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£11,490,000 (Subject to Contract and Exclusive VAT)
Culver Square Shopping Centre is situated within Colchester’s prime retailing core. The prominent and substantial site is bound and has frontages onto Head Street to the west, Sir Isaac's Walk to the south and Culver Street West to the north. Colchester’s other main shopping centre, Lion Walk, is located a short distance to the east of Culver Square. The main entrance to the Centre is from the Culver Street West with the secondary entrances through the current H&M fronting Head Street and from Isaacs Walk. There are multiple car parking opportunities within the city centre in close proximity to Culver Square including St Johns Street, Osborne Street, Balkerne Hill, Nunn’s Road and Vineyard Street.
Culver Square Shopping Centre was built in 1988 with the name deriving from ‘Culver’, meaning ‘Dove’ and ‘Square’ indicating the central piazza style open shopping environment surrounded by anchor stores H&M and TK Maxx and the now vacant former Debenhams department store. The open air scheme has two malls leading north and south to Sir Isaac’s Walk and Culver Street West where there are a further 33 units which form part of Culver Square Shopping Centre.
£2145,093 per annum exclusive
Freehold
A net initial yield of 10.00%.
Partner | Investment
Associate Partner | Investment
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