20th November 2018

Clwyd Retail Park, Rhyl

A retail park extending to 90,294 sq. ft., comprising six retail units and a restaurant. The park is let to B&Q, Pets at Home, Iceland, Carpetright, DSG Retail, Halfords and Pizza Hut and is adjacent to a 60,000 sq. ft. Sainsbury’s supermarket.

Detailed planning consent was obtained for the construction of a new 8,000 sq. ft. unit.  Construction was started on a speculative basis as we were confident of identifying a tenant prior to completion.  Shortly after building work commenced, Iceland agreed to sign a 10-year lease, which completed in May 2018.


The asset was acquired in November 2014 for £15.1m reflecting a net yield of 6.85%.


  • Achieved planning consent for an 8,000 sq. ft. unit and let it to Iceland on a 10-year lease.