Spring REIT

The Properties

Retail Properties in the United Kingdom

Altrincham
Birmingham
Chelmsford
Ellesmore Port
Goole
Great Yarmouth
Loughborough
Portsmouth


Highlights

  • A portfolio of 84 separate retail properties with diversified locations across the United Kingdom (the "UK").
  • The properties are leased to Kwik-Fit, a leading car servicing service provider in the UK. Kwik-Fit has the largest network of fast-fit centres in the country with more than 600 centres.
  • Rental income is secured by long-term leases, with the majority expiring in year 2032. There is no break clause, and early termination requires payment of the rent in full for the remaining term.
  • Mark-to-market rent review happens every 5 years, under which the rents can only be revised upward.

Summary

Asset type Retail
Number of properties 84
Location Various locations across the United Kingdom
Total gross internal area Approximately 500,000 sq.ft.
Rent review mechanism Every 5 years. Upward-only adjustment to prevailing market rent.


Locations of Properties

# Location (Address)
1 Alloa (Clackmannan Road, Alloa FK10 1RR)
2 Altrincham (1-3 Church Street, Altrincham WA14 4DB)
3 Ayr (38 Fort Street, Ayr KA7 1DE)
4 Ayr (22/26 Maybole Road, Ayr KA7 2PZ)
5 Bishop Auckland (Cockton Hill Road, Bishop Auckland DL14 6JN)
6 Blyth (Cowpen Road, Blyth NE24 5TT)
7 Bridgewater (48-54 St John's Street, Somerset, Bridgewater TA6 5HY)
8 Bridlington (32-36 St Johns Street, Bridlington YO16 7JS)
9 Burnley (Caldervale Road, Burnley BB11 1BS)
10 Carmarthen (Pensarn Road, Carmarthen SA31 2BS)
11 Castleford, Leeds (92 Bridge Street, Castleford, Leeds WF10 4LA)
12 Chapel Allerton, Leeds (232 Harrogate Road, Chapel Allerton, Leeds LS7 4QD)
13 Chelmsford (103 New London Road, Chelmsford CM2 0PP)
14 Clevedon (119-120 Kenn Road, Clevedon BS21 6JE)
15 Coatbridge (320 Main Street, Coatbridge ML5 3RA)
16 Congleton (46a West Road, Congleton CW12 ES)
17 Croydon (3 Mitcham Road, Croydon CR0 3RU)
18 Doncaster (Wheatley Hall Road, Doncaster DN2 4LP)
19 Dumfries (40 Laurieknowe Place, Dumfries DG2 7DA)
20 Edinburgh (69b Saughton Road North, Edinburgh EH12 7JB)
21 Edinburgh (19 Corstorphine Road, Edinburgh EH12 7DD)
22 Edinburgh (81/91 Dundee Street, Edinburgh EH11 1AW)
23 Edinburgh (107/109 Dundee Street, Edinburgh EH11)
24 Ellesmere Port (116 Whitby Road, Ellesmere Port CH65 0AB)
25 Eltham (727 Sidcup Road, Eltham SE9 3SA)
26 Forfar (Queenswell Road, Forfar DD8 3JA)
27 Glasgow (381 Pollokshaws Road, Glasgow G41 1Q2)
28 Glenrothes (Fullerton Road, Glenrothes KY7 5QR)
29 Goole (Boothferry Road, Goole DN14 6AF)
30 Great Yarmouth (90 North Quay, Great Yarmouth NR30 1JT)
31 Helensburgh (3 Charlotte Street, Helensburgh G84 7SH)
32 Hornchurch (Ardleigh Green Road, Hornchurch RM11 2ST)
33 Huddersfield (Lockwood Road, Huddersfield HD1 2QW)
34 Hyde (26-28 Manchester Road, Hyde SK14 2BD)
35 Islington (379 Camden Road, Islington N7 0SH)
36 Keighley (Worthway, Keighley BD21 5ET)
37 Keynsham (Ashton Way, Keynsham BS31 2UF)
38 Kidderminster (20 Churchfields, The Horsefair, Kidderminster DY10 2JL)
39 Kilmarnock (32/36 Low Glencairn Street, Kilmarnock KA1 4DD)
40 Kirkcaldy (182 The Esplanade, Kirkcaldy KY1 1RE)
41 Leven (The Promenade, Leven KY8 4PJ)
42 Lincoln (148-150 Newark Road, Lincoln LN5 8QJ)
43 Liverpool (232 Aigburth Road, Liverpool L17 0BJ)
44 Llandudno (Conway Road, Llandudno LL30 1DE)
45 Loughborough (24-29 The Rushes, Loughborough LE11 5BG)
46 Middlesbrough (3 Landsdowne Road, Middlesbrough TS4 2LW)
47 Montrose (24 George Street, Montrose DD10 8EW)
48 Motherwell (99a Airbles Road, Motherwell ML1 2TJ)
49 Northwich (Leicester Street, Northwich CW9 5LQ)
50 Oban (Market Street, Oban PA34 4HR)
51 Oldham (Huddersfield Road, Oldham OL1 3HR)
52 Oldham (Middleton Road / Landsdowne Road, Oldham OL9 9EG)
53 Otley (Bondgate, Otley LS21 3AB)
54 Plymouth (125-129 Alexandra Road, Mutley, Plymouth PL4 7EG)
55 Pontypridd (Sardis Road, Pontypridd CF37 1BA)
56 Portsmouth (94 East Surrey Street, Portsmouth PO1 1JY)
57 Preston (Market Street, Preston PR1 2AB)
58 Radcliffe (Bury Road, Radcliffe M26 2UG)
59 Rutherglen (273 Main Street, Rutherglen G73 3AA)
60 Sheffield (726 City Road, Sheffield S2 1GT)
61 Sheffield (Townhead Street, Sheffield S1 2ED)
62 Shipley (58 Briggate, Shipley BD17 7BT)
63 Skegness (50 Roman Bank, Skegness PE25 2SP)
64 South Croydon (453 Brighton Road, South Croydon CR2 6EW)
65 Southport (8 Ash Street, Southport PR8 6JH)
66 Stirling (11 Burghmuir Road, Stirling FK7 7PE)
67 Stonehaven (110 Barclay Street, Stonehaven AB39 2AP)
68 Sunderland (Monk Street, Sunderland SR6 0DB)
69 Thornbury (14 Mead Court, Thornbury BS38 3UW)
70 Tottenham (32 Monument Way, Tottenham N17 9NX)
71 Truro (Treaswalls Road, Truro TR1 3PY)
72 Warrington (Priestley Street / Garibaldi Street, Warrington WA5 1TE)
73 Wigan (Wallgate, Wigan WN5 0XG)
74 Worcester (1 Carden Street, City Walls, Worcester WR1 2AT)
75 Yoker (2369-2375 Dumbarton Road, Yoker G14 0NT)
76 Gloucester (Unit 3, Northbrook Road, Gloucester GL4 3DP)
77 Stirling (1 Whitehouse Road, Stirling FK7 7SS)
78 Barrhead (17 Cross Arthurlie Street, Barrhead G78 1QY)
79 Birmingham (900/902 Coventry Road, Hay Mills, Birmingham B10 0UA)
80 Edinburgh (40a Piershill Place, Portobello Road, Edinburgh EH8 7EH)
81 Lichfield (8-9 Europa Way , Lichfield WS14 9TZ)
82 Nelson (130 Leeds Road, Nelson BB9 9XB)
83 Thornaby On Tees (212 Thornaby Road, Thornaby On Tees TS17 8AA)
84 Weston-Super-Mare (Winterstoke Road, Weston-Super-Mare BS23 3YE)