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Retail property shopping centre to lease

Unit 1 The Arcade, Magna Square, Leicester Road, Wigston, Leicestershire, LE18 1NR

£1,458 pcm
£17,500 pa

Business rates & charges may apply

Creative Retail, Birmingham
SIZE

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SECTOR

Retail property shopping centre to lease

Lease details

Lease available date:
Ask agent

Key features

  • **SHOP TO LET**

Description

Location

Wigston is situated 5 miles to the South of Leicester and has a population of approximately 33,000. Magna Square is located in the heart of the town centre adjacent to the towns car parks. The scheme has access from both Leicester Road and the car parking areas making it one of the main pedestrian routes in the town.

Description

The subject property is located in Magna Square a busy shopping parade in the heart of Wigston Magna and anchored by B&M. The subject property is located on the entrance to the parade from Leicester Road and is ready for immediate occupation.

Accommodation Text

The premises comprises of the following approximate floor area:

Ground Floor: 1,169 sq ft (108.60 sq m)

Tenure Comments

The accommodation is available by way of new fully repairing and insuring lease on terms to be agreed.

EPC

D99. A copy of the EPC is available upon request.

Service Charge Information

There is an annual variable service charge of £2,514 + VAT

Insurance

There is an annual variable insurance charge of £300 + VAT

Planning

We understand that the property has consent for Use Class E. It is the ingoing tenant's responsibility to ensure that their proposed use is acceptable to the Local Planning Authority.

VAT

VAT is applicable.

Legal Costs

Each party to be responsible for their own legal costs.

Security

Deposit equivalent to 3 months rent plus VAT to be held by the Landlord for the duration of the lease.

Viewings

Strictly by appointment with the Joint Retained Agents.

Energy Performance Certificates

EPC Certificate

Brochures

Unit 1 The Arcade, Magna Square, Leicester Road, Wigston, Leicestershire, LE18 1NR

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • South Wigston Station1.2 miles
  • Leicester Station3.2 miles
  • Narborough Station4.3 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 478LH. 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.

Map data ©OpenStreetMap contributors.

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