Park Place Retail on LinkedIn: #retailpark #retailwarehouse #retailinvestment #outoftown #parkplaceretail (2024)

We won’t be applying for Mastermind just yet, but very pleased to have come 6th out of the 15 teams at the Accessible Retail - One voice for Retail Warehouse and Superstore Property quiz night ! A great event, raising money for charity. Thank you to James Hamilton, James Honeyman, Dreams PureGym and AR for hosting and sponsoring the event. We had a great night!

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INVESTMENT SALE | CHESTERFIELD | WHEATBRIDGE RETAIL PARKPark Place Retail are instructed to sell this secure retail park investment opportunity, situated in the East Midlands, 12 miles south of Sheffield and 24 miles north of Derby, in the town’s main retail warehouse pitch close to Ravenside Retail Park, Spa Retail Park, Lordsmill Retail Park and Markham Retail Park.Wheatbridge Retail Park extends to 52,944 sq ft (3.71 acres – 1.48 hectares) and is fully let to Wickes (expiry 06/2031), Carpetright (expiry 09/2033 – TBO 09/2028) and Smyths Toys (expiry 11/2038 – TBO 11/2028), providing a WAULT of 9.3 years (6.1 years to TBO).It produces a rental income of £544,488 per annum, equating to a low average rent of £10.28 per sq ft, and benefits from Class E planning consent.We are seeking offers in excess of £6 million / NIY 8.50%. For further information, please contact:- Miles Marten | 07770 748 290 | miles.marten@parkplaceretail.co.uk#retailinvestment #retailpark #outoftown

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GLASGOW | ROBROYSTON RETAIL PARK16,000 SQ FT TO LET (MAY SUBDIVIDE) | IMMEDIATELY AVAILABLEFollowing abortive negotiations, we are remarketing 16,000 sq ft at Robroyston Retail Park, which is capable of subdivision into units from circa 6,000 sq ft. The retail park is anchored by B&M with other occupiers include Lidl, Food Warehouse, One Beyond and PureGym. Adjacent to the retail park is a 100,000 sq ft Asda foodstore.Robroyston Retail Park fronts the busy B765, which links to Junction 2 of the M80.For further detail please contact:-David Marsden | 07786 513 597 | david.marsden@parkplaceretail.co.uk#retailwarehouse #outoftown #parkplaceretail

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We have received instructions from our client to request offers for the Tandem Centre in Colliers Wood.All offers should be received in writing by 5.00pm on Tuesday 16 April, and include details on the following:-- Purchase price assuming full purchaser's costs, exclusive of VAT.- Identity of proposed purchaser including relevant background information.- Details of approval process and the timescale.- Full details of how the purchase is to be financed.- Timetable for exchange and completion of contract.- Solicitor's details.- Due diligence completed to date including confirmation that the dataroom has been reviewed.- Any other conditions not detailed above.Parties will be required to comply with Anti-Money Laundering procedures.Our client reserves the right not to accept the highest or indeed any offer received.We look forward to receiving your written proposal. Should you have any queries, please do not hesitate to contact:-Miles Marten| 07770 748 290 |miles.marten@parkplaceretail.co.uk

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We are delighted to be named 3rd out of the top 10 Letting Agents for Retail Parks by Trevor Wood Associates, a fantastic achievement after only 4.5 months in business! Well done to our agency team Grant Imlah George Stratton David Marsden Andrew Cherry James Potter. A huge THANK YOU to all of our clients, your support and loyalty means so much. Congratulations to our friends Morgan Williams and Curson Sowerby Partners LLP for the top 2 spots.

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Park Place Retail are retained by Hobbycraft who will open 5 new stores in 2024 and continue to seek new store opportunities for 2025 openings.To discuss any suitable retail warehouse units that may fit with Hobbycraft's requirements, please contact:-Grant Imlah | 07831 612 077 | grant.imlah@parkplaceretail.co.ukwww.parkplaceretail.co.uk

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INVESTMENT SALE – Park Place Retail are instructed to sell the Tandem Centre in Colliers Wood, a prime 117,752 sq ft London retail park situated just 8 miles from Central London and part of a regionally dominant retail centre adjacent to a 130,000 sq ft M&S, a 105,000 sq ft Sainsbury’s and the 67,333 sq ft Priory Retail Park. The scheme is anchored by Lidl with a lease expiry in 2045 and 5 yearly RPI linked rent reviews (0.5% to 3.0% per annum compounded) with recent rent lease extensions agreed with Next, TK Maxx and Clarks. Expected WAULT to expiry of circa 8.3 years following likely transactions with WH Smith, JD Sports and Sports Direct.It offers a complementary mix of leading retailers including Next, JD, TK Maxx, Homesense, Boots and Sports Direct alongside food and beverage operators including Starbucks and Nando’s and produces a rental income of £3,892,542 per annum assuming a rental guarantee on Unit 5b equating to an average of £31.15 per sq ft.We are seeking offers in excess of £56,100,000 / NIY 6.50%.For further information, please contact:-Miles Marten | 07770 748 290 | miles.marten@parkplaceretail.co.uk

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Park Place Retail are instructed to let this small retail unit of 1,049 sq ft on behalf of M7 Real Estate Ltd.The unit, which will become available from the beginning of April, is located on this successful West London retail park close to the 100,000 sq ft Sainsbury's anchor store in a pod terrace including Costa Coffee, Subway and Card Factory, opposite Next, JD, Sports Direct, Currys, Superdrug, TK Maxx and H&M.The property is available to let on market terms.For further information, please contact:-Grant Imlah | 07831 612 077 | grant.imlah@parkplaceretail.co.uk

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