Jackson Criss

Please find attached a marketing brochure of a prime South East freehold retail investment block with value add opportunities, which we have been instructed to market jointly with JLL. The main investment considerations can be set out as follows:-   Hitchin is an affluent market town in Hertfordshire, 32 miles north of Central London and 28 miles southwest of Cambridge. The property comprises a retail parade of 12 units, including upper parts, and a vacant office building at 3-4 Portmill Lane. The property provides secure, diversified income and both long and short term development opportunities. The property occupies a prime trading location situated on Bancroft, one of Hitchin’s premier retailing streets. Strong national retailers including M&S, Next, WH Smith, Hotel Chocolate, The White Company, Crew, Fat Face, Oliver Bonas & Vodafone. Recent lettings to White Company and Oliver Bonas and lease renewals to Hotel Chocolat and M&S. Further, 116 Bancroft is currently under offer to a national retailer, underlining the strength and attractiveness of the pitch. Weighted average unexpired lease term of 3.8 years to expiry and 2.8 years to lease breaks. Extensive customer reach, with a substantial catchment of 167,000 people within 15 minutes of the subject property, which grows to 376,000 within a 20-minute drive time. Total passing rent of £1,000,200 per annum with a net operating income of £995,669pa after the deduction of landlord service charge cap shortfalls.  Freehold, large site of 0.95 acres in Central Hitchin.   Offers are invited in excess of £10,360,000 (Ten Million Three Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT, which reflects a Net Initial Yield of 9.00%, after deduction of standard purchaser’s costs at 6.80%   If you require any further information then please do not hesitate to contact Philip Hay, Rhodri Jones or our joint agents at JLL.

Please see attached latest leasing brochure for The Mander Centre, Wolverhampton, the dominant retail offering in the heart of the City Centre. The next phase of the scheme evolution will take place at Victoria Arcade, which is to be re-purposed to become the leading leisure destination for Wolverhampton, anchored by 17,000 sq ft Superbowl UK. The unit will provide 12 bowling lanes, a Crazy Club Soft Play area, Interactive darts, a bar and diner, and SEGA Prize Zone Arcade. They will join Frasers Department Store, which includes Flannels, Sports Direct, Game and Evans Cycles, along side other occupiers including H&M, New Look, Matalan, TH Baker, Boots and JD. To discuss the scheme or to schedule a meeting at Completely Retail Marketplace please contact Richard Mills, Russell Walker at Jamieson Mills or our joint agents Andrew Criss, Dan Turner or Jacob M. at Jackson Criss Harry Wilce MRICS Rhys Williams Chris Kirkland #retail #wolverhampton #leisure #shoppingcentre #jamiesonmills #retailagency

BLOCK FOR SALE-Subject to Contract We have been instructed to market this well secured mixed-use reversionary investment in Epsom, Surrey. The main investment considerations can be set out as follows:- · Affluent Greater London commuter town of Epsom. · Located on the High Street thoroughfare, opposite The Ashley Shopping Centre which has undergone an internal refurbishment. · Significant site of over 1.03 Acres which includes one of the towns dominant car parks. · Well secured reversionary mixed use virtual freehold investment anchored by TK Maxx, NCP and Pure Gym · Nearby retailers include Marks & Spencer, Waitrose, Boots and Next · WAULT of c.4.53 years to expiry · TK Maxx/Pure Gym have previously removed break clauses and Tapi have made an application to take an assignment of the Carpetright lease. · Potential future development prospects, subject to planning and vacant possession, with the property targeted as a future development site in Epsom & Ewell Local Plan · Our clients are seeking offers in excess of £7,500,000 (Seven Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, which reflects a net initial yield of 7.46%, increasing to 7.8% in November 2024 and an equivalent yield of 8.1%. If you require any further information, then please do not hesitate to contact me or my colleague Rhodri Jones - rjones@jacksoncriss.co.uk  

Here is the latest UK Requirement Flyer for Majestic Wine 🍷 Joel Hadfield will be attending Completely Retail Market Place on Tuesday 24th September. If you have any opportunities to discuss further, please contact below. Joel Hadfield joelh@jacksoncriss.co.uk

DISCOVER BANBURY Castle Quay with over 60 shops restaurants and cafes – with units ranging 150 sq ft to 30,000 sq ft, suitable for permanent and temp leasing. Retail, F&B, leisure and other uses (STPP) are invited to join recent developments - view reel https://lnkd.in/emNFQQN7? - which include: The Light - 7-screen cinema, 10-lane bowling alley, Adventure Climb arena, arcade, interactive darts, mini-golf, topped off with rooftop bar and restaurant. New Waterfront featuring PizzaExpress, Nando's UK & IRE and Loungers plc (currently fitting out), Premier Inn (117 beds) and a new foodstore and car park for Lidl GB, with a pedestrian bridge over the Oxford Canal. Cherwell Council are to relocate their Head Office from Christmas 2024 to the first floor over the award-winning Lock29 For further information, contact Andrew Criss, Dan Turner or Jacob M.

Please find attached details of a prime retail store investment which we have been instructed to sell. The investment is let to the undoubted covenants of Marks & Spencer PLC and Poundland. Marks & Spencer PLC have an unexpired term of approximately 12.5 years to expiry, while Poundland have an unexpired lease term of approximately 5.3 years, having taken a new lease in September 2023. The WAULT to expiry is c.11.2 years and c.7.1 years to break. Gloucester is an historic cathedral city which is ranked in the top 75 UK retail centres and is the 9th fastest growing city in the UK. The property occupies a prime trading location, with frontages onto the pedestrianised Eastgate Street and Southgate Street, the main retailing thoroughfares in the city. The total gross passing rent is £568,750 pa with a net operating income of £508,750 pa, following the deduction of the head rent. The property is held long leasehold with c.112 years unexpired at a current head rent of £60,000 pa. The tenants overall occupational costs are assisted by the terms of the head lease which provides an attractive low service charge payable by both tenants, with the total service charge being £29,320.18 for the current year. Our client is requesting offers in excess of £3,900,000 (Three million nine hundred thousand pounds)subject to contract and exclusive of Vat, reflecting a Net Initial Yield of 12.25% net of standard purchaser’s costs and a low capital value of £44psf. If you require any further detailed information, then please do not hesitate to contact Philip Hay or Rhodri Jones.

We are delighted to have been appointed by Majestic Wine as their Sole Retained Agent across the UK. Majestic 🍾 are the leading specialist wine retailer in the UK, and have ambitious expansion plans. The retailer has over 100 potential new locations identified, building on their current portfolio of over 200 sites across the country. They are targeting 🎯 a minimum of 12 sites per year going forward. Targeting affluent towns and catchments across the UK, we will be assisting in finding prominent sites of 2,500 – 5,000 sq ft with dedicated parking in roadside, retail park and edge of high street locations. This is alongside a renewed focus on inner London, where a new small format template will be rolled out after successful trials in Crouch End and Harpenden. This smaller format can be as small as 1,500 sqft and does not need dedicated parking if there is good provision close by. Dan Turner, Partner at Jackson Criss, will be leading on the expansion drive and comments “it has been great working with Majestic on their recent acquisitions, and our team is excited to continue helping a best-in-class retailer grow their estate and invest further in Brick and Mortar.” For further information please contact – Dan Turner – dant@jacksoncriss.co.uk Andrew Criss – andrewc@jacksoncriss.co.uk Joel Hadfield - joelh@jacksoncriss.co.uk

Adam Rawcliffe and Dan Turner attending Lidl GB House to hear about the discounters plans for expansion. Always good to see a retailer having room for growth and to have ambitious plans across the UK. 

On behalf of ACE LIBERTY & STONE PLC, Jackson Criss has sold Egerton Park Service Station to a private purchaser. The property comprises a modern freehold BP petrol filling station and M&S convenience store on a prominent 0.66 acre corner site. For further information on this deal and to discuss other #roadsideopportunities, please contact Adam Rawcliffe on 07968 474 988.

Acting on behalf of an institutional client, Jackson Criss have completed the sale of a retail and residential investment block, which comprises an unbroken parade of 6 retail units and 3 residential units, extending to a total floor area of 30,917 sq ft (2,872 sq m). Tenants include Tesco, Admiral, Pandora, Card Factory, Vision Express and EE. For further information please contact Philip Hay or Rhodri Jones.