Trinity Retail Park, St Peters Way



  • Bolton has an estimated total population within the primary catchment area of 529,000 people
  • An open A1 non-food retail park comprising 5 retail warehouse units and a drive-thru unit totalling 84,552 sq ft
  • Prominent and highly accessible location adjacent to the town centre and the A666
  • Fully let and income producing
  • Toys R Us have been in occupation since 1994 with significant goodwill attached to the store
  • Opportunity to pursue regears with Toys R Us and Burger King
  • Opportunity to drive rent on Burger King on the back of the new letting to Costa, adjacent to the park entrance
  • New letting to Ninja Nation, building on the success of soft play/leisure activities at the park
  • Freehold
  • Contracted rent of £893,149 per annum, reflecting a low average level of £10.56 psf
  • AWULT of 5.1 years (4.2 years to break)
  • We are instructed to seek offers in excess of £9,000,000 (Nine Million Pounds Sterling) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 9.30% after allowing for purchaser's costs of 6.68%
  • Option to buy the Isle of Man based SPV company


Bolton is a major regional centre within Greater Manchester, 14 miles (22.5 km) north west of Manchester. Bury and Rochdale are to the east, along the M60/M62 motorways, about 7 miles (11 km) and 18 miles (19 km) respectively.

Rail services connect the town with central Manchester with a journey time of 20 minutes which provides good rail links to London Euston, with a total journey time of approximately 2 hours 47 minutes. Manchester International Airport is located 20 miles (32 km) to the south east.

The town has good road communications, situated between the M61 and M66 motorways providing access to Junctions 14 and 18 respectively of the M60 motorway, within 2.8 miles (4.5 km).


Bolton has an urban population of 266,500 persons (Source: 2010 ONS Estimate). Bolton is categorised by PROMIS as a Sub Regional Centre, with a total population within the Bolton primary catchment area of 559,000, above the Sub Regional Centre average and ranking the town 26 out of the PROMIS Centres.

Bolton has a household catchment of 76,604 within 10 minutes' drive and 276,222 within 20 minutes' drive.

Trinity Retail Park is situated in a prominent location fronting St Peter's Way (A666), approximately 0.5 miles south of Bolton town centre. The site is accessed via Lower Bridgeman Street (A579).

The subject property is within close proximity to a number of major food stores, including ASDA, Morrisons, Tesco, and Sainsbury's.


The park comprises five retail warehouse units and a drive-thru unit totalling approximately 84,552 sq ft (7,855 sq m), with an excellent parking provision of 377 car spaces plus 2 for pick-up at Toys R Us, reflecting a ratio of 1:223 sq ft.

Toys R Us 133 spaces plus 2 for pick-up
Burger King 37 spaces
Other Units 207 spaces

There is additional staff parking.

The site area is approximately 4.96 hectares (12.24 acres), which equates to a low site cover of c.16%. This provides the potential to consider the development of a further leisure pod, subject to planning.




Let to 5 occupiers, with substation lease to Norweb. Current contracted rent of £893,149 pa.

Covenant Information

Ninja Nation Ltd have a D&B rating of O3

Jump Xtreme Limited have a D&B rating of 1A2
Jump Xtreme have trampoline parks across the UK in Bolton, Bury and Tamworth. The parks are amongst the largest in the UK and each include over 100 interlinked trampolines.

SUK Retail Ltd have a D&B rating of N4
Office Outlet rebranded from Staples in February 2017. The US-based stationery specialist agreed to sell its UK retail business and operations, which employs 1,100 people, to Hilco Capital in November 2016. Hilco has also moved to streamline its property, by attempting to shed up to 285,000 sq ft from its store portfolio by sub-letting space in 35 larger stores. The Trinity Retail Park Store was unaffected by this strategy.

Toys R Us Limited have a D&B rating of 5A1
Toys R Us is an American toy and juvenile-products retailer founded in 1948 and headquartered in New York. The company owns or licenses 866 Toys R Us and Babies R Us stores in the United States and Puerto Rico, more than 750 international stores and more than 245 licensed stores in 37 countries and jurisdictions.
The US arm filed for bankruptcy in September 2017, however the European business, which includes 110 stores and more than 2,500 staff in the UK, is separate from the US. The retailer, which arrived in the UK in 1985, is still planning to open four more stores in Britain before Christmas.

Burger King Limited have a D&B rating of N1
Burger King is a global chain of hamburger fast food restaurants headquartered in unincorporated Miami-Dade County, Florida, United States. The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain.

There is a 2012 Underlease to Karali Limited who have a D&B rating of 3A1.
The Karali Group is one of the largest franchisees and was the winner of the AB Awards Franchisee of the year in 2014.


The property has been elected for VAT and therefore VAT will be payable on the purchase price.


The scheme benefits from an Open A1 (non-food) planning consent.

Planning permission was granted in January 1994 for the erection of buildings comprising non-food retail with car parking/servicing/loading/turning facilities and new vehicular access.

Further permission was granted in May 1994 to provide for a drive-thru fast food unit with associated car parking areas.

There were no restrictions on sub-division within the original consent.


Bolton's retail warehouse provision (non food) includes the subject property, Middlebrook Retail Park, Bolton Gate Retail Park, Bolton Shopping Park, Burnden Park and Central Retail Park.
Bolton is ranked 19 out of the PROMIS Centres in the UK in terms of Retail Warehouse supply.


UK retail warehouses transaction volumes have rocketed in 2017, with competition for space driven by online shopping. Volumes to date in 2017 reflect the confidence and impetus in the market. Consumer confidence remains relatively robust, which is filtering through into positive investor appetite across the sector.
New buyers are appearing alongside local authorities and the traditional institutional investor base, placing downward pressure on yields across the board for better quality assets. 2017 is expected to finish strongly as the sector continues to compare favourably to alternative sub-sectors.

Further information can be found in the marketing brochure.


Full EPC reports can be provided on request.


Further information on request.


We are instructed to seek offers in excess of £9,000,000 (Nine Million Pounds Sterling) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 9.30% after allowing for purchaser's costs of 6.68%.
Option to acquire the Isle of Man based SPV company.

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