Unit 42, The Parade

Sutton Coldfield, B72 1PA

Unit 42, The Parade

Demographics

Annual Footfall

7.0 m

Demographics

65% of primary residents are affluent achievers. £544m total non-grocery spend. 529,000 shopper population.

Details

Location

Sutton Coldfield is an affluent town located 8 miles to the North East of central Birmingham.  The centre is approximately 550,000 sq ft with weekly footfall in excess of 130,000. The centre is anchored by Marks & Spencer, H&M and House of Fraser who have recently undertaken a major refurbishment.  Recent lettings in the scheme have included Tiger, Office, Swarovski, Lakeland and Fat Face.  The unit is located on The Parade between Boots and Marks & Spencer.

Description

Unit arranged over ground, first and basement floors.

Description

Gracechurch Centre dominates the town centre and provides the main retailing offer, with a comprehensive range of retail uses including young fashion, accessories, jewellery, technology and food.

Ownership

M&G Real Estate

Location

Sutton Coldfield is an affluent town located 8 miles to the North East of central Birmingham, boasting a principle catchment population of 703,000.

Anchor Tenants

House of Fraser, Lakeland, Topshop, JD, H&M

Number of Retail Units

90

Financial

Service Charge

£11,569 (2017).

Lease Term

The property is available by way of a new effetively FRI lease for a term to be agreed, subject to 5 yearly upward only rent reviews.

Rent

Rent is exclusive of rates, service charge and VAT.

Rates

Interested parties are advised to contact the local authority to confirm their liabilities and any transitional relief.

Costs

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

Use Class

A1

Sustainability

Energy Performance Certificate

66

Travel

Parking

890

Parking Spaces

890

Contact