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Unit 35 Atria Watford, Watford, WD17 2UB
Use Class
E
Size
2,676 sq ft
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 & 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:-
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.
Terms & 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.
Vat
References to price, premium or rent are deemed to be exclusive of value added tax unless expressly stated otherwise and any offer received will be deemed to be exclusive of VAT.
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
Sustainability
Energy Performance Certificate
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.
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