Drakehouse Retail Park, Sheffield

17 units and a drive-thru restaurant across 230,104 sq.ft. of prime retail warehousing space and 811 parking spaces

With 100% occupancy in a dominant location the Property provides a secure income stream to a diversified mix of household name retail tenants while offering tangible value add opportunities.

  • The Property benefits from proximity to the city centre (7 miles), the M1 Motorway (4 miles) and 380,754 people within a 20-minute drive-time.
  • Completed in 1997, the Property provides well configured and modern specification retail warehouse space with a total site area of 17.5 acres.
  • During 2014 the Property recorded a 12.5% increase in visitors and covering a wide range of goods the impressive tenant line-up includes Currys PCWorld, Homebase, Sports Direct, Smyths Toys, Halfords, McDonalds and B&M. All leases are on Full Repairing and Insuring terms.
  • Sheffield is the UK’s fourth largest city and the Property is Sheffield’s largest retail warehouse park attracting over 1.66m visitors per annum

  • It occupies a central location in England and is 30 miles south of Leeds and 35 miles east of Manchester.

  • The primary catchment for Sheffield is 637,000 and the Property, together with the adjacent new 97,000 sq.ft. Asda Superstore and 625,000 sq.ft. Crystal Peaks Shopping Centre, dominate retail to the south of the city.

  • The investment is underpinned by a secure income stream and the asset management plan for the Property will include value add initiatives to make environmental enhancements to the park to improve the shopping experience.

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Acquisition closed:

04/2015

Location:

53.344 North
-1.356 West

 

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