Unit 12 Prt FF Unit 11, Weavers Wharf Retail Park, Kidderminster, West Midlands, DY10 1AA
Size
11,105 - 24,186
Lease length
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EPC
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Parking
420
- Price per
- POA
- Primary use
- Out of town retail
- Other use(s)
- Restaurant, Shop
- Frontage
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Key features
- *Heavy footfall retail park*
- *Positive mix of uses*
- *At level parking in front of units*
Description
Kidderminster is a popular market town located approximately 15 miles northwest of Worcester City Centre and 17 miles southwest of Birmingham City Centre. Supporting a population of approximately 55,000, a catchment of 79,000 within a 10 minute drive and 460,000 within a 30 minute drive. M Weavers Wharf provides a strong retail and food & beverage offering. Being centrally located, vehicular access is good in this location, with ample parking facilities for customers opposite, and easy access for delivery drivers / riders, providing access to the main ring road and residential areas beyond.
Description
M Weavers Wharf is an edge of centre hybrid scheme, offering an alternative prime pitch for the town, and a pedestrian link to the high street and the adjacent Tesco Superstore.
There are approximately 420 on site customer car spaces plus 546 on the adjoining Tesco's site. Premier Inn is also on the site. This hotel is in a Grade II-listed former weaving mill. The subject unit offers an excellent opportunity to trade over 24,000 sq ft of leisure space within the prime scheme in the town.
Existing occupiers include Caffè Nero, Greggs, KFC, B&M, Clintons, Savers, New Look, TK Maxx, Holland & Barrett, JD Sports, Boots, Sports Direct, Max Spielmann, Next, Marks & Spencer, Pizza Hut, McDonald's, Costa Coffee, Card Factory, Grape Tree, TH Baker, Wackyplayland and Premier Inn.
Tenure Comments
The accommodation is available by way of new fully repairing and insuring lease on terms to be agreed.
EPC
A copy of the EPC is available upon request.
Service Charge Information
There is an annual service charge of circa £53,000 + VAT which includes refuse collection.
Insurance
There is an annual insurance charge of £8,322 + 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 to be responsible for their own legal costs.
- Let type
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- Let contract length
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- Status
- Available
- Service charge
- £53,000
- Business rates
- £95,030
- 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
Unit 12 Prt FF Unit 11, Weavers Wharf Retail Park, Kidderminster, West Midlands, DY10 1AA
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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