Woolshops Shopping Centre in Halifax up for sale for £15.5m

Real estate advisor Savills, on behalf of LaSalle Investment Management, has brought to market Woolshops Shopping Centre

The price reflects a net initial yield of 11.0%.

Woolshops covers 7.4 acres and 236,923 sq ft of retail space, one of the dominant retail offerings for the town.

Anchored by a 48,338 sq ft Marks & Spencer store, the open-air, streetscape scheme also includes Boots, JD Sports, WH Smith, Poundland and Costa Coffee.

The scheme also includes a twin-deck car park offering 310 spaces, which is the town’s principal parking provision, and generates 22% of the asset’s net income.

James Stratton, investment director at Savills, said: “Held freehold and covering 7.4 acres, Woolshops dominates Halifax’s prime retail offer. The modern scheme benefits from a vibrant mix of convenience, essential and fashion retailers, anchored by the town centre’s most popular car park.

"The low rise construction, open air street scape environment and asset management opportunities are expected to draw good interest from a wide range of investors.”