Unit 28, The Parade

Sutton Coldfield, B72 1PA

Unit 28, The Parade

Demographics

Demographics

Sutton Coldfield has a total resident population of 294,500 within a 20 minute contour. The centre is approx 553,000 sq ft and benefits from footfall in excess of 150,000 per week. 50% of primary segment residents are ACORN Wealthy Achievers, 97% above UK average.

Annual Footfall

7.0 m

Details

Location

Sutton Coldfield is an affluent town located 8 miles to the north east of Birmingham. The centre is approximately 550,000 sq ft with weekly footfall in excess of 130,000. The centre is anchored by Marks & Spencer, House of Fraser and H&M. Recent lettings in the scheme have included Tiger, Office, Swarovski, Lakeland and Fat Face. The unit is in a prominent position facing onto The Parade adjacent to Marks and Spencer.

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, Topshop, BHS, Marks & Spencer, New Look

Number of Retail Units

90

Financial

Rates

Interested parties are advised to make their own enquiries to the Local Authority to confirm this information.

Service Charge

£7,011 (2016).

Lease Term

The premises are available by way of a new effectively FRI lease for a term to be agreed, subject to 5 yearly upward only rent reviews.

Costs

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

Rent

Rent is exclusive of rates, service charge and VAT.

Use Class

A1

Travel

Parking

970

Parking Spaces

970