DescriptionThe Idlewells Shopping Centre comprises a substantial covered shopping centre of 13,937 sq m (150,025 sq ft)(1) of retail accommodation, currently arranged to provide 40 retail units (although capable of further subdivision), 3 kiosks, a cafe, a market hall and a multi storey car park providing approximately 250 vehicle spaces. The retail units trade at the ground floor level with some benefitting from first floor retail/ancillary accommodation.
Current tenants within the Idlewells Shopping Centre include JD Sports, B&M, Specsavers, Greggs, Scriven's, Boots, Superdrug, Vodafone, Holland & Barrett and Peacocks with 9 vacant units. Several lease renewals and new lettings are currently in progress with national retailers and a national gym operator respectively, full details are available within the legal pack. In addition to the retail units, income is also generated from a telephone mast, the car park and from commercialisation.
In addition, there is a significant void underneath the eastern side of the scheme with lower ground level street access, previously used as a car park. This space currently sits redundant and is capable being repurposed for alternative uses.
According to the tenancy schedule within the legal pack, as of the 21/11/2024 the estimated current Net Operating Income is £542,325.01 after deductions of the head rent together with various other non recoverable costs. The full tenancy schedule together with an estimated yearly Net Operating Income is available to view within the solicitor's legal pack.
(1) The floor areas stated above have been provided by the Seller.
