MacLaren & Partners have been very active in the sector for over seven years advising and creating investment stock with best-in-class convenience store and roadside use developers. In excess £100m of stock has been either bought or sold for clients. Commercial property investors have recognised the popularity of local convenience shopping, which is emerging as a separate asset class. The occupational resilience these locations have shown, with their diversified tenant mix, is attracting a different type of investor. MacLaren & Partners forecast that with the housebuilding boom in the shires and requirements planners have as part of the 106 agreement, there will still be plenty of opportunities to invest in the retail sub-sector that is simple to understand and positioned for our everyday need of convenience.
Berkeley | Convenience Store
Sales
Berkeley – The Mariners Arms, 49 Salter Street, Gloucestershire GL13 9BX
Completed development of a new Midcounties Co-operative convenience store on a new 15-year lease with CPI indexation sold to a private investor.
Aston | Multi-Let Trade Counter Investment
Acquisitions
Aston – Units 1-2 Portland Street & 3-4 Catherine Street, Birmingham B6 5RS
A reversionary multi-let Trade Counter investment of 21,000 sq ft, acquired for private clients.
Northampton | Roadside Leisure Investment
Acquisitions
Northampton – Walter Tull Way, Sixfields, NN5 5QJ
Purchase of two prime roadside investments on behalf of a private client.
Torquay | Prime Roadside Long Income Investment
Sales
Torquay – Costa Coffee, Torquay Road, Devon TQ2 7HX
Long leasehold Drive-thru, sold to a private investor.
Huntingdon | Prime Roadside Development Sale
Sales
Huntingdon – Brampton Hut Services, Great North Road, Brampton, Cambridgeshire PE28 4NQ
Prime roadside development of 8,617 sq ft featuring six purpose-built units – a mix of drive-thru’s and drive-tos – all tenanted by household names such as …
Nottingham | Multi-Let Parade
Sales
Nottingham – Teal Park, Colwick Loop Road, NG14 5JX
Disposal of a local centre comprising a multi-let parade and Popeye’s Drive-thru. £3M. 7%.
Erdington | Two Roadside Units
Acquisitions
Birmingham – 1016 Kingsbury Road, Birmingham B24 9PZ
Acquisition of two roadside units in a prime location in the West Midlands on behalf of a private client with leases of 10 years.
Bury St Edmunds | Costa Drive Thru
Acquisitions
Bury St Edmunds – Costa Coffee, A14, Rougham, IP30 9NF
Acquired for private clients.
Leicester | Supermarket Investment
Acquisitions
Leicester – ALDI, Abbey Lane, Humphreys Way, LE4 0BR
Modern, purpose-built Aldi supermarket investment. Prominent location on A6 Abbey Lane north of Town Centre. Established retail destination with Asda, B&Q and Home Bargains. Acquired …
Droitwich | Prominent Service Station
Acquisitions
Droitwich Spa – Sainsbury’s, Worcester Road
Prominent service station in Droitwich, located on the busy B4090, the main dual carriageway between Droitwich and Worcester. Modern 4,523 sq ft purpose-built petrol filling …
Bristol | Tesla Showroom
Acquisitions
Bristol – Tesla Showroom & Service Centre, 5 Centaurus Road, Patchway, BS34 5TS
The entire property is let on an FRI lease for a term of 10 years from 5th September 2022, to Tesla Motors Ltd, (with a …
Carterton | Prime Convenience Store and Drive-thru Investment
Sales
Carterton – Monahan Way, Brize Norton, Oxfordshire OX18 3AN
Prime Convenience Store and Drive-thru Investment with EV charging income in Carterton, Oxfordshire OX18 3AN Phase I: Let to Kenmare Estates Ltd with a guarantee …
Leamington Spa | Trade Counter Investment
Acquisitions
Leamington Spa – Travis Perkins, Shires Gate Trade Park, Tachbrook Park Drive, CV34 6RH
Prime long Let trade counter investment opportunity acquired on behalf of private clients.
Downham Market | New Prime Costa Coffee Investment
Acquisitions
Downham Market – Bexwell Road, PE38 9LJ
A brand new prime Costa Coffee drive-thru investment next to the newly opened Macdonald’s on the A10 in Downham Market, purchased for a private client.
Houghton Regis | Local Centre
Sales
Houghton Regis – Bidwell West Local Centre
Prime local centre investment was sold during 2022 based on an initial yield of 5.7% which equates to a capital value of £4.3 million. The …
Spilsby | Dominant, Purpose-built Town Centre Supermarket
Sales
Spilsby – Boston Road, Lincolnshire PE23 5HD
Well secured Freehold investment let to Sainsbury’s Supermarkets Limited. The investment attracted considerable interest and was sold well in excess of quoting terms and ahead …
Bury St Edmunds | Kwik Fit
Acquisitions
Bury St Edmunds – Newmarket Road, Suffolk IP33 3TF
Prime roadside investment purchased on behalf of a private property company.
Milton Keynes | Prime Convenience Store Investment
Sales
Milton Keynes – Kingsmead Local Centre, MK4 4AS
An opportunity to acquire a prime convenience store investment.
Droitwich Spa | Local Centre Investment Opportunity
Sales
Droitwich Spa – Yew Tree Village, WR9 7FY
A prime local centre investment with a national foodstore anchor. Separate disposal of an adjoining new day nursery. Download brochure for details – Droitwich Brochure
Nottingham | Prominent Roadside Scheme Freehold
Sales
Nottingham – Landmere Lane, Edwalton, West Bridgford, NG12 4DE
Roadside Scheme Freehold, sold to a private client. Tenants : Costa, McDonalds, Greggs, Subway, Busy Bees 8,211,000. 5.11%
Oxford | Garden Centre
Acquisitions
Oxford – Yarnton, Kidlington OX5 1PA
Operational garden centre business. Acquired for private clients.
Nottingham | Development Funding
Development Funding
Nottingham – Edwalton, West Bridgford
Development funding secured for a 6-unit Roadside Scheme in Landmere Lane, Edwalton. £8.211 million. 5.33% initial yield.
Haddenham | Prime Nursery and Foodstore Investment
Sales
Haddenham – Aviator House, Tibbs Road
Sold to private investors for £3,000,000. Initial yield of 5.5%. Prime day nursery and food store investment in the affluent location of Haddenham, Buckinghamshire. Let to …
Bridgwater | Convenience Store Development
Sales
Bridgwater – Kings Road
SOLD – New Convenience Store Development with over 80% of the income let to Tesco Stores Limited. UNIT 1 4,000 sq ft – Heads of …
Nottingham | Local Centre
Sales
Nottingham – Beechdale Retail Park
Sold to private investors for £3,325,000. Initial yield 6.82%. A retail parade and drive through development comprising seven units extending to 9,300 sq ft. Located adjoining …
Northampton | Strategic Roadside Convenience Centre
Sales
Northampton – Upton Place
A brand new neighbourhood convenience centre comprising seven units anchored by a Co-op store. Part of a larger development which includes over 300 new homes, …
Salisbury | Prime Local Centre
Sales
Salisbury – Old Sarum Local Centre
A prime Local Centre – 70% Pre Let to Happy Days Nurseries and McColl’s. Situated with prominent frontage to the main road and forming part …
Peterborough | Prime Drive-thru Investment
Development Funding, Sales
Peterborough – Hampton Avenue, PE7
Prime drive-thru investment let to Costa Coffee. On behalf of a private property company.
Leighton Buzzard | Local Centre
Sales
Leighton Buzzard
Local centre. 4,000 sq m Sainsbury’s convenience store with RPI rent reviews with flats above. Sold on behalf of a retail developer client.