The Walnuts, Orpington is Changing... Orpington
• Major town centre regeneration. In the year to September 2011, the most recent readily available • Well configured and affordable units. evidence, local unemployment was 6.9% compared to the London 400,000 SQ FT • True mixed use development regional average of 9.2% and a national average of 7.9%. of retail space
Orpington is an Outer London suburb located within the Borough The Orpington public library, opened in May 2011, reports an of Bromley. Orpington College, now part of Bromley College, has average of 8,500 visitors a week, nearly half a million visits a year. around 8,000 students, of whom about 5,000 are adult learners, 520 parking spaces including both full and part timers. The Walnuts Shopping Centre forms the primary retail circuit in the town, offering a variety of leisure facilities, a major supermarket and The Orpington demographic is heavily weighted towards an varied retail tenant mix. The Crown House development will further affluent family orientated catchment with 61% being classed in the enhance the retail offer and ensure better penetration into the already very strong catchment. When complete, the development 6,500,000 ABC1 urban area class grouping. footfall p.a. will cement the Walnuts position as an important mixed use destination in the Greater London area. The Catchment
The map shows Orpington’s Principal Non-Food catchment area, derived from 2,583 postcodes collected over a full trading week.
The Primary segment represents the home location of 50% of A205 Orpington shoppers. The Secondary segment represents the A2 home locations of the next 25% of Orpington shoppers and the Tertiary segment a further 15%.
• The total resident population within the Principal 417k M20 catchment area is • The Primary segment has a resident population of 59k • The Secondary segment, extending strongly to the South and West, has a resident population of 52k
M26 Orpington College students 8,000 located on site
M25
Of residents are Family Lifestage 33% 8% above GB average The Shopper
ABOVE GB 115 AVERAGE The graph highlights the relationship between average • Average Household income is 9% above the 110 resident household income and retail expenditure on GB average, rising to 11% above in the Food and Non-Grocery. 105 Secondary segment.
NEUTRAL 100 • Similarly, Non-Grocery spend is 7% above While income provides a good indication of catchment the GB average. 95 affluence, it tells only a partial story about the • Food spend is 5% above GB, rising to 7% 90 propensity for retail spending. above in the Secondary. BELOW GB 85 AVERAGE NON-GROCERY SPEND FOOD SPEND
HOUSEHOLD INCOME (GB AVERAGE 100) NON-GROCERY SPEND (GB AVERAGE 100) FOOD SPEND (GB AVERAGE 100)
PRIMARY 108 PRIMARY 105 PRIMARY 104 SECONDARY 111 SECONDARY 108 SECONDARY 107 TERTIARY 109 TERTIARY 107 TERTIARY 106 TOTAL 109 TOTAL 107 TOTAL 105 ORPINGTON 38,328 ORPINGTON 9,528 ORPINGTON 5,095 GB 35,157 GB 8,921 GB 4,851
Location with 16 minute Over GB average Trading gap of 57 million pounds M25 access to central London 9% household income 57M 45% of which is from existing shoppers
Of catchment within the Are either wealthy achievers Proposed leisure development will significantly 61% wealthiest SEG profile 68% or comfortably off CORE improve penetration to core catchment areas Availability
Unit GF Sq ft Ancillary Sq ft Lych Gate Road U11 1,291 309
U15 616 248
U37 1,168 N/A
Walnuts Leisure Centre U53-59 Up to 5,750 N/A
U79-81 1,990 N/A Car Park 520 Spaces U20-22 2,515 234
U12 1,112 N/A
Under Development Card U16 1,158 N/A
Factory 37 Scotts Kitchen
Shoe Zone U8 591 651
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C a South Eastern sub-regional town. Development Site 15 25,000 sq ft Save the Children Love Coffee 50,000 sq ft Julian Graves of New Retail • Proposed new mixed use development R2 16 11 to be anchored by Odeon. Herbal W 79/81 orld R1 12 Data News • Average weekly footfall over 125,000. Claires Offices Francis Chappell 8 • Established business centre and expanding college The Fragrance Shop population Orpington is situated inside the M25, within 22 miles of Central London.
KC’s ime For Flowers A T Iceland Cafe & Restaurant ough
The Harvest Moon ollen Mill Rymans Card Factory W
JD Sports Lloyds
Cash Generators The Edinbo r Bank
High Street For further information, plans and quoting rents/terms please contact the sole letting agents:
Will Thomas Dominic Brady Alex Karonias Tim Hance +44 (0)20 7317 3717 +44 (0)20 7317 3726 +44 (0)20 7317 3722 +44 (0)20 7016 5344 [email protected] [email protected] [email protected] [email protected]
www.thewalnutsshoppingcentre.com
Misrepresentation Act These particulars do not constitute part of an offer or contract. They are intended as a guide to prospective purchasers or lessees. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser or lessees should satisfy themselves as to the correctness. Neither the agents or the vendors or the lessees are to be or become under any liability or claim i respect of these particulars. These particulars are supplied on the understanding that all negotiations are concluded through this office.