Modern Dominant Town Centre Shopping Centre accounting for over 50% of St Austell retailing.
□ Densely populated town within Cornwall with a county population of over 560,000.
□ Strong annual footfall of 3.2 million visitors enhanced by numerous nearby tourist attractions.
□ BREEAM rated ‘Excellent’ scheme (constructed in 2009) providing 28 retail and leisure units totalling 16,543 sq m (178,077 sq ft).
□ The scheme includes the main town centre multi-storey car park totalling 550 spaces.
□ National brands include Wilko, TK Maxx, Peacocks, Superdrug, Costa and Lloyds Bank.
□ Total Contracted Rent of £1,647,504 per annum.
□ Net Operating Income of £1,207,095 per annum.
□ WAULT of 4.32 years to expiry (3.14 years to break).
□ Numerous development opportunities to alternative uses, including residential, subject to necessary consents.
□ Offers sought in excess of £10,000,000, subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Triple Net Initial Yield of 11.30% and low capital rate of £56 psf, subject to standard purchaser’s costs.