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LC2 Charlton Hayes 2,114 sq ft Retail Property Patchway BS34 5BN £2,120,000 (£1,002.84/sq ft) 7.50% Net Initial Yield
Investment Highlights
- Modern retail parade
- WAULT 15.48 yrs; £169k income p.a
- Anchored by Sainsbury’s & Happy Days
Executive Summary
Charlton Hayes Local Centre comprises a modern 2021-built retail parade arranged as four ground-floor units totalling 10,685 sq ft, anchored by Sainsbury’s Supermarkets Ltd and Happy Days Day Nurseries Ltd, who together account for over 80% of the income.
Situated within the completed 2,200-home Charlton Hayes development, the scheme benefits from strong residential demand, extensive local investment and close proximity to major employment hubs such as Cribbs Causeway and Aztec West. The property produces a passing rent of £169,120 per annum, at a low average of £15.83 psf, with a WAULT of 15.48 years to expiry and 9.62 years to break. Significant rental uplift is expected from the uncapped CPI review on the Happy Days unit in 2026, alongside OMV rent reviews on Sainsbury’s and Konbini.
Held on a 999-year long leasehold interest, the investment offers secure income from strong covenants and clear reversionary potential within a thriving new community.
Situated within the completed 2,200-home Charlton Hayes development, the scheme benefits from strong residential demand, extensive local investment and close proximity to major employment hubs such as Cribbs Causeway and Aztec West. The property produces a passing rent of £169,120 per annum, at a low average of £15.83 psf, with a WAULT of 15.48 years to expiry and 9.62 years to break. Significant rental uplift is expected from the uncapped CPI review on the Happy Days unit in 2026, alongside OMV rent reviews on Sainsbury’s and Konbini.
Held on a 999-year long leasehold interest, the investment offers secure income from strong covenants and clear reversionary potential within a thriving new community.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,114 sq ft
Costar Property Class
C
Year Built
2021
Price
£2,120,000
Price per sq ft
£1,002.84
Yield
7.50%
NOI
£159,000
Tenancy
Single
Number of Floors
4
Plot ratio
0.04
Total Plot Size
1.20 ac
Parking
100 Spaces (10 Spaces per 1,000 sq ft Leased)
Frontage
120 ft on Charlton Boulevard
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Nearby Major Retailers
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Videos
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Photos
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Street
Map
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Presented by
LC2 Charlton Hayes
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