Nuneaton - The Abbeygate Shopping Centre
High Yielding, Freehold, Shopping Centre Investment
Nuneaton is a popular, historic 13th century market town, situated in North Warwickshire on the eastern edge of its boundary with the West Midlands conurbation. Forming part of the Borough of Nuneaton & Bedworth the town is the largest in Warwickshire and has a borough population of 126,319 persons.
The town is strategically located, 10 miles (16km) north of Coventry, 20 miles (32km) south-west of Leicester and 20 miles (32km) east of Birmingham. London is situated approximately 100 miles (161km) to the south.
The subject property occupies prominent position at the corner junction of Harefield Road and Abbey Road. It is conveniently located just 0.3 miles (0.5km) from Nuneaton Train Station and it is on the main thoroughfare between the station and the rest of the town centre. The entrance fronting onto Harefield Road is directly opposite Nuneaton’s busy bus station, which generates strong footfall throughout the day.
Nuneaton has a very successful market held on Wednesdays and Saturdays. The market stalls are located all throughout the town centre including the Abbey Street where the subject property is located.
The Abbeygate Shopping Centre was originally an open scheme which was refurbished in 1991 when a glass atrium roof was fitted. All retail units trade at ground floor level, some having first floor ancillary storage. Also at first floor level is a 62 space tenant only car park and service yard accessed to the rear of Argos store from a service ramp in Corporation Street.
Heron House (The office accommodation) is located at second and third floor levels with a secure ground floor lobby and lift area accessed directly off Abbey Street, between Card Factory and TUI.
Current Rent PAX
£5,000,000 (Subject to Contract and exclusive of VAT )
MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.