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Maidstone

Broadway Shopping Centre

Broadway Shopping Centre, ME16 8PS
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  • Seeking offers of£9.4M
  • Net initial yield (net of shortfalls)7.32%
  • Quickly rising to7.75%
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Rare opportunity to purchase a highly prominent 2.9 acre site within the centre of Maidstone with long term redevelopment opportunity.

Freehold.

Over 90% of income secured to Lidl and Matalan.

Open A1 planning consent (including food on part).

AWULT of 6.4 years, assuming break options are exercised.

Low passing rents compared to completing Open A1 retail parks.

We are seeking ofers in excess of £9,400,000 subject to contract and exclusive of VAT. This reflects following yield profile, allowing for purchasers' costs of 5.8%

Contacts

  • Fiona Nichols
    • 020 7647 4809
    • 07817 676763
  • Oli Horton
    • 020 7647 4806
    • 07788 695 859

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