Square Portfolio
UK
dba223
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Retail portfolio held in a UK company.
•5 pedestrianised retail assets comprising 3 boutique shopping centres, a high street unit and a neighbourhood shopping centre.
•Total area of 5,333.43 sq m (57,410 sq ft) leased on full repairing and insuring terms to 72 tenants on 78 leases.
•Well balanced lease expiry profile with 28.89% of the income expiring within 5 years, 35.40% for between 5 and 10 years and, 35.71% for in excess of 10 years.
•Low zone A rentals ranging from £134.23 per sq m zone A (£12.47 per sq ft zone A) to £514.64 per sq m zone A (£47.81 per sq ft zone A) excluding the Leicester high street unit at £667.38 per sq m zone A (£62.00 per sq ft zone A).
•Current passing rental of £956,001 per annum.
•Estimated rental value of £1,082,026 per annum.
•Significant asset management potential to enhance income and capital value.
•Average weighted term certain of approximately 8.87 years.
•Strong tenant demand as evidenced through the entire portfolio being 100% let.