Staunton Whiteman has successfully sold The Oaks Retail Park to clients of DTZ Investors.
Acting on behalf of clients of UBS, Staunton Whiteman has successfully sold The Oaks Retail Park, Harlow to clients of DTZ Investors.
The Oaks Retail Park is strategically located 19 miles north east of Central London. The park, provides 114,138 sq ft across 8 units and a stand-alone drive-thru restaurant complimented by 382 customer parking spaces. The Oaks is situated within the dominant retail warehouse cluster in a large, affluent and high-spending catchment.
The Oaks Retail Park is very well let to an attractive range of retailers, B&Q, Home Bargains, The Food Warehouse, Tops Tiles, Easy Bathrooms, Jollyes, Halfords and McDonald's who produce an income of £1,968,682 pa, (£17.25 psf). Units rarely become available and when they do they are readily re-let at premium rental levels.
Harlow will be the fastest growing town in the UK with 23,000 new homes planned to be built, including £1.3bn of infrastructure improvements.
