with good trading profile and an excellent record of tenant retention and new lettings.
• Asset management and development opportunities.
• Seeking offers in excess of £13,700,000 ((Thirteen Million, Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT.
• A purchase at this level would reflect an attractive net initial yield of 6.5% NIY¸ assuming purchase costs of 6.72%

This shop, retail unit for sale is located in Ilkeston

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National rail 0.3m Ilkeston
Nearest airport 16.5m Nottingham East Midlands

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