Shopping centre with big names to go under the hammer with a £5m guide price
The centre includes Iceland, Ryman and Boots
A Castleford shopping centre is poised to go under the hammer today for a guide price of £5million.
Billed as a substantial investment opportunity, Carlton Lanes Shopping Centre is set to feature in Allsop's commercial auction.
The 96,287 sq ft retail complex currently hosts a variety of well-known high street retailers, including Iceland, Ryman, Boots, Card Factory, Peacocks, Warren James, TUI, Hays Travel, 3 Store, Ramsdens, CEX, and The Works.
The property generates an annual rental income of £819,630, according to the auction details, with approximately 19,031 sq ft of retail space currently vacant.
Occupying a 4.25-acre site, Carlton Lanes offers 96,287 sq ft of retail accommodation, complemented by two town-centre car parks. These include a 65-space car park on Aire Street and a 126-space car park on Bridge Street, providing a total of 191 parking spaces.
The centre is strategically located on the south side of pedestrianised Carlton Street, near Bridge Street and Station Road, and adjacent to Castleford’s popular market.
With its £5 million guide price, existing annual rent exceeding £819,000, and the potential to re-let vacant units, Carlton Lanes is expected to draw considerable interest from investors seeking a sizeable retail asset with both established income and scope for growth.
The sale represents one of the more significant commercial property opportunities to emerge in the Castleford market recently.
For more information, visit the auction site here.