Prime Shop to Let | 1,500 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 million 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 Castle”, the popular Ebbw Vale Owl Sanctuary; and Mary’s Garden Centre.
The Centre is anchored by Sports Direct and Gap with other tenants including Dickies, Mountain Warehouse, Pavers, Holland & Barrett, Poundland, Costa and Massarellas amongst others.
The premises provide the following approximate net internal floor areas:-
|Ground Floor||139.35 sq.m||(1,500 sq.ft)|
The shop unit is available on a new effectively full repairing and insuring lease, which will include a service charge provision.
Base Rent & Turnover Rent
£30,000 or 10% of net annual turnover, whichever is the greater, exclusive of service charge, promotional costs, business rates and VAT
Service Charge is £12,330.90 for 2018/19, with promotional costs of £2 per sq ft or 2% of the net turnover
|Rateable Value (2017)||£28,250|
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 where applicable.
The property has an EPC rating of E (119) A copy of the EPC is available upon request.
Strictly by prior arrangement with Nick McAllester of this office or alternatively contact our joint agents CHD Property (Tel:0207 734 2080).