Cited Property

Cited Property are launching a prime, fully let London retail parade in sought-after Teddington. The subject property occupies a highly prominent position on Broad Street, one of Teddington’s principal retail thoroughfares. Situated on the western side of the street, the property benefits from a prominent location at Broad Street’s intersection of Church Road. The property has an unrivalled, corner position, benefitting from high footfall levels. Consisting of five well configured, ground floor retail units totalling 12,189 sq. ft. the property is fully let to five national retailers and generates a total contracted net operating income of £295,500 per annum. We are instructed to seek offers of £3,700,000 subject to contract and exclusive of VAT. A purchase at this level would reflect 7.50% Net Initial Yield, after allowing for Purchaser’s costs of 6.52%. For further information, please contact Bradley Maher or Benjamin Wood. #investment #retail #teddington #opportunitiy

Cited Property are launching a long-let restaurant investment (c.16 years term certain) offering annual, uncapped RPI reviews. Farnham is a highly affluent market town and one of Surrey’s most desirable towns. The subject property is situated within the heart of Farnham’s town centre, occupying a prominent position on the western side of Castle Street, near its junction with The Borough and West Street. Nearby occupiers include Gail’s Bakery, Caffè Nero and Pizza Express, alongside a strong mix of national and independent restaurants, such as The Castle Pub & Dining and Zizzi. The subject comprises a single restaurant unit extending to approximately 5,023 sq. ft arranged over basement, ground, and first-floor levels and is entirely let to Bills Restaurant Limited until March 2041 at a total passing rent of £161,020.82 per annum. We are instructed to seek offers of £2,160,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a 7.01% Net Initial Yield. Yields are net of purchase’s costs of 6.31%. For further information, please contact Bradley Maher or Benjamin Wood. #investment #retail #bills #farnham #opportunitiy

Cited Property are launching a 100% prime and well-secured parade of convenience retail with the benefit of car park. Centrally located within Loughborough town centre and arranged in a corner configuration, the property is served by the multi-storey car park that sits within the freehold title and is situated to the rear. The subject property comprises of 9 retail units let to national occupiers including Greggs, CEX, Vodafone, Poundland and Specsavers, arranged over ground, first and second floors, totalling 32,773 sq. ft. The property also includes a multi-storey car park to the rear arranged over three levels and providing 85 car parking spaces. The total Net Operating Income is £382,900 p.a. and WAULT of 4.89 years to Expiry. We are instructed to seek offers of £4,490,000 subject to contract and exclusive of VAT. Allowing for purchaser’s costs, a purchase at this level would reflect an 8% Net Initial Yield, a Reversionary Yield of 8.61% and £137 capital value psf. For further information, please contact Bradley Maher or Benjamin Wood. #loughborough #investment #opportunity #retail #opportunity

Cited Property will be attending #MIPIM2025 on the 10th – 13th of March. If you're attending as well, please feel free to get in touch with either Bradley Maher, Tim Lloyd or Matt Potter and we can schedule a meeting at your convenience.   We look forward to meeting you all! #mipim2025 #citedproperty #retail #meetings #getintouch  

Cited Property are delighted to announce that we have acquired Beaumont Leys, a thriving community shopping centre in Leicester's high-growth suburb for Evolve Estates. This 10-acre site caters to a residential population of 670,000 and has benefitted from recent investment, including the development of a drive-through unit for Starbucks, and B&M’s commitment to the former Wilko unit on a 10-year lease. Many thanks to our client Sebastian Macdonald-Hall and the wider team at Evolve Estates. Also, thanks to our joint agent, James Stratton at Savills. For further information, please contact Tim Lloyd. #commercialrealestate #leicester #retail #acquisitions #getintouch #shoppingcentre

Cited Property are instructed to let a prominent roadside store in Liverpool: Quoting Rent: £95,000 per annum exclusive. The subject property is situated on Walton Lane, adjacent to Goodison Park Football Stadium, home to Everton Football Club. The property also benefits from c.30 space car park. Currently occupied by Everton Football Club and used as their club shop, they will provide vacant possession in August 2025 due to the club’s relocation to Everton Stadium. We have pleasure in enclosing marketing details for your attention. For further information, please contact Josh Gettins or Daniel Humes. #liverpool #retail #everton #getintouch

Cited Property are instructed to let a high street store in Cobham. 4 High St, Cobham: Size: GF: 1,258 Sq Ft, 116 Sq M Quoting Rent: Quoting £67,500 per annum exclusive Rates Payable: £21,083 Situated on a busy corner location on the High Street, opposite the historic Cobham clocktower and adjacent to Gail's. The High Street comprises a mixture of high-quality independents and national retailers including Joe and The Juice, Coppa Club, Sainsburys, Boots, Caffe Nero and Waitrose. We have pleasure in enclosing marketing details for your attention. For further information, please contact Daniel Humes or Rory Gittins. #cobham #retail #highstreet #tolet #getintouch

Cited Property are instructed to let a high street store in Cobham. 4 High St, Cobham: Size: GF: 1,258 Sq Ft, 116 Sq M Quoting Rent: Quoting £67,500 per annum exclusive Rates Payable: £21,083 Situated on a busy corner location on the High Street, opposite the historic Cobham clocktower and adjacent to Gail's. The High Street comprises a mixture of high-quality independents and national retailers including Joe and The Juice, Coppa Club, Sainsburys, Boots, Caffe Nero and Waitrose. We have pleasure in enclosing marketing details for your attention. For further information, please contact Daniel Humes or Rory Gittins. #cobham #retail #highstreet #tolet #getintouch

New Year, New Deal! We are thrilled to announce our first acquisition of the year for Evolve Estates on their purchase of Dolphin Quays, Poole. The landmark waterfront scheme comprises of 71,594 sq. ft of retail/restaurant/office accommodation, currently let to 14 tenants, it is one of the principal restaurant/café destinations on the harbourfront. There are also 104 luxury apartments arranged in the upper parts. This strategic acquisition is a perfect addition to our client’s portfolio, with its prime waterfront location, strong mix of convenience and leisure tenants and an array of exciting value-add initiatives to explore. Many thanks as always to our client Evolve Estates, Danny O'Keefe Kat Behbahani Vicki Harris. Also, thanks to Peter Cooper-Parry of Savills who acted for the Vendor. For further information please get in touch with Bradley Maher and Benjamin Wood. #poole #acquisiton #shoppingcentre #retail #newyear #getintouch

Cited Property are pleased to announce that we have sold the Marks & Spencer PLC in The Livingston Shopping Centre, Scotland on behalf of Evolve Estates & LCP Properties. The subject property comprises a large, modern store totalling 96,859 sq. ft. arranged over ground, first floor and second floor levels. The property houses an M&S Department Store including a Food Hall, Clothing & Homeware and an M&S Cafe. The unit is served by a shared service yard, accessible to the east from Almondvale Road. Always great to work with our clients Evolve & LCP, and our joint agents at Savills, Stuart AJ Moncur and Eilidh Levein. For further details, please get in touch with Benjamin Wood or Bradley Maher. #livingston #sold #retail #departmentstore #property #shoppingcentre