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Castlegate Leisure Park, Dudley, West Midlands, DY1 4TA

£8,333 pcm
£100,000 pa

£28.08 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

3,561 sq ft

331 sq m

SECTOR

Restaurant to lease

Lease details

Lease available date:
Ask agent

Key features

  • PART OF ESTABLISHED LEISURE SCHEME ANCHORED BY A 14 SCREEN MULTIPLEX CINEMA
  • FORMER FRANKIE & BENNY'S RESTAURANT WITH A3 PLANNING CONSENT
  • ESTABLISHED LEISURE SCHEME, DOMINANT IN ITS CATCHMENT
  • ESTABLISHED LEISURE SCHEME, DOMINANT IN ITS CATCHMENT

Description

Location

Located 9 miles west of Birmingham city centre and just under a mile from Dudley town centre, Castlegate Leisure Park enjoys a prime location off the Castle Gate island. The site is easily accessible via the A461 and A4037 roads, which connect to the M5 motorway, Birmingham, and the surrounding area.

The park's accessibility is further enhanced by its proximity to Junction 2 of the M5, which is less than 3 miles away. Although the leisure park is within walking distance of Dudley town centre, it is also well-served by various bus routes, improving connectivity between the town centre and the park.

Castlegate Leisure Park is Dudley's premier leisure destination, featuring a wide range of national restaurant chains such as Chiquito, Nando's, and Pizza Hut. The park is anchored by a 14-screen Showcase Cinema, which is the only cinema in Dudley.

Additionally, the presence of Bowlplex further boosts foot traffic, solidifying Castlegate as Dudley's leading leisure hub.

Description

The restaurant unit comprises a modern purpose-built ground floor restaurant unit with large open terrace to the front and immediately adjacent to the cinema, and car park entrance. Castlegate Leisure Park benefits from a total of 760 shared surface car parking spaces.

Tenure Comments

The property is available by way of a new lease for a term of 10+ years.

EPC

The property has a rating of C (68). A copy of the EPC can be made available upon request.

Service Charge Information

The service charge for the year ending 31st December 2025 is £12,780.55 pa.

Planning

The property benefits from A3 planning consent and, under emerging legislation, comes under the new E Use Class which combines the former A1, A2, A3 and D1 use classes).

There is potential for alternative uses, subject to planning and landlord's consent.

VAT

VAT is applicable at the prevailing rate.

Brochures

Castlegate Leisure Park, Dudley, West Midlands, DY1 4TA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tipton Station1.0 miles
  • Dudley Port Station1.1 miles
  • Coseley Station2.1 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

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