The Mercury is a thriving, value orientated community shopping centre let to a robust mix of essential and convenience-led operators
Romford is a densely populated commuter town with exceptional connectivity, benefiting from high speed train access to London Liverpool Street in 17 minutes through the opening of the Elizabeth Line
Loyal catchment population of 550,000 within a 20 minute drive, which is predicted to grow by 10.47% by 2040
Romford's retail scene has witnessed one of the most successful recoveries within the UK in terms of footfall, with the highest recovery ranking in London
The centre comprises 243,089 sq ft including a 96,751 sq ft Asda and a 998 space car park
Asda have an option to extend their lease to 2051 at a gearing of 53% of ERV
The scheme offers an all-day leisure experience with an 8-screen Cinema, Bingo hall and day care within the complex
The scheme is on an upward trajectory, with 14 lettings and lease renewals concluded over the last 24 months
Part freehold part long leasehold with 93 years remaining
High footfall of 9.7 million per annum
Affordable, low operating cost base, with rents largely rebased and service charge running at £8.48 psf
The property benefits from a gross income of £3,077,370 pa and a net income of £2,026,544 pa after deduction of headrent and landlord non-recoverables
