New Sale - Plough Lane Retail Park, Wimbledon

• A prime foodstore and retail warehouse park located in Wimbledon between Colliers Wood and Wandsworth, 6 miles south west of Central London.
• Prominently situated fronting Plough Lane which connects the A217 to the A 218 and surrounded by residential and other
  commercial uses.
• A large and affluent catchment population within a 10 minute drive time amounting to 269,000 people.
• Limited competition – almost all of Wandsworth's retail warehouse supply has been redeveloped over the last 5 years for residential – leaving limited competition.
• The property comprises 6 units in 3 buildings totalling 82,589 sq ft on a site of approximately 5.5 acres.
• The park effectively has a Class E Food and Non Food consent.
• Long term income is well secured to leading national covenants including Lidl, Wickes, Pets at Home and Hobbycraft with a WAULT of 10.5 years.
• The current contracted rent is £2,013,881 pa which equates to a highly sustainable £24.38 psf offering guaranteed uplifts and medium term reversions.
• Freehold title with the potential for longer term redevelopment for residential.

We are instructed to seek offers in the region of £34,150,000 (Thirty Four Million One Hundred and Fifty Thousand Pounds) subject to Contract and Exclusive of VAT. This reflects a net initial yield of 5.5% rising to an estimated minimum of 5.72% in April 2026 (Lidl uplift), assuming purchasers costs at 6.78%.

Contact Paddy Knapman (07768 825 666 / paddy@morganwilliams.co.uk) or William Trimmer (07552 451 835 / williamtrimmer@morganwilliams.co.uk) for more information.