STRAND SHOPPING CENTRE STRAND STREET, DOUGLAS ISLE OF MAN IM1 2ER

Transcription

1 ON THE INSTRUCTION OF STRAND SHOPPING CENTRE STRAND STREET, DOUGLAS ISLE OF MAN IM1 2ER PRIME RETAIL UNITS TO LET

2 THE ISLE OF MAN M2 CARLISLE The Isle of Man is a self-governing Crown Dependency with a population of some 85,000 people and a diversified economy based on banking, insurance, shipping, advanced engineering and ICT. The Island is also an international centre for e-gaming, with companies such as Microgaming and PokerStars headquartered in Douglas. M1 Northern Ireland BELFAST Isle Of Man United Kingdom M6 KENDAL The nearest competing shopping centres are a journey away in Liverpool or Manchester so, in retail terms, the resident population comprises a captive audience. HOUSEHOLD SPENDING HIGHER THAN UK AVERAGE The Island has a well balanced economy, rated Aa1 by Moody s. With a GDP of over 4bn, it has a higher income per capita than the EU average. GDP per capita as a percentage of the UK GVA per capita is 212% for 2013/14. Unemployment stands at only 1% of the working population. M1 M2 Republic of Ireland Irish Sea STRAND SHOPPING CENTRE STRAND STREET, DOUGLAS ISLE OF MAN IM1 2ER M58 M65 MANCHESTER Average Weekly Expenditure All Households in 2013 was versus in the UK. M50 DUBLIN LIVERPOOL CHESTER M6 Isle Of Man Douglas Isle of Man Airport

3 VACANT PRIME TRADING POSITION The Strand Centre is prominently located in the pedestrianised centre of Douglas, the Island s capital. Douglas is the Island s principal retail and commercial destination and provides the only multiple shop destination on the Island. The Centre is anchored by Sports Direct, and USC. Other retailers nearby include a 74,000 sq ft Marks and Spencer, Boots, Next, Topshop, New Look, WH Smith, Dealz, Holland & Barrett, River Island, Monsoon, TK Maxx, Superdrug and Mountain Warehouse. The area is well served by public transport and benefits from being in close proximity to the main shoppers car park, which situated to the rear of the Centre. Free car parking is also available on the promenade. The Isle of Man Government have recently completed a regeneration scheme on the Strand Street with new paving, lighting and seating.

4 UNIT 2 (LOWER GROUND FLOOR) ACCOMMODATION Staircase 3 Stock Room m² SF Female Disabled Change Units 2 and 4 will provide open plan retail accommodation in a modern and refurbished shopping centre. tric Sub Station Shaft VACANT UNIT m² SF Staircase 4 Refuse Store The units will be provided to a shell specification, ready to receive a tenant s fit out. The property is served by a lift and escalator. Staircase 2 LIFT FLANNELS m² SF Escape Lobby In Please contact us to obtain more detailed floor plans and CAD files. screen Staircase 1 Unit 2 Unit 4 Warren James m² SF CARD FACTORY m² SF Mall m² SF Stock Room m² Retail sales 6,283 sq ft 3,052 sq ft Storage N/A 821 sq ft Stock Room m² SF UNIT 4 (UPPER GROUND FLOOR) Mall RENT Unit 2 150,000 per annum exclusive. Staircase 3 PEACOCKS m² SF Mall Mall m² SF Disabled Changing Unit 4 90,000 per annum exclusive. Shaft Female Dis WC Baby Public Toilets LIFT SPORTS DIRECT GROUND FLOOR SALESFLOOR m² SF Staircase 2 Lobby Store VACANT UNIT m² SF Sports Direct Staircase 1 Lobby Stock Room m² SF

5 RATES Rates in the Isle of Man are significantly lower than in the UK. The rates payable for the retail premises are estimated to be in the region of 2.50 psf pa (subject to formal assessment upon completion). Interested parties are advised to make their own investigations with Treasury and Douglas Borough Council. TERMS The property is available on a new lease on effective full repairing and insuring terms, for a term of years to be agreed, with rent reviews every 5th year. CONTACTS Rhys Williams - T: rhys@mcmullenwilson.com 1 Manchester Square, London, W1U 1AB Thomas Chapman - T: trc@chapman.im 30 Athol Street, Douglas, Isle of Man, IM1 1JB Disclaimer: All premises are offered subject to contract and availability. These particulars are issued without responsibility on the part of the vendor or lessor and any of their respective employees or agents and serve only as an introductory guide to the premises. No part of them constitutes a term of contract or representation upon which any reliance can be placed. Any party with an actual or prospective interest in the premises must satisfy themselves as to any matter concerning the premises by inspection, independent advice or otherwise. Neither the agents, nor any of their employees have any authority to make or give any representation or warranty as to the premises whether in these particulars or otherwise. Unless otherwise stated all prices and rates are quoted exclusive of value added tax (VAT). Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT concerning any transaction. October 2017 Produced by Barbican Studio: +44(0)