Department Store To Let ROCHDALE5754780.pdf · sw.co.uk Misrepresentation Act 1967: Messrs...
Transcript of Department Store To Let ROCHDALE5754780.pdf · sw.co.uk Misrepresentation Act 1967: Messrs...
sw.co.uk
BIRMINGHAM | BRISTOL | EXETER | LEEDS | LONDON | MANCHESTER | NEWCASTLE | TEESSIDE | YORK
Department Store
To Let
• Fully fitted department
store
• Prime location in town
centre
• Approximately 4,598 sq m
(49,497 sq ft)
• May sub divide to provide
from 1,625 sq m (17,488
sq ft)
• 58 year lease for
assignment or
• New sub lease available
for a term to be agreed
ROCHDALE
Lord Square and
9-12 Market Way
The Exchange
Shopping Centre
OL16 1ED
sw.co.uk
Location Floor Areas
Rochdale RiversideDescription Tenure
The property comprises two separate parts. One is the
former Pioneer House which is planned on basement,
lower ground, upper ground, first and second floors with
the first and second floors being located at car park
level with direct access to it.
The lower and upper ground floors are a modern
extension linking the store into the Rochdale Exchange
Shopping Centre and effectively form the majority of the
principal sales areas of the department store.
In addition there is a basement level loading bay.
The Store benefits from three entrances the principal
one being located in the prime shopping area of Lord
Square which opens onto Yorkshire Street.
This is nearby to B&M, Marks & Spencer, JD Sports,
The Wheatsheaf Centre etc.
The upper ground floor sales area has a double
entrance into the main mall of the Exchange Shopping
Centre nearby to Boots, Poundland, Clarks, River Island
WH Smith etc.
The top floor also has a direct access onto the main
deck of the Exchange Car Park which provides
approximately 850 spaces.
The Lords Square entrance is only a short distance
from the location of the new 200,000 sq ft Rochdale
Riverside Development.
Development is due to start in 2017 and this will provide
new stores for M&S (50,000 sq ft) and Next (20,000 sq
ft).
There is to be a further 125,000 sq ft of retail space
along with a new library and transport interchange.
In addition Reel are taking a 6 screen cinema and there
will be a further 30,000 sq ft of leisure space provided.
The premises are held on two coterminous FRI Leases
due to expire in December 2075. The leases are subject
to 5 yearly upward only rent reviews.
The December 2016 rent reviews are outstanding and
more details are available upon request. The combined
passing rent is currently £258,480 per annum exclusive.
Our clients are inviting proposals for an assignment of
their leasehold interests. Alternatively consideration
may be given to a sub lease for a term to be Agreed.
The property provides the following approximate
combined areas:
In addition there is a loading bay at basement level
which comprises approximately 2,496 sq ft (234 sq m).
LEEDS RETAIL AGENCY | LORD SQUARE AND 9-12 MARKET WAY | THE EXCHANGE SHOPPING CENTRE | ROCHDALE | OL16 1ED
Floor Square
Feet
Square
MetersLower Ground Floor 14,886 sq ft (1,383 sq m)Upper Ground Floor 20,360 sq ft (1,891 sq m)Basement 3,575 sq ft (333 sq m)First Floor 5,338 sq ft (496 sq m)Second Floor 5,338 sq ft (496 sq m)TOTAL GIA 49,497 sq ft (4,598 sq m)
sw.co.uk
To be the new 200,000 sq ftRochdale Riverside Centre
LEEDS RETAIL AGENCY | LORD SQUARE AND 9-12 MARKET WAY | THE EXCHANGE SHOPPING CENTRE | ROCHDALE | OL16 1ED
sw.co.uk
Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the
vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These
particulars do not constitute any part of an offer or contract; 2) None of the statements
contained in these particulars as to the properties are to be relied on as statements of
representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or
otherwise as to the correctness of each of the statements contained in these particulars; 4)
The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall
LLP nor any person in their employment has any authority to make or give any
representation or warranty whatsoever in relation to this property; 5) None of the building’s
services or service installations (whether these be the specific responsibility of the
freeholder, lessor or lessee) have been tested and are not warranted to be in working order.
Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT.
Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from
Misleading Marketing Regulations 2008; Every reasonable effort has been made by
Sanderson Weatherall to ensure accuracy and to check the facts contained in these
particulars are complete. Interested parties are strongly advised to take appropriate steps to
verify by independent inspection or enquiry all information for themselves and to take
appropriate professional advice.
Sanderson Weatherall LLP Registered in England company number OC 344 770
Registered Office 25 Wellington Street Leeds LS1 4WG
Potential Split Further information and Contact Details
Rating Assessment
Subject to Landlords consent and planning our clients
may consider a sub division of the property into two
units as shown adjacent. Potentially theses could
provide the following:
Unit One (Fronting Lord Square)
Lower Ground Floor: 1,239 sq m (13,913 sq ft)
Basement: 332 sq m ( 3,575 sq ft)
Unit Two (Fronting Market Way)
Upper Ground Floor: 1,770 sq m (19,059 sq ft)
First Floor: 496 sq m ( 5,338 sq ft)
Second Floor: 496 sq m ( 5,338 sq ft)
For any further details or information please contact the
sole agents Sanderson Weatherall.
Contact: Peter Heron
Tel No: 0113 221 6140
Mobile: 07843 634 158
Email: [email protected]
Web: www.sw.co.uk
Rateable Value (2017) is £238,000
Interested parties are advised to make their own
enquiries with the Local Authority.
EPC
The property has an EPC rating of C 68. A full copy of
the Energy Performance Certificate is available upon
request.
VAT
VAT is applicable at the prevailing rateJanuary 2017
LEEDS RETAIL AGENCY | LORD SQUARE AND 9-12 MARKET WAY | THE EXCHANGE SHOPPING CENTRE | ROCHDALE | OL16 1ED