LAND FOR SA

TO LET – PRIME RETAIL UNIT Extra, Gallows

Mall Unit 12 – Arena Shopping Park, CV6 6AS Corner, Romford, RM3 0LL

▪ Development land for sale

▪ Site extends to 0.98 acres / 0.39 hectares

▪ Residential potential (STPP)

▪ Vacant possession

newsteer.co.uk

- 1,296 SQ FT (120.40 SQ M) NIA

- Opposite Tesco Extra - High Footfall

- Fronting20 Farringdon EntranceStreet, EC4A of 4AB‘The Mall’ newsteer.co.uk

20 Farringdon Street, London, EC4A 4AB - Newsteer.co.uk

- LOCATION Arena Shopping Park is located in Coventry approximately 3 miles to the north of the city centre opposite the Arena. The subject retail unit is situated directly opposite a top performing Tesco Extra which attracts approximately 109,000 weekly and 5.7 million annual visitors. By car, the shopping park is accessed off the A444 and only 1.3 miles from Junction 3 of the M6 which provides efficient linkages to Coventry, , and . By train the shopping park is highly accessible, with its own railway station situated between the park and the Ricoh Arena, directly opposite. The station provides access to both Coventry and Nuneaton. There are also a number of bus routes which serve local areas such as Coventry, Bedworth, Nuneaton, Atherstone, Leicester and other parts of the city.

DESCRIPTION Arena Shopping Park comprises a 137,500 Sq Ft Tesco Extra together with approximately 155,000 Sq Ft of retail space. The park is split in to two distinct offerings; the retail park adjacent to the Tesco store which accommodates retailers such as M&S, Next and Boots; and the mall units directly opposite the Tesco store which comprise 22,500 Sq Ft and accommodate a number of national operators such as Nandos, Shoezone, Greggs and Card Factory. The subject unit sits at the entrance to ‘The Mall’ and is therefore passed by all visitors shopping at Tesco and ‘The Mall’.

ACCOMMODATION The subject retail unit comprises the following approximate floor area: Ground Floor 1,296 Sq Ft / (120.40 Sq M)

LEASE The premises are available by way of a new effective FRI lease, quoting rent is available upon application.

PLANNING A1

LEGAL COSTS Each party is to be responsible for their own legal costs incurred in the transaction.

BUSINESS RATES According to the Valuation Office Agency (VOA), the rateable value is currently £56,000.

SERVICE CHARGE The service charge within the mall is currently running at £5.65 per Sq Ft.

ENERGY PERFORMANCE CERTIFICATE Energy Performance Asset Rating of the premises currently falls within category C (69).

VIEWINGS For further information or to arrange a viewing, please contact:

DOM MOORE DAVID SLATTER +44 (0) 7769 650 190 +44 (0) 7778 149 218 [email protected] [email protected] OFFICE ADDRESS: 20 Farringdon Street, London. EC4A 4AB

Important Notice 1. This information is intended as a general outline only for the guidance of intending interests and does not constitute an offer or contract, or part of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct. Intending20 Farringdon interests should not,Street, however, London rely on them EC4A as 4AB statements or representations of fact but satisfy themselves by inspection or otherwisen asewsteer.co.uk to their correctness. 3. No person in the employment of Newsteer has any authority to make or give any representation or warranty whatsoever in relation to any of these properties. 4. Unless otherwise stated, prices or rents quoted are exclusive of VAT.

July 2020