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Queen Street Retail Park 2 Retail Properties Offered at $9,180,887 CAD in Boston
Investment Highlights
- Historic market town and port in southern Lincolnshire
- Catchment of 88,300 people within a 20-minute drive
- Prominently located on the A52
Executive Summary
Seeking offers in excess of £4,920,000 (Four Million Nine Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT, for their freehold interest in the property.
The property is well let to Farmfoods, Pets at Home, Halfords and McDonald’s. It has a WAULT of 8.6 years to expiry and 7.5 years to break. The units are the right size for the tenants, all of whom trade well from the scheme. The scheme has a passing rent of £367,813 pa, an affordable £12.39 psf on the retail warehouse units. Reversionary to £403,321 pa. The Farmfoods lease contains a fixed increase in 2031.
The property is well let to Farmfoods, Pets at Home, Halfords and McDonald’s. It has a WAULT of 8.6 years to expiry and 7.5 years to break. The units are the right size for the tenants, all of whom trade well from the scheme. The scheme has a passing rent of £367,813 pa, an affordable £12.39 psf on the retail warehouse units. Reversionary to £403,321 pa. The Farmfoods lease contains a fixed increase in 2031.
Property Facts
| Price | $9,180,887 CAD | Number of Properties | 2 |
| Price / SF | $400.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 22,903 SF |
| Sale Type | Investment | Total Land Area | 2.75 AC |
| Status | Active |
| Price | $9,180,887 CAD |
| Price / SF | $400.86 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,903 SF |
| Total Land Area | 2.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Pets at Home & Farmfoods
Queen St, Boston PE21 8XD |
Retail | 15,903 SF | 1995 | - |
|
Halfords
Queen St, Boston PE21 8XD |
Retail | 7,000 SF | 1990 | - |
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Queen Street Retail Park
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