Asset Type: Retail Warehouse
Matalan, Beaumont Way, Leicester
Matalan Retail Ltd
Leicester is the largest city and dominant economy of the East Midlands and is located approximately 102 miles north of London, 43 miles east of Birmingham and 28 miles south of Nottingham. The M1 Motorway runs to the west of the city and as such Leicester benefits from access to the M69 Motorway, connecting in turn to both the A5 and Junction 2 of the M6 Motorway leading to Birmingham. Leicester is served by a frequent direct rail service to London St Pancras with a fastest journey time of 1 hour and 9 minutes. East Midlands Airport is located approximately 20 miles to the north of Leicester. It offers regular flights to a number of domestic and international destinations globally.
The subject property comprises a modern (2002 built) purpose-built, stand alone retail warehouse unit with a surface tarmacadam car park to the front. The unit provides 37,804 sqft of accommodation over the ground floor with an additional 6,055 sqft Mezzanine at first floor which forms part of the tenant’s improvements. The unit has a dedicated loading bay and a self contained car park providing 141 car parking spaces, a parking ratio of 1:265 sqft. In addition the property enjoys rights over the adjacent Gala Bingo car park during daytime trading hours, significantly improving the parking provision. The property benefits from an Open A1 retail consent, including food and therefore will be suitable for a wide variety of uses. The lay out of the unit would lends itself to be split and sub-divided if the premises ever became vacant.