LOCATION

Coventry is the UK’s 12th biggest city, having two renowned universities, with Coventry and Warwick providing a combined student population of circa 60,000 students and 14,000 support staff.

Coventry is the City of Culture to May 2022 and is also a partnering host city for the Birmingham Commonwealth Games.

The city is to benefit further from a £500m redevelopment known as City Centre South. Based on 6.4 hectares the proposals include up to 1,300 new homes (3,000 city centre residents), 150 Hotel beds, 20,000 sq. m. of open public realm and additional retail and leisure facilities.

ACCOMMODATION

The unit comprises the following approximate area:

DESCRIPTION

Lower Precinct itself is a significant and highly strategic part of Coventry City Centre with major tenants including Next, New Look, Pandora, H&M and a new River Island of 13,000 sq ft.

This large store opportunity is positioned adjacent to the 40,000 sq ft New Look and is available either as a whole or as a potential sub-division.

The unit’s external frontage to Corporation Street provides an opportunity to join the focus of leisure venues in the vicinity including The Belgrade Theatre and

The Sky Dome, which hosts operators such as Odeon Cinema and Genting Casino. Other nearby leisure operators in the thriving Corporation Street area includes Rodizio Rico, Steak Out and Heavenly Desserts.

The shopping Centre has a multi storey car park offering in excess of 500 parking spaces.

LEASE

Tenure
The premises are to be offered by way of a new effectively full repairing and insuring lease for a term of 15 years.

Service Charge
A service charge will be payable which current equates to approximately £5 per sq ft per annum for the store in its existing configuration.

EPC
The Energy Performance Asset Rating of the premises currently falls within Category D. A copy of the Energy Performance Certificate can be made available upon request.

Rates
A new Rateable Value will be assessed dependent upon exact unit sub-division.

Legal Costs
Each party to be responsible for their own legal costs.