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35-37 King Street & 11-43 and 2-20 Riverside Walk, , Thetford, IP24 2BG
45,434 Sq Ft / Retail
Withdrawn - Last updated: 21 July 2024
Summary
High Yielding Town Centre Retail Investment Opportunity
Investment Opportunities
Riverside Walk is a substantial component of the town centre retail provision of Thetford, a Norfolk town within Breckland District, which has a District Population of 129,000.Excellent communications with the dual carriageway A11 linking north to Norwich, and south to the M11 motorway, and Cambridge, Ipswich, and the East Coast Ports via the A14 dual carriageway.Leading to the bridge over the River, Riverside Walk benefits from pedestrian flow to the newly developed Riverside Cinema, Travelodge and leisure complex, as well as the town car park immediately to the east of the property.Two unbroken parades comprising 18 units with upper parts, let to tenants including Lloyds Bank plc, M&Co, Argos, Specsavers, Nationwide Building Society, Sue Ryder, Cancer Research, Haart, and Barnardos.Major tenant covenants account for over 74% of current income.Producing an income of 451,400 pa after completion of letting, and net rent of 362,640 after payment of headrent.
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