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Hove

Goldstone Retail Park BN3 7PN

Status: Acquired

Date: 01 December, 2019

Type: Retail

Unique Redevelopment Opportunity

In December 2019, Joiner Cummings acted on the acquisition of Goldstone Retail Park on behalf of an institutional fund.

  • The property is currently a well configured and established retail scheme, built in 1998 and totalling 82,000 sq ft across 5 retail warehouse units, together with 2 pod units.
  • The site extends to 5.5 acres (2.2 hectares).
  • The park is let on a WAULT of 5 years to a mix of national multiples including; TK Maxx, DFS, Pets at Home and Harveys off sustainable rents, together with a vacant 26,000 sq ft unit and 2 pods let to Burger King and Nando‚Äôs.
  • Unique opportunity to undertake a comprehensive and,significant residential led mixed use redevelopment. 
  • Indicative studies suggest potential for scheme of c. 800 units, with the ability to create taller landmark elements. 
  • Potential to include a mix of residential tenures/uses including Private For Sale, Build to Rent, Student Accommodation and Care Homes, optimising the cashflow profile and driving development returns.