Local Centres and Roadside

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.

 

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 …
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Milton Keynes | Prime Convenience Store Investment 

Sales
Milton Keynes – Kingsmead Local Centre, MK4 4AS
An opportunity to acquire a prime convenience store investment.
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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
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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%
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Oxford | Garden Centre

Acquisitions
Oxford – Yarnton, Kidlington OX5 1PA
Operational garden centre business. Acquired for private clients.
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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.
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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 …
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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 …
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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 …
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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, …
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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 …
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Peterborough | Prime Drive-thru Investment

Sales
Peterborough
Prime drive-thru investment let to Costa Coffee. On behalf of a private property company.
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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.
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Peterborough | Prominent Roadside Investment

Sales
Peterborough
Prominent fully-let roadside investment. Sold on behalf of a private property company.
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