Investment.

Thornaby.

The Pavilion Shopping Centre, TS17 9FF

Map View

Status.

Sold on 01/05/2019

Price.

£8,500,000

Location.

Thornaby has a compact and well-defined shopping area centred on The Pavilion Shopping Centre which was originally built in the 1960s on the site of RAF Thornaby, a former WW2 Spitfire base/aerodrome. Located two miles south of Thornaby rail station the property is accessed from either the A66 or A19 via Acklam Road (A1130) and ultimately Mitchell Avenue.The Pavilion Shopping Centre dominates the retail provision in the town providing the sole retail destination and community focus.

Description.

The Pavilion Shopping Centre was subject to a £30m redevelopment in 2009 and provides an extensive convenience retail offer in the heart of Thornaby. The community centre comprises circa 270,000 sq ft of retail and office accommodation and is food store anchored by a 100,000 sq ft Asda at its southern end and a 17,500 sq ft Lidl at it northern end. Major retailers represented include Wilko, Home Bargains, Iceland,Boots, Poundstretcher, Greggs, Halifax, Barclays, Card Factory and Shoe Zone.

Rent.

£850,000.00 per annum exclusive

Tenure.

Lease

Yield.

10% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

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Aberdeen Standard

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La Salle Investment Management

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DTZ Investors

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