Unit 35 Atria Watford, Watford, WD17 2UB

£ 130,000 pa / 2,676 sq ft
Unit 35, Atria Watford, Watford - Picture 2024-08-23-15-16-20
Use Class

Use Class

E

Size

Size

2,676 sq ft

Rent pa

Rent pa

£130,000

Description

Available immediately

Atria Watford is located in the heart of Watford town centre. Totalling 1.4 million sq ft – comprised of over 180 shops, kiosks, cafes and restaurants, the centre attracts well- heeled shoppers from the affluent Home Counties with 83% categorised as ABC1.

The scheme boasts a varied mix of anchor retailers such as M&S, Zara, Apple, Next, Primark, TK Maxx and Boots. Atria is an established leisure destination with a wide selection of leading leisure brands such as Hollywood Bowl, Cineworld, Yo! Sushi, Boom Battle Bar, and Puttshack.

The subject unit is located in an extremely busy section of the lower mall, sitting directly adjacent to TK Maxx and Three, and opposite established occupiers such as Marks & Spencer, JD and L’Occitane.

Key Information

Further Infomation

Terms and conditions

Insurance - The estimated annual insurance premium for 2024 is £899 pa. Lunson Mitchenall are obliged to verify the identity of proposed tenants once a letting has been agreed. An AML form will need to be completed by proposed tenants once Heads of Terms have been agreed.

Accommodation

2,676 Sq.Ft

The unit provides the following approximate Gross internal floor areas:-

Areas
Sq.Ft
Sq.M
Ground Floor GIA
2,676
248.61

Financial

Lease Type

New Lease

Lease Term

The unit is available by way of a new 10 year lease subject to five yearly upward only rent reviews to 80% of market rent. The rent payable will be the greater of the Base Rent or a percentage of gross turnover excluding VAT. The lease will include provisions for a service charge making it effectively full repairing and insuring.

Rent

Base Rent offers are sought in the region of £130,000 per annum exclusive of service charge, insurance, rates and VAT, payable quarterly in advance.

Costs

Each party is to be responsible for their own legal costs.

Service charge

The estimated annual service charge for 2024 is £34,206.

Business Rates

Rates Payable 2023/24: £60,000 (based on RV estimate of £118k) – please check with your own consultants / local authority as this is a new unit to be revalued).

Rates

Rateable Year:
2024
Rateable Value:
£118,000.00
Rates payable:
£60,000.00

Sustainability

Energy Performance Certificate

B
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Energy Performance Certificate Information

The current EPC Rating for the unit is B. A certificate is available on request.

This unit is part of Atria Watford

Atria Watford

Atria Watford is located at the heart of the Town Centre, the shopping centre comprises 1.4 million sq.ft of 166 retail, 26 cafe, bars & restaurant accommodation and a 9 screen Cineworld. The scheme attracts shoppers from the affluent Home Counties with 83% categorised as ABC1. It includes 166, stores. Key retailers include, M&S, Zara, H&M, Apple, Next, Primark. Fashion operations include Mango, Superdry, Boss, Flannels, Phase Eight, Hollister, Uniqlo. Recent new openings include: Moss, Footlocker, Lids and Trespass. The extension has broadened the leisure offer with a 9 screen Cinewold IMAX, Rock Up, Hollywood Bowl, The Florist, Cote, Yo! Sushi, TGI’s, Puttshack, Boom Battle Bar and Beech House.

Lunson MitchenallBrasier Freeth

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 23/08/2024