Sale completed of Warrington’s Gemini Retail Park

Gemini Retail Park

Warrington’s Gemini Retail Park has been sold for an undisclosed sum.

International real estate advisor Savills, completed the sale on behalf of M&G, to Knight Frank Investment Management, represented by Lewis Ellis.

Gemini Retail Park is a modern, high quality retail warehousing scheme comprising three units across 49,447 sq ft.

The three units are let to Boots and Next, with Next occupying a 15,942 sq ft store, which includes a Costa Coffee concession, and a separate 18,805 sq ft Next Home store.

The scheme provides an annual rental income of £1,248,761, and a WAULT of around 4.5 years. Two out of the three units benefit from recently re-based rents.

Gemini Retail Park is situated in a highly prominent and busy location fronting Europa Boulevard and has established itself as a regionally dominant out of town retail destination.

Nearby retailers include a 200,000 sq ft IKEA superstore and a 122,000 sq ft M&S, as well as Porcelanosa and McDonalds.