Junction One Retail Park

Junction One Retail Park is a prime modern retail park comprising a total of 190,874 sq ft of accommodation in 10 retail units and a drive thru fast-food unit.

Junction One Retail Park is situated immediately to the south of Junction 1 of the M53 motorway, which is a dual carriageway. The M53 runs southeast to Liverpool city centre.

The scheme is an example of what the very best prime modern retail park should be. The recent letting of the former Carpetright unit to Superdrug, at a headline rent of £26 psf (£24.70 psf net effective), demonstrates that the scheme is reversionary.

Our client is seeking offers in excess of £50.7 million (Fifty Million Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT, for their freehold interest in the property.

A purchase at this level would show an initial yield of 6.00%, reverting to 6.48% based upon an ERV of £3,504,830 pa (which accounts for all fixed increases and rental caps) and an equivalent yield of 6.29%, net of purchaser’s costs of 6.8%.