Clayton Square, Liverpool

Investment - Purchased

Clayton Square, Liverpool

Description

Clayton Square was originally developed in 1988. In 2014 InfraRed Capital Partners significantly redeveloped the property to provide well configured high street retail units suitable for modern requirements. Clayton Square now consists of 141,362 sq ft of lettable retail space and also 16,329 sq ft of future expansion space at first floor. The construction of a single level flagship store for Boots has been a significant catalyst for change and acts as a genuine driver of footfall for the property. Boots have stated that this is their largest single floor plate store in the world and is an excellent performer within their portfolio. The former entrance to Church Street has been infilled to create a striking A3 unit, which has been let to Wildwood. The leisure element of the scheme is significantly enhanced with the lettings to Wildwood and easyGym. The covered walkway has benefitted from significant investment and now features a triple height glass barrel vaulted roof that creates a light and airy ambience. The property comprises 21 retail units, two permanent kiosks and an easyGym at the first floor. There is a further 16,329 sq ft of expansion space at first floor level which has been de-rated. This offers an opportunity for ground floor retailer’s first floor expansion space for flagship stores. Servicing is accessed from Great Charlotte Street via a barrier controlled ramp leading to a service deck at roof level. Shoppers visiting Clayton Square can benefit from the use of the St John’s Shopping Centre car park.

Location

Liverpool is located in the North West of England in Merseyside. The city is 34 miles (55km) to the west of Manchester, 28 miles (45km) to the north of Chester and 220 miles (354km) to the north west of London. Liverpool is situated on the River Mersey and has a famous history as a merchant dock which has brought added economic benefits to the area.

Size

141,362 sq ft (13,137.73 sq m)

Initial Yield

6.1%

Price

£38,658,000

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700