Three new UNITS
Unit A – 4,000 sq.ft.
Unit B – 4,700 sq.ft.
Unit C - 10,000sq.ft.- Let To Everyman Cinema
Altrincham is a strategically located affluent satellite town within Greater Manchester with per capita spending levels well above the national average.
Altrincham is also well known for a variety of high quality specialist and contemporary high street retailers, a well established market and good office accommodation, providing quality modern services in a heritage setting. The public transport system provides access to a population of 1.3m within 15 minute travel time of Manchester city centre.
The George Street property is split over two levels, accessed from either George Street and/or Central Way. Units A/B/C all have access from George St. the main pedestrian retail parade. A vibrant trading environment where small independent shops thrive alongside major chains.
Unit C also has an access from Central Way, adjacent to the Charter Market Quarter, including the historic Market House which has been beautifully refurbished and reinvented as a high quality gastro hub, extremely popular with both local residents and visitors from all over the North West.
The property benefits from consent for all uses within classes A1, A2, A3, A4, and A5 as well as D1 and D2 of the Town and Country Planning (Use Classes) Order 1987.
Altrincham is one of the principle commercial centres in Cheshire and an affluent satellite town within Greater Manchester. The town is located approximately 9 miles south of Manchester city centre and circa 30 miles east of Liverpool.
Altrincham is an established market town and offers an excellent selection of retail and leisure facilities in a vibrant and currently expanding town centre. Manchester International Airport is located 4 miles to the east of Altrincham and is one of Europe's fastest growing airports.
Altrincham benefits from rapid access (within 1 mile of Junction 7 of the M56) to the densest network of motorways in the UK connecting the town to all major conurbations within the North West and beyond. This is further enhanced by the new £19m public transport interchange which opened in December 2014.
Altrincham serves a district population in excess of 210,000, while 410,800 people live within 10km (6 miles) of the town centre, extending to 2.3 million people within 20km (12 miles). Altrincham and the adjacent residential areas of Hale, Hale Barns and Bowdon comprise Greater Manchester's 'stockbroker belt' and are particularly popular with executive home owners, due to a combination of excellent education facilities, good quality housing stock an excellent comparison shopping and leisure facilities; all within a very short commuting distance of Manchester City Centre.
Almost double the national average of "Wealthy Executives" reside within the Altrincham area; with Hale and Bowdon comprising two of the five richest villages in the country in terms of the number of houses sold for in excess of £1m. Major employers include Cotton Traders, Hitachi, Mott McDonalds, Saltus Fund Management, Civica Group, NES Group and GE UK Holdings.
Economy And Demographics
The general economic well-being and affluence of Altrincham and the wider Trafford Borough is demonstrated by the following socio-economic statistics:
Wealthy Executives: 15% within the local adult population, significantly above the UK average of 9%.
- Class AB Socio-economic groupings: 39% within the local adult population, significantly above the UK average of 22%.
- Class DE Socio-economic groupings: 15% within the local adult population, significantly below the UK average of 26%.
- Car Ownership: Significantly above average number of households with two cars.
- Home Ownership: 73% of homes are owner occupied, comfortably above the national average of 66%.
- Average Detached House Price: £417,000 significantly above the national average
- Unemployment Rate: Consistently below the UK average over the previous 20 years; with the March 2017 figure of 0.8% nearly half the national average.
The Market & Food Market
The overall vitality of Altrincham town centre has been significantly enhanced by the regeneration and conversion in 2014 of the listed Altrincham Market House which is now an Artisan Food Hall behind traditional Victorian style shop fronts facing onto 180-seat covered eating area. Nine outlets are currently housed in Market House and serves a variety of foods from across the globe to more than 7,000 people each week. Some of the kitchens, as small as 215sq.ft., turn over in excess of £700,000 each year. The fast expanding food and drink offer has now spread to the external markets and surrounding streets, improving shopper dwell times and overall retail trade and profitability within the town centre.
Altrincham town centre provides approximately 630,00sq.ft. of retail floor space. Retailing in Altrincham is focused around pedestrianised George Street, complemented by the secondary pitches of Stamford New Road; Cross Street; Shaws Road. The Grafton Centre is located at the southern end of George Street and The Stamford Quarter shopping centre is located on the northern section of George Street.
Unit A (5,000 sq.ft.) and Unit B (4,000 sq.ft.) are ideally located adjacent to Everyman Cinema and less than fifty meters from Marks & Spencer’s, the Shaws Road leisure attractions and the Market Hall.
Everyman Cinema are leasing the 10,000 sq.ft. upper floor together with an entrance on George Street adjacent to Units A and B. Their high quality brand currently occupies such high profile locations as Maida Vale, Kings Cross and Hampstead.
Proposed Ground Floor Proposed Upper Ground Floor The development will provide the following accommodation:
- Unit A – 4,000 sq.ft. Ground Floor - AVAILABLE
- Unit B – 4,700 sq.ft. Ground Floor - AVAILABLE
- Unit C – 10,000 sq.ft. Upper Ground Floor - LET to Everyman Cinema
The property is available by the way of a new full, repairing and insuring lease for a term to be agreed.
- Unit A – £80,000 pa
- >Unit B - £90,000 pa
To be assessed
The property benefits from A1, A2, A3, A4, A5 as well as D1 and D2
All prices, outgoings and rentals are quoted exclusive of, but may be liable to VAT.
Energy performance certificate
To be assessed
Each party to be responsible for their own legal costs incurred in the transaction