Cushman & Wakefield

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Contacts

  • Alex Foulkes

    • T: 01132337327 (Office)
  • Spencer Wilson

    • T: 0117 910 5271 (Direct)
    • T: 07736 010220 (Mobile)

6 Crispin Centre, Somerset

Street, Somerset, BA16 0HP

6 Crispin Centre, Somerset - Picture 1

Size

20,725 sq ft, (1,925 sq m)

Location

Street has a shopper population of 85,868 (CACI 2014) and a catchment population of 164,005 (Experian 2015). The town is situated in Somerset, approximately 24 miles south of Bristol, 7 miles south-west of Wells and 2 miles south-west of Glastonbury.

The subject property is located within the Crispin Centre, adjacent to the Southside car park providing 198 spaces, of which 82 spaces are demised to Unit 6 and available to shoppers free of charge, whilst the remainder are available on a pay and display basis.

Immediately opposite the Crispin Centre is the UK’s first ever outlet centre, Clarks Village with 90 designer and high street stores, 9 catering units and 1,400 parking spaces. In terms of outlet centres, Clarks Village is ranked 7th in the UK by comparison expenditure (CACI 2014) ahead of Swindon, Bridgend and Gloucester Quays.

Tenure

Leasehold Units are available on new effectively full repairing and insuring leases for a term of 10 years, subject to five yearly upward only rent reviews. The service charge budget for the year to December 2015 is approximately £1.25 psf.

Accommodation

The ground floor is capable of sub-division providing stores from 3,000 to 16,000 sq ft. Floor plans are available upon request.

  • Areassq ftsq m
  • Ground floor20,7251,925.35
  • First Floor4,015372.99
  • Total Size24,7402,298.34

Rates

  • Rateable Value: £287,500
  • UBR: 0.00p/£
  • Rates Payable: £141,738

We are verbally informed that the premises are assessed as above. We would recommend that interested parties make their own enquiries via the Local Rating Authority.

Costs

Each party to be responsible for their own legal costs

incurred in this transaction.