Shop Unit To Let - Subject To Vacant Possession
Spindles and Town Square Shopping Centre comprises approximately 450,000 sq ft of retail accommodation over two trading levels, providing two multi storey car parks with 1,370 spaces. The scheme is anchored by an 83,000 sq.ft Debenhams and a 31,000 sq.ft BHS, TJ Hughes will be opening in late 2015 to anchor Town Square.
The centre benefits from a weekly footfall in excess of 220,000 and a tenant lineup including H&M, River Island, Next, Peacocks, JD Sports, The Entertainer, Boots, Waterstones and Costa Coffee. Oldham has a catchment population of 217,000 with a 6.5 mile radius and 1.91 million within a 12 mile radius. The primary and secondary catchment totals 518,240.
Adjacent to the shopping centre is the recently redeveloped, Grade-II listed Town Hall which provides a 7-screen Odeon Cinema alongside a number of restaurants, fronting Clegg Street, including Nando’s, GBK and Loungers.
The premises are arranged over ground and first floor providing the following approximate dimensions and net internal floor areas:-
|Floor||m / sq.m.||ft. In. / sq.ft.|
|Internal Width||7.3 m||(24’2”)|
|Shop Depth||13.5 m||(44’5")|
|Ground Floor Sales||78.31 sq.m||(843 sq.ft)|
|First Floor Ancillary||87.51 sq.m||(942 sq.ft)|
(All measurements have been calculated in imperial and converted to metric).
The premises are available by way of a new 10 year effective full repairing and insuring lease, subject to 5 yearly upward only rent reviews.
£31,500 per annum exclusive.
The service charge for the current year is £6,878.
From verbal enquiries, we understand the premises are assessed for rates as follows:-
|Rateable Value (2017)||£26,000|
Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk.
All figures quoted are subject to VAT where applicable.
The ingoing party is to be responsible for their own legal costs incurred in the transaction.
Viewings should be made strictly by prior appointment through Nick McAllester of this office or alternatively contact our joint agents Jamieson Mills (0207 758 0051).
Code of Practice
The landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease terms are available on request. A copy of the Code of Practice can be obtained from the Royal Institution of Chartered Surveyors, 12 Great George Street, Parliament Square, London, SW1P 3AD, Tel: 0207 334 3795 or alternatively from the website: www.leasingbusinesspremises.co.uk