lutonretail park lu1 3jh - completely property · 2018-01-26 · lu1 3jh. misrepresentation act...

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165,620 sq ft retail park with 691 parking spaces LUTON RETAIL PARK LU1 3JH KITCHENS NEW LETTINGS TO KITCHENS

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Page 1: LUTONRETAIL PARK LU1 3JH - Completely Property · 2018-01-26 · LU1 3JH. MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of

165,620 sq ft retail park with 691 parking spaces

LUTONRETAIL PARK LU1 3JH

K I T C H E N SNEW LETTINGS TO

K I T C H E N S

Page 2: LUTONRETAIL PARK LU1 3JH - Completely Property · 2018-01-26 · LU1 3JH. MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of

M1

M1

M1

M1

M1

Junction 11

Junction 10

Junction 10a

LUTON

LUTONRETAIL PARK

LUTONRETAIL PARK

LUTONRETAIL PARK LU1 3JH

Page 3: LUTONRETAIL PARK LU1 3JH - Completely Property · 2018-01-26 · LU1 3JH. MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of

A505 GIPSY LANE

RE

LOC

ATI

ON

Q3

2018

TO LET6,422 sq ft

KIT

CH

EN

S

COMPLETIONQ1 2018

SUBJECTTO PLANNING

AVAILABLEQ3 2018

Unit Tenant Area (sq ft)1a (Available Q3 2018) 8,7551b TO LET 6,4222 Argos 15,1533a Toys R Us 20,0003b Next 23,3504a Wren 12,3234b Poundland 12,536

Unit Tenant Area (sq ft)5 Pets at Home 10,6746a Halfords 7,6206b Tapi 7,4387a Food Warehouse exchanged subject to planning 10,0107b Wickes 26,939Starbucks (Completion Q1 2018) 1,800McDonald’s 2,600

Schedule of Areas

LUTONRETAIL PARK LU1 3JH

Page 4: LUTONRETAIL PARK LU1 3JH - Completely Property · 2018-01-26 · LU1 3JH. MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of

KEY DETAILS

• 165,620 sq ft retail park.

• Serves surrounding affluent towns of Hitchin, Harpenden, Redbourn and St Albans outskirts.

• Excellent tenant line-up: Next, Toys R Us, Argos, Wren, Poundland,Halfords, Pets at Home, Wickes, McDonald’s and Starbucks.

• Principal retail warehouse scheme in Luton.

• 691 parking spaces (1:240 sq ft).

• Open A1 retail consent other than sale of food or fashion.

CATCHMENT/DEMOGRAPHIC INFORMATION

• 490,000 catchment population within 20 minute drive time.

• Largest sector of the catchment population is Social Grade AB(28.23%), higher than GB average.

• Home ownership higher than GB average (72.15%).

• Above average representation in all high income groups over £50,000.

• Under represented in all lower income groups below £30,000.

• Over represented (higher than GB average) in Mosaic Groups, with goodlevels of disposal income (for example; New Homemakers, Alpha Territory,Suburban Mindsets, Careers and Kids and Professional Rewards).

SOURCE: EXPERIAN 2013

LUTONRETAIL PARK LU1 3JH

Page 5: LUTONRETAIL PARK LU1 3JH - Completely Property · 2018-01-26 · LU1 3JH. MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of

MISREPRESENTATION ACT Edgerley Simpson Howe and Wilkinson Williams for themselves and for the vendors of this property whose agents they are, give notice that:1. These particulars do not constitute, nor constitute any part of, an offer or a contract.2. All statements contained in these particulars as to this property are made without responsibility on the part of Edgerley Simpson Howe and Wilkinson Williams

or the vendors or lessors.3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.4. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.5. The vendors do not make or give and neither Edgerley Simpson Howe or Wilkinson Williams nor any person in their employment has an authority to give any

representation or warranty in relation to this property.January 2018. Alamo Design 01924 471114.

Tim Hornort: 020 7758 0403 e: [email protected]

Mark Phelpst: 020 7317 3773 e: [email protected]

Location Situated 0.5 miles to the south of Luton towncentre on the A505 (Gipsy Lane). Easilyaccessible from Junction 10 of the M1 via thedual carriageway A1081 (Airport Way).

Catchment PopulationLuton Retail Park is the dominant out of townscheme, which serves the surroundingaffluent catchment towns of Hitchin,Harpenden, Redbourn and the outlying areasof St Albans.

Scheme Size 165,620 sq ft, with 691 car park spaces.

Planning Consent Open A1 non food retail, with a limit on theamount of fashion.

Refurbishment The scheme has undergone a refurbishmentof the main terrace, with new elevations andentrance features. Further refurbishment isproposed for the remainder of the scheme,including the units available to let. New podunits for Starbucks and McDonald’s werebuilt in 2017 and the car park will beresurfaced during 2018. More detailedinformation can be provided upon application.

Availability Unit sizes of 6,422 sq ft and 8,755 sq ft areavailable with potential to combine to createcirca 15,200 sq ft. For further details andtimescales, please contact the letting agents.

SUMMARY

LUTONRETAIL PARK LU1 3JH

EPC Rating C