Convenience shopping centre investment

Burton-Upon-Trent. The Octagon Centre
DE14 3TN

Asking (STC) £4,850,000
Net Initial Yield 13%
  • An established convenience retail offer in the busy town of Burton-Upon-Trent
  • The centre is anchored by Asda, TK Maxx, Iceland and One Beyond with other national multiple tenants including HMV, Costa, Savers, Card Factory, The Entertainer, F.Hinds, Shoezone, Subway and Ryman
  • Two landlord owned and operated surface car parks  (770 spaces)
  • Key tenants, TK Maxx and Iceland (accounting for 27% of net income) signed 5 year reversionary leases
  • 85% of the net operating income let to national tenants or the car park
  • Re-based rental levels
  • Numerous deliverable asset and development management opportunities to grow income and further enhance the asset