Retail / Properties / Merry Hill Retail Park (Phase 3) Dudley, DY5 1SY

Description

The scheme extends to 84,115 sq. ft with existing tenants including The Range, Harveys, Oak Furnitureland and Wren Kitchens. The mix of retailers has established the park as a major furnishings destination to the West of Birmingham and the Landlord is in the process of refurbishing the elevations to further enhance the quality of the retail space.

The scheme forms part of the wider Merry Hill Retail Park where DFS, Mothercare, Home Bargains and Pets at Home have all opened stores in recent years.

Location

Located adjacent to Merry Hill regional shopping centre (intu) in the heart of the West Midlands, this opportunity lies within a significant critical mass of retail warehousing. Neighbouring occupiers included Homesense, Pizza Hut and Carphone Warehouse. With other key retailers located in the vicinity which includes Currys/PC World, Pets at Home, TK Maxx, Matalan.

Use Class

A1 – Open, Including Food

Ownership

M&G Real Estate

Number of Retail Units

5

Parking

355

Demographics

Residential catchment population:

10 mins: 171,120

20 mins: 531,434

30 mins: 1,258,049

40 mins: 2,222,129

Merry Hill is ranked 37th in GB in respect comparison goods expenditure of all retail parks (CACI Retail Footprint 2013).

Within 10 mins there is a total weekly available expenditure on household furnishings, equipment & maintenance of £1.5m, rising to 20m with 40mins.