Get Started
Marina Quay Retail Park, Rhyl, Wales

Marina Quay

play

Overview

Marina Quay Retail Park, Rhyl, was acquired for £17.70m at an acquisition yield of 6.00%. The property comprises a recently developed, modern retail park of 102 316 sqft, and comprises 10 units which are tenanted by Aldi, Farm Foods, B&M, The Range, Greggs and Costa Coffee amongst others. The site has capacity for an additional 20,000 sqft retail unit and another drive thru pod of 2,500 sqft. The weighted average unexpired lease term is just under 14 years. Approximately one third of the rental is from food stores and approximately 60% benefits from fixed or RPI indexation underpinning rental growth during the lease terms.

Location

Marina Quay Retail Park, Rhyl, Wales

Building use

Retail Park

Size of building

102 316 sqft

Tenant

Multi-tenanted

Lease expiry date

WAULT 13.9 years (at acquisition date)

Acquisition yield

6.0%

Type of lease

Fully repairing and insuring (ie tenant responsible for all operating costs).

Location

Further holdings

How to invest

Discover more