SURVPROP, Manchester

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SURVPROP, Manchester

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Brochure

The Arcade, Dewsbury, West Yorkshire, WF13

NEAREST STATIONS

National Rail

Dewsbury Station

0.19 miles

National Rail

Batley Station

1.24 miles

National Rail

Ravensthorpe Station

1.6 miles

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About the owner: Kirklees Council / The Arcade Group Dewsbury

ABOUT THE LANDLORD AND THE PROJECT The Arcade is a community-led regeneration project in the heart of Dewsbury town centre, bringing a Grade II listed Victorian shopping arcade back into active use and creating genuinely affordable commercial opportunities for independent businesses. THE ARCADE GROUP DEWSBURY LTD The building is held on a long lease from Kirklees Council by The Arcade Group Dewsbury Ltd, a registered community benefit society (Society No. RS008816). The Group was formed from a local steering group established in October 2020 with the specific aim of securing a long-term future for The Arcade and creating a vibrant destination for independent retailers, creative businesses, artists, makers, therapists and other local entrepreneurs. Following the submission of a detailed business plan, the Group was selected by Kirklees Council as preferred bidder for the lease in January 2022. On reopening, The Arcade will operate as the first community-run shopping arcade in the country. COMMUNITY OWNERSHIP The project has been developed with substantial community involvement. In November 2023 the Group completed a successful community share offer, attracting approximately 200 shareholder members and raising £125,000 towards the start-up phase of the business. Members elect the Board annually each September on a one-member, one-vote basis and determine the Group's strategy, with members and volunteers actively involved in the projects, events and policies of the organisation. The Group is made up of people with business experience drawn from Dewsbury and the surrounding area, and its stated purpose is to create an Arcade that will not close again, act as a springboard for young entrepreneurs, work alongside other Dewsbury projects and keep money circulating within the local economy. FUNDING AND PARTNERSHIPS The restoration has been made possible by a £4.5m National Lottery Heritage Fund grant to Kirklees Council, with the Group working in partnership with the Council throughout. The project has also been supported by the Architectural Heritage Fund, Co-operatives UK and the West Yorkshire Combined Authority. The Arcade is the first completed project within Kirklees Council's ten-year, £80m Dewsbury Blueprint investment programme for the town centre, which also includes the redevelopment of Dewsbury Market into a new covered market and food hall, new green space and public realm improvements. A DIFFERENT KIND OF LANDLORD The Group's approach is deliberately different from a conventional commercial landlord. Rents are set to cover the costs of running the building rather than to maximise profit, and the letting strategy is built around helping independent occupiers to establish and trade successfully. Occupiers benefit from: - Affordable rents and flexible lease terms suited to new and growing businesses - A collaborative, co-operative tenant community rather than a purely transactional landlord relationship - Shared facilities across three floors, including a dedicated events room available for tenants to hire - A rolling programme of events designed to draw footfall into the building - Collective marketing and promotion, including features on the Arcade website, mailouts to a growing customer database and exposure across the Arcade's social media channels - An active on-site management team The Group operates a published Tenant Recruitment Policy and is seeking independent occupiers offering goods and services worth making a special trip for. Applications are considered by the Board against that policy, and certain uses, including takeaways, vape shops and nail bars, are not sought. LETTING AGENT SURVPROP is a local commercial property consultancy advising developers, investors and occupiers across the whole commercial property lifecycle, from acquisition and letting through to asset management. SURVPROP and its lettings brand, Mill & Foundry, have been appointed to market and let the available space at The Arcade on behalf of The Arcade Group Dewsbury Ltd. All enquiries, viewing requests, unit schedules, floor plans and application forms should be directed to the agent in the first instance. Any letting is subject to contract, satisfactory references and identification checks, approval of the proposed use, and the final approval of the Landlord's Board.

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