The 500,000 sq ft shopping centre is owned by Legal & General who are undertaking major improvements to the malls and entrances as well as broadening its retail offer.
This includes the development of a new restaurant quarter at first floor level adjoining Vue Cinema and the creation of new anchor stores. Recent lettings have been agreed to Decathlon and The Entertainer.
Existing anchor stores in the scheme include the Debenhams, Next and H&M and the centre has 1,150 car parking spaces.
The unit is situated to the centre of the mall opposite New Look and Debenhams and close to USC and Clinton Cards.
The premises are arranged on ground and first floors with the following approximate dimensions/areas:
Internal Width 38 ft 9 in 11.81 m
Shop Depth 68 ft 2 in 20.78 m
Ground Floor 2,570 sq ft 238.76 sq m
First Floor 708 sq ft 65.77 sq m
The premises are available on an effectively full repairing lease for a term of years to be agreed.
£160,000 per annum, exclusive of business rates and VAT.
The estimated service charge for the current year is £31,520.
The property has an energy rating D (86). The full report is available on request.
The Valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
RV (2010) £122,000
RV (2017) £83,000
However, interested parties are advised to make their own enquiries of the City Council (01223 457705)
Each party to be responsible for their own legal costs incurred in the transaction.
Or our joint agents Strutt & Parker, London