Log In/Sign Up
Your email has been sent.
LC2 Charlton Hayes 2,114 SF Retail Building Patchway BS34 5BN $2,830,705 ($1,339.03/SF) 7.50% Cap Rate
Investment Highlights
- Modern retail parade
- WAULT 15.48 yrs; £169k income p.a
- Anchored by Sainsbury’s & Happy Days
Executive Summary
Charlton Hayes Local Centre comprises a modern 2021-built retail parade arranged as four ground-floor units totalling 10,685 sq ft, anchored by Sainsbury’s Supermarkets Ltd and Happy Days Day Nurseries Ltd, who together account for over 80% of the income.
Situated within the completed 2,200-home Charlton Hayes development, the scheme benefits from strong residential demand, extensive local investment and close proximity to major employment hubs such as Cribbs Causeway and Aztec West. The property produces a passing rent of £169,120 per annum, at a low average of £15.83 psf, with a WAULT of 15.48 years to expiry and 9.62 years to break. Significant rental uplift is expected from the uncapped CPI review on the Happy Days unit in 2026, alongside OMV rent reviews on Sainsbury’s and Konbini.
Held on a 999-year long leasehold interest, the investment offers secure income from strong covenants and clear reversionary potential within a thriving new community.
Situated within the completed 2,200-home Charlton Hayes development, the scheme benefits from strong residential demand, extensive local investment and close proximity to major employment hubs such as Cribbs Causeway and Aztec West. The property produces a passing rent of £169,120 per annum, at a low average of £15.83 psf, with a WAULT of 15.48 years to expiry and 9.62 years to break. Significant rental uplift is expected from the uncapped CPI review on the Happy Days unit in 2026, alongside OMV rent reviews on Sainsbury’s and Konbini.
Held on a 999-year long leasehold interest, the investment offers secure income from strong covenants and clear reversionary potential within a thriving new community.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
2,114 SF
Building Class
C
Year Built
2021
Price
$2,830,705
Price Per SF
$1,339.03
Cap Rate
7.50%
NOI
$212,303
Tenancy
Single
Building Height
4 Stories
Building FAR
0.04
Lot Size
1.20 AC
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
120’ on Charlton Boulevard
1 1
Nearby Major Retailers
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
LC2 Charlton Hayes
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.