Shop Unit To Let Subject to Vacant Possession | 8,750 sq.ft
The 100,000 sq ft Festival Park Outlet Shopping & Leisure Centre is set in 75 acres of award winning parkland. The Centre comprises over 40 shop units and benefits from an annual footfall of 1.7 mil-lion per year and 863 free car parking spaces. Festival Park also provides the UK’s longest Supertubing run; South Wales’ largest free children’s play castle “The Red Dragon’s Adventure Cas-tle”, the popular Ebbw Vale Owl Sanctuary; and Mary’s Garden Centre
The Centre is anchored by M&S, Sports Direct and Gap with other tenants including Clarks, Dickies, Mountain Ware-house, Pavers, Holland & Barrett, Costa and Massarel-las amongst others.
The subject premises are located adjacent to Clarks.
The premises are arranged over ground floor only providing the following approximate floor area:-
|Ground Floor||812.88 sq.m||(8,750 sq.ft)|
The shop unit is available on a new effectively full repair-ing and insuring lease, which will include a service charge provision.
Base Rent & Turnover Rent
£175,000 or 10% of net annual turnover, whichever is the greater, exclusive of service charge, promotional costs, business rates and VAT
Service Charge is £71,809.34 for 2018, with promotional costs of £2 per sq ft or 2% of the net turnover
From verbal enquiries, we understand the premises are assessed for rates as follows:-
|Rateable Value (2017)||£147,000|
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.
The property has a rating of ( ). A copy of the EPC is available upon request.
Viewings should be made strictly by prior appointment through Nick McAllester of this office. Alternatively con-tact our joint agents CHD Property (Tel; 0207 734 2080).
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.