Roaring Meg South Retail Park, Monkswood Way, Stevenage
65,256 sq ft
Description
Opportunity to acquire an established Freehold retail park in Stevenage, with Blue-Chip tenants
• Located in the heart of Stevenage’s established out of town retail offering, with prominent frontage facing Broadhall Way, the main arterial route from J7 of the A1 (M) and the A602
• Situated 1.1 miles (1.77 km) south of Stevenage Town Centre
• Surrounding anchor tenants include Marks & Spencer’s, TK Maxx, Currys, DFS and Halfords
• Comprising four units totalling 65,256 sq ft (excluding car wash) with 257 car park spaces, reflecting a strong ratio of 1:254 sq ft
• Fully let to four tenants, including Wickes Building Supplies, The Range and KFC
• Attractive WAULT of 7.45 and 6.93 years to expiry and 6.98 years to break
• Total passing rent of £1,140,763.49 per annum, reflecting a low average on the retail warehouse units only of £15.89 per sq ft overall
• The Range and Wickes both have outstanding rent reviews from 2025, allowing the ability to capture reversion
• Site area of 6.00 acres (2.43 hectares), providing a low site cover of 24%
• Freehold
We are instructed to seek offers in excess of £15,270,000 (Fifteen Million Two Hundred and Seventy Thousand Pounds) exclusive of VAT, for the freehold interest. A purchase at this level reflects a Net Initial Yield of 7.00% and a Low Capital Value of £233 per sq ft (excluding car wash) assuming purchasers costs of 6.73%.
• Located in the heart of Stevenage’s established out of town retail offering, with prominent frontage facing Broadhall Way, the main arterial route from J7 of the A1 (M) and the A602
• Situated 1.1 miles (1.77 km) south of Stevenage Town Centre
• Surrounding anchor tenants include Marks & Spencer’s, TK Maxx, Currys, DFS and Halfords
• Comprising four units totalling 65,256 sq ft (excluding car wash) with 257 car park spaces, reflecting a strong ratio of 1:254 sq ft
• Fully let to four tenants, including Wickes Building Supplies, The Range and KFC
• Attractive WAULT of 7.45 and 6.93 years to expiry and 6.98 years to break
• Total passing rent of £1,140,763.49 per annum, reflecting a low average on the retail warehouse units only of £15.89 per sq ft overall
• The Range and Wickes both have outstanding rent reviews from 2025, allowing the ability to capture reversion
• Site area of 6.00 acres (2.43 hectares), providing a low site cover of 24%
• Freehold
We are instructed to seek offers in excess of £15,270,000 (Fifteen Million Two Hundred and Seventy Thousand Pounds) exclusive of VAT, for the freehold interest. A purchase at this level reflects a Net Initial Yield of 7.00% and a Low Capital Value of £233 per sq ft (excluding car wash) assuming purchasers costs of 6.73%.
BUILDING HIGHLIGHTS
Blue Chip Tenants
Four units totalling 65,256 sq ft
Let to four tenants
Freehold
