Leicester.

Abbey Retail ParkSt Margarets Way

Map View

Status.

Sold on 23/01/2024

Service Charge.

A comprehensive service charge is operated at the property. The budget is consolidated annually (year ending 30th June 2024) and apportioned on a floor area basis. The latest budget is £69,708 pa. Halfords benefit from a service charge cap. The current . landlord shortfall is £649.68 pa

EPC.

A full Energy Performance Certificate is available upon request.

Legal Costs.

Each party is to be responsible for their own legal costs incurred in this transaction.

Location.

Leicester is the principal commercial centre in Leicestershire and lies on the River Soar, at the edge of the National Forest. The city is widely known as ‘The Gateway to the Midlands’.

Leicester benefits from excellent road communications, being just 45 miles (72km) from Birmingham (M69 & M6), and 27 miles (43km) south of Nottingham (M1). London is directly accessed via the M1, with an approximate journey time of only 2 hours and 30 minutes. 

The City’s mainline railway station provides regular high speed train services to London St Pancras with a journey time of approximately 1 hour 10 minutes. Services to Birmingham New Street Station run frequently with a journey time of 55 minutes.

East Midlands Airport lies approximately 20 miles (32km) to the north-west of the city and facilitates 20 million passenger journeys a year as well as being an important cargo facility.  Birmingham International Airport, one of the largest in the UK, is located some 37 miles (60km) south east of Leicester.

Description.

The scheme comprises three well configured, modern retail warehousing units fronting St. Margaret’s Way. Carpetright and The Range form a semi-detached terrace to the eastern side of the site while Halford occupy a stand alone unit to the west. Both buildings are dissected by a road from St Margaret’s Way, which provides access to a shared service yard and 200 customer car parking spaces (1:269 sq ft). Within the freehold title, there is an overflow car park, accessed from Wolsey Street.

The site extends to 3.5 acres (3.21 acres on the main site and 0.27 acres on the Wolsey Street Car Park). The site density is 35%.

Rent.

812868.32

Availability.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

David Freeman.

Partner | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

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abrdn

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The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

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DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

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