PROPERTIES

New Bond Street, Weymouth, Dorset

Price£15,578,000

PDF DETAILS

New Bond Street, Weymouth, Dorset

  • Income£1,496,375
  • Yield9%
  • SectorHigh Street Retail
  • StatusUnder Offer
PDF DETAILS

Dominant Open Air Shopping Centre Let Off Rebased Covid Rents

Summary

  • Located in within the heart of Weymouth Town Centre, with frontage onto the pedestrianised St Thomas Street.
  • An open air shopping centre comprising the principle retailing destination for Weymouth anchored by The Range, TK Maxx and Cineworld (Weymouth's only cinema).
  • Multi let producing a current income of £1,496,375 per annum.
  • Retail and leisure elements will be 100% let to national multiple tenants upon completion of the New Look lease.
  • AWULT of approximately 6.10 years to expiry.
  • Majority of tenants are on rebased post covid lease terms.
  • Potential for a number of short and longer term asset management opportunities.
  • Offers in excess of £15,578,000 (FIFTEEN MILLION FIVE HUNDRED AND SEVENTY EIGHT THOUSAND POUNDS) subject to contract and exclusive of VAT.
  • Net initial yield of 9% after allowance for purchasers costs of 6.73%