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Unit 1, West Orchards Shopping Centre, Smithford Way, Coventry, West Midlands, CV1 1QX

POA
Creative Retail, Birmingham
SIZE AVAILABLE

2,325 sq ft

216 sq m

SECTOR

Retail property shopping centre to lease

Lease details

Lease available date:
Ask agent

Key features

  • **PRIME SHOP TO LET**
  • **Coventry City Centre**

Description

Location

West Orchards comprises a covered shopping centre constructed on six levels with retail accommodation on the ground, first and second floors. The scheme is centred around a central atrium with entry on the ground floor via Smithford Way and Ironmonger Row. On the first floor, access is provided via Orchard Link. The scheme benefits from one of the city's busiest multi-storey car parks with 563 spaces over three floors which have direct access from Corporation Street.

The City is experiencing significant development buoyed by the success of Coventry University and major developments including Friargate, Cathedral Lanes and the City Centre South regeneration scheme.


Description

The subject property occupies a prime position on the entrance way into West Orchard's Shopping Centre where neighbouring occupiers are Iceland, One Beyond, Vision Express, M&S, Warren James, BHF and Bonmarche.

Tenure Comments

The premises are available by way of a new effective full repairing and insuring lease for a term of years to be agreed.

EPC

A copy of the EPC is available upon request.

Service Charge Information

There is an annual service charge of circa £28,904 + VAT.

Insurance

There is an annual insurance charge of circa £2,109 + VAT

Planning

We understand the unit benefits from E Class planning use. Interested parties are advised to make their own enquiries.

VAT

VAT is applicable.

Legal Costs

Each party will be responsible for covering their own legal costs incurred in the transaction.

Brochures

Unit 1, West Orchards Shopping Centre, Smithford Way, Coventry, West Midlands, CV1 1QX

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Coventry Station0.6 miles
  • Canley Station1.6 miles
  • Coventry Arena Station2.7 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

These notes are private, only you can see them.

Disclaimer - Property reference 399LH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Creative Retail, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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