The Broadway in Bradford hits the market for £74m

Set across 10 acres, The Broadway comprises 572,876 sq ft of retail and leisure space, anchored by major occupiers including Primark, JD Sports, Boots, Superdrug and Next. The scheme boasts a diversified and robust income stream with 85% of gross income secured against tenants with more than two years to lease expiry, and 33% secured against non-retail uses, generating £10.13 million per annum.

Bradford is currently benefitting from major investment which, combined with it being named as the City of Culture, is revitalising and transforming the core of the city. Key highlights include £50 million of investment into the entertainment venue Bradford Live, £23 million into Darley Street Market and the City Village project, which is set to deliver 1,000 homes in the city centre on the sites currently occupied by Oastler Market and Kirkgate Shopping Centre.

Mark Garmon-Jones, director of retail investment at Savills, comments: "The Broadway is a modern, dominant prime retail investment at the heart of a growing and vibrant city. Named as the UK City of Culture 2025, Bradford continues to attract an influx of public and private sector investment making it an even more attractive prospect for potential buyers. From an investment perspective, it provides the chance to acquire a scheme with compelling reversionary potential and several exciting active asset management opportunities. For this reason we anticipate a high volume of enquiries from interested parties."