Shopping Centres for sale in NE23

Shopping Centres in NE23 available for sale

Shopping Centres for Sale Within 10 miles of the NE23

The Archer Portfolio

Retail for Sale
£22,650,000
158,418 sq ft
4 Retail Properties

Portfolio of properties for Sale - Leicester

The Archer Portfolio presents an opportunity to acquire a geographically diversified retail warehouse investment portfolio comprising four purpose-built assets located in Lowestoft, Leicester, Solihull and South Shields. The portfolio provides a broad regional spread across the East of England, East Midlands, West Midlands and North East, offering investors exposure to established retail warehouse locations throughout the UK. The portfolio extends to approximately 142,328 sq ft of accommodation and generates a current contracted income of approximately £1.87 million per annum, secured against a strong platform of national occupiers including B&M Retail Ltd, Sports Direct, Flannels, Next Holdings Ltd and The Gym Group. The assets benefit from a weighted average unexpired lease term (WAULT) of approximately 4.7 years to lease expiry and provide potential for near-term income growth through upcoming rent review and fixed uplift events. Three of the assets are held freehold, with the South Shields property held on a long leasehold interest. The portfolio benefits from a diversified tenant mix comprising nationally recognised retailers and leisure occupiers, providing a secure income stream supported by financially robust covenants. The Archer Portfolio offers investors the opportunity to acquire a well-located retail warehouse portfolio with strong underlying occupier demand, immediate income, asset management opportunities and future rental growth potential.