Peel Leisure & Retail Park, Blackburn

Retail Warehouse - Under offer

Peel Leisure & Retail Park, Blackburn

Description

Prominent town centre location adjacent to Blackburn Rail Station.

Dense demographic of 408,000 residents within a 20 minute drivetime.

Modern leisure and retail warehouse scheme with generous customer car parking anchored by the only multiplex cinema and bowling unit in the town.

The total gross passing rent is £1,817,931 pa,representing an affordable current average rent on the property of £9.70 per sq ft, rising to c.£1,987,931 pa once Unit F is let.

WAULT of 12 years and WAULT to tenants’ breaks of 11.5 years.

51.64% of the income benefits from either fixed or RPI uplifts.

A well let scheme with 100% of the current income leased to tenants with an Experian rating of Very Low Risk.

Asset management opportunities to optimise and improve the current lease terms and tenant line up, and implement the rental uplift on the Tenpin unit.