Leisure for rent

Unit 1, Park Avenue, Southwater

Total Gross Floor Area of approximately 5,650 sq ft (524.9 sq m) arranged over two floors

The premises already benefit from a high level of internal fitting

Located adjacent to the Telford Ice Rink and opposite Travelodge

The property benefits from a significant frontage onto Park Avenue

Unit 1, Park Avenue, Southwater, Telford, Shropshire TF3 4BF

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The property is located fronting onto Park Avenue and forms part of the hugely successful Southwater development which opened in 2014 is anchored by a multi-screen IMAX Cineworld cinema, Telford Ice Rink, Tenpin Bowling and Mecca Bingo and currently offers a wide range of food and drink including Pizza Express, Zizzi, Miller & Carter, Hungry Horse, Nandos, Coal Grill& Bar, Wildwood Kitchen, Costa and Travelodge. Southwater is conveniently located within walking distance to Telford Shopping Centre, one of the UK’s top 10 convention centre’s, Telford International Centre, and Telford Town Park – one of the UK’s largest urban parks, which has direct links into the UNESCO world Heritage site of Ironbridge. This area alone attracts in the region of 3.6 million visitors a year and rising. Significant investment and regeneration in recent years has seen Telford become the fastest growing town in the West Midlands. Located 35 miles west of Birmingham and 15 miles east of Shrewsbury in the West Midlands with excellent transport links. Birmingham city centre is approx. 40 minutes by car via the M54 motorway with regular rail services from the town centre. Southwater continues to benefit from inward investment the property is located opposite the 68 bed Travelodge and adjacent to Wildwood.
Local authority: Telford & Wrekin Council, Addenbrooke House, Ironmasters Way, Telford, TF3 4NT

Transportation

National rail

Telford Central 0.6m, Oakengates 1.4m, Shifnal 3.2m

Further information

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Planning class

A3

Secondary planning class

A3 and A4

Lease summary

The property is available on a new Full Repairing and Insuring Lease, subject to service charge provision, for a term to be agreed, at £70,000 per annum.

The service charge is levied at the following capped figures:
Service Charge £2.60 per sq ft for maintenance of external common areas.
Service Charge £1.50 per ft for maintenance of property structure.
Further details upon request from the letting agents.

Legal costs

Each party is to be responsible for their own legal costs incurred in the transaction.

VAT

It is understood that the property is elected for VAT. All figures in these particulars are quoted exclusive of VAT.

Media store

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Property marketed by:

Quote reference: RENT-38355

PRIME RESTAURANT/BAR OPPORTUNITY FORMING PART OF THE SOUGHT AFTER SOUTHWATER DEVELOPMENT ADJACENT TO TELFORD SHOPPING CENTRE

£70,000 per annum