Newcrest, one of the UK’s leading developers and investors in community and neighbourhood real estate, are in the process of developing this new neighbourhood centre following a pre-let to the Co-operative Food in respect of the anchor convenience store.
The new development incorporates a further three retail units from 800 sq ft to 1,000 sq ft, which could potentially be combined to provide a single unit of 2,600 sq ft. Ample car parking is to be provided on site for customers.
The new local centre will service the major new housing development, which is well advanced and being undertaken by David Wilson Homes and Barratt Homes, in addition to existing catchment to the east of Hucknall.
Location
The proposed new neighbourhood shopping centre is situated on Emperors Way, just off Papplewick Lane within a major new housing development, which lies on the north east side of Hucknall. Hucknall is located within the Greater Nottingham conurbation and is a key growth point, with a current population in the region of 32,000. Hucknall has good road, tram and rail links with Nottingham 6 miles to the south and via the M1 immediately to the west. The site also lies close to the premium commuter villages of Papplewick, Linby and Ravenshead.
Accommodation
Unit B - 1000 sq ft
Unit C - 800 sq ft
Unit D - 800 sq ft
Total - 2600 sq ft
Terms
Planning
Planning consent for A1 Retail, A2 Financial and Professional Services, A3 Restaurant and Cafes, A4 Drinking Establishments and A5 Hot Food Takeaways.
Business Rates
Business Rates will be assessed upon completion of the development.
Tenure
Each unit will be available by way of a new lease on terms to be agreed for a minimum term of 10 years.
Guide Rent
Each unit is available at a guide rent based upon £XXX per sq ft pa exclusive
Service Charge
An annual service charge will be levied for the scheme, further details available upon application.
Timings
The units are being offered on a pre-let basis, prior to practical completion of the development which is anticipated to be May 2017.
Legal Costs
Each party will be responsible for their own legal costs in connection with this transaction.
Specification
- Proposed new neighbourhood shopping centre
- Food store pre-let to The Co-operative
- Units from 800 to 2,600 sq ft
- Planning permission for retail uses within Classes A1 – A5
- Dedicated on site customer car parking
- Within a major new housing development
- Adjacent to Beardall Fields Primary School