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Under Offer

Multi Let Retail/Residential Investment

Retail, Residential, Flat, General Retail , 20000
Property type: Retail, Residential, Flat, General Retail
Tenure: Under Offer
Size: 20000
Location: Broadway Shopping Centre, Malting Square, Peterborough, PE7 3JJ
Investment Summary:
19 Retail Units (with one vacant) with 114 space car park (free parking)
9 x 3 Bedroomed Flats
Asking Price £4,100,000
Current Commercial Rental Income £230,850 Per Annum exclusive
Current Residential Rental Income £45,600 Per Annum exclusive

Broadway Shopping Centre in Yaxley is located 4 miles to the south west of Peterborough City Centre and 3 miles to the north east of Junction 16 of the A1 (M) at Northern Cross.  Broadway Shopping Centre is located at the junction of The Broadway (B1091) with Landsdowne Road, opposite the William de Yaxley C of E Academy, Yaxley public library & Medical Centre.

The Broadway Shopping Centre comprises 19 retail units which are leased to local and national operators including uses such as Spar, McColl’s newsagents & Post Office, S&D Bookmakers, Sharman Quinney Estate Agent, Barnardos, and a number of regional and local occupiers details of which are included in the attached schedule.  The site comprises in excess of 20,000 sq ft of retailing accommodation, and also has its own free car park providing approximately 114 spaces.

There are 9 x 3 bedroomed flats situated above the retail premises, 7 fully let and 2 are vacant and in need of refurbishment.

We understand that all mains services are available for connection to the premises including water, drainage, electricity (including three phase power) and gas.

The 18 retail units currently provide a net income of £230,850 per annum exclusive. Offers for the site are invited in excess of £4,100,000.
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