First Floor Space Three Spires Quarter, Gresley Row, Lichfield, Staffordshire, WS13 6JF
Size
842 - 6,727
Lease length
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EPC
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Parking
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- Price per
- POA
- Primary use
- Restaurant
- Other use(s)
- Shopping centre, High street retail
No floor / site plan
Key features
- Everyman Cinema Exchanged
- Terms agreed with The Botanist on the rooftop terrace bar/restaurant
- Terms agreed with The Willow (Paragon Group) on Ground Floor Unit 3
- Two ground floor F&B units available (capable of being combined or taken separately to suit)
- Large first floor leisure/competitive socialising opportunity
- Highly affluent population
- First phase of the city centre regeneration initiative
Description
Lichfield is an affluent Cathedral City located 15 miles north east of Birmingham and 6 miles north west of Tamworth, and benefits from a district population of approximately 93,000. The Three Spires Shopping Centre is the prime trading location in the City Centre, with retail occupiers including Mountain Warehouse, The Entertainer, Tesco Express, Sea Salt and Holland & Barrett.
Three Spires Quarter is located at the top of Bakers Lane overlooking to mall with servicing off of Birmingham Road and the shopping centre service yard.
Description
Lichfield District Council and Evolve Estates have partnered on a joint venture to repurpose the former Debenhams unit at Three Spires shopping centre, further enhancing the city's leisure and entertainment offer. The development of a new cinema has long been on the agenda for Lichfield city centre, and this first phase of the council-led regeneration will create additional commercial and residential opportunities as part of the Birmingham Road site project.
The scheme will comprise 22,000 sq ft of prime restaurant and leisure space across 3 floors, including Everyman Cinema, a landmark Botanist rooftop
bar/restaurant and The Willow (GF Unit 3).
Tenure Comments
The accommodation is available by way of new fully repairing and insuring lease on terms to be agreed.
Service Charge Information
The service charge is estimated to run at approximately £3.50 psf. Further information available upon request.
VAT
VAT is applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Everyman Cinema Exchanged
Terms agreed with The Botanist on the rooftop terrace bar/restaurant
Terms agreed with The Willow (Paragon Group) on Ground Floor Unit 3
Two ground floor F&B units available (capable of being combined or taken separately to suit)
Large first floor leisure/competitive socialising opportunity
Highly affluent population
First phase of the city centre regeneration initiative
- Let type
- Ask agent
- Let contract length
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- Status
- Available
- Service charge
- £4
- Business rates
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- Use class
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
First Floor Space Three Spires Quarter, Gresley Row, Lichfield, Staffordshire, WS13 6JF
About Creative Retail, Birmingham
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.
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