new retail / leisure proposal - Realla
NEW RETAIL / LEISURE PROPOSAL OCCUPATION FROM EASTER 2016
QUEENSGATE SHOPPING CENTRE
on the instructions of REDEVCO
LOCATION The John Lewis Partnership anchored Queensgate Shopping Centre is the prime retailing destination in Peterborough City Centre. The subject property is located in a prominent location fronting the Central Square, benefiting from excellent footfall from within the centre and being adjacent to the entrance to Cathedral Square. The unit is adjacent to Primark and Marks & Spencer. The centre is due to undergo a significant refurbishment programme following the recent acquisition by Investec/Lend Lease.
ACCOMMODATION The premises trade over ground and first floor providing the following approximate net internal floor areas:Ground floor sales
1,075.6 sq m
11,587 sq ft
First floor sales
1,523.6 sq m
16,400 sq ft
Basement loading bay
48.59 sq m
523 sq ft
Plans are available on request detailing potential split options depending on retailer requirements.
TERMS
SCHEME / REDEVELOPMENT PROPOSALS
The premises are available from April 2016 by way of a new effectively full repairing and insuring lease for a term to be agreed, subject to 5 yearly upward only rent reviews.
• Multi-screen digital cinema • 7 new restaurants • Refurbished John Lewis • New Next store, twice as large as their existing Queensgate store
RENT
• Refurbishment of existing malls
Commencing rental of £550,000 pax
• Planning permission submitted summer 2015 • Construction commences 2016
RATES/SERVICE CHARGE
• Extension opens 2018
From verbal enquiries, we understand the premises are assessed for rates as follows:Rateable value (2010)
£710,000
UBR (2015/16)
49.3p
Rates Payable
£342,220
Service Charge
£232,500pa.
COSTS 1. All figures quoted are subject to VAT where applicable. 2. The ingoing party is to be responsible for their own legal costs incurred in the transaction.
VIEWING Appointments to view should be made strictly by prior appointment throuigh the agents. Please see overleaf.
NEW LE ISURE DEVE LOPM ENT
ER
R OFF
UNDE
QUEENSGATE SHOPPING CENTRE
FOR FURTHER INFORMATION PLEASE CONTACT:
Mark Crookes McMullen Wilson [email protected] 0203 058 0204
Stephen Proudley LSH [email protected] 0161 228 6411
Rhys Williams McMullen Wilson [email protected] 0203 058 0208
Richard Lyons LSH [email protected] 0161 228 6411
Misrepresentation act: All Agents and for the vendors or lessors of this property whose agents they are, give notice that (i) these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them. (ii) no person in the employement of all has any authority to make or give any representation or warranty in relation to this property. Subject to contract & subject to gaining vacant possession.
QUEENSGATE SHOPPING CENTRE
on the instructions of REDEVCO
LOCATION The John Lewis Partnership anchored Queensgate Shopping Centre is the prime retailing destination in Peterborough City Centre. The subject property is located in a prominent location fronting the Central Square, benefiting from excellent footfall from within the centre and being adjacent to the entrance to Cathedral Square. The unit is adjacent to Primark and Marks & Spencer. The centre is due to undergo a significant refurbishment programme following the recent acquisition by Investec/Lend Lease.
ACCOMMODATION The premises trade over ground and first floor providing the following approximate net internal floor areas:Ground floor sales
1,075.6 sq m
11,587 sq ft
First floor sales
1,523.6 sq m
16,400 sq ft
Basement loading bay
48.59 sq m
523 sq ft
Plans are available on request detailing potential split options depending on retailer requirements.
TERMS
SCHEME / REDEVELOPMENT PROPOSALS
The premises are available from April 2016 by way of a new effectively full repairing and insuring lease for a term to be agreed, subject to 5 yearly upward only rent reviews.
• Multi-screen digital cinema • 7 new restaurants • Refurbished John Lewis • New Next store, twice as large as their existing Queensgate store
RENT
• Refurbishment of existing malls
Commencing rental of £550,000 pax
• Planning permission submitted summer 2015 • Construction commences 2016
RATES/SERVICE CHARGE
• Extension opens 2018
From verbal enquiries, we understand the premises are assessed for rates as follows:Rateable value (2010)
£710,000
UBR (2015/16)
49.3p
Rates Payable
£342,220
Service Charge
£232,500pa.
COSTS 1. All figures quoted are subject to VAT where applicable. 2. The ingoing party is to be responsible for their own legal costs incurred in the transaction.
VIEWING Appointments to view should be made strictly by prior appointment throuigh the agents. Please see overleaf.
NEW LE ISURE DEVE LOPM ENT
ER
R OFF
UNDE
QUEENSGATE SHOPPING CENTRE
FOR FURTHER INFORMATION PLEASE CONTACT:
Mark Crookes McMullen Wilson [email protected] 0203 058 0204
Stephen Proudley LSH [email protected] 0161 228 6411
Rhys Williams McMullen Wilson [email protected] 0203 058 0208
Richard Lyons LSH [email protected] 0161 228 6411
Misrepresentation act: All Agents and for the vendors or lessors of this property whose agents they are, give notice that (i) these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of an offer or contract. They are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to the correctness of each of them. (ii) no person in the employement of all has any authority to make or give any representation or warranty in relation to this property. Subject to contract & subject to gaining vacant possession.
