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Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe...

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Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract. *In legals recent lettings to: Open A1 including food Availability subject to asset management
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Page 1: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract. *In legals

recent lettings to:

Open A1 including foodAvailability subject to asset management

Page 2: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

Open A1 including foodAvailability subject to asset management

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

Grand JunctionRetail Park

Grand Junction Retail Park

Vernon Way Retail Park

Tesco

Open A1 including foodAvailability subject to asset management

Page 3: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

ACORN Affluence & Lifestage Categories

North West20 minutes10 minutes UK

Affluent Achievers Rising Prosperity Comfortable Communities Financially Stretched Urban Adversity

Lavi

shLi

fest

yles

0%

2%

0%0%

0% 0%1%

4%

1%5%

3%6%

3%8%

3%5%

4%

12%

8%10

%8%

6%4%

3%

4%3%

4%4%

1%0%

2%2%

7%7% 7%

6%

7%7%

5%7%

16%

8%10

%

9%

7%8%

5%

7%5%

3%

4%

6%

5% 5%

5%

10%

7%

6%5%

6%

1%1%

4%

6%

8%

10%

12%

14%

16%

18%

20%

Exec

utiv

eW

ealt

h

Mat

ure

Mon

ey

Cit

ySo

phis

tica

tes

Car

eer

Clim

bers

Cou

ntry

side

Com

mun

itie

s

Succ

essf

ulSu

burb

s

Stea

dyN

eigh

bour

hood

s

Com

fort

abl

Sen

iors

Star

ting

Out

Stud

ent

Lif

e

Mod

est

Mea

ns

Stri

ving

Fam

ilies

Poor

erPe

nsio

ners

You

ngH

ards

hip

Stru

gglin

gEs

tate

s

Dif

ficu

ltC

ircu

mst

ance

s

14%

11%

5%12

%11

%10

%

12%

18%

325

0

13,759

4,939

9,044

1,815

0

0

3,605

464

6,007

1,025

4,696

1,504

5,830

4,077

4,840

2,242

2,520

1,285

384

380

5,450

2,471

3,754

1,954

5,383

1,816

6,013

5,497

3,392

3,010

2,083

1,61810 minutes

20 minutes

TotalHouseholds

Retail ProvisionOut of Town

1. Grand Junction Retail Park

2. Vernon Way Retail Park

3. B&Q Unit

4. Congleton Retail Park

5. Wharton Retail Park

Catchment

10 minutes (80,439)

20 minutes (177,810)

Open A1 including foodAvailability subject to asset management

Page 4: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

£100£300£500£700£900

£1,100£1,300£1,500£1,700

Convenience Comparison Leisure Goods Leisure Services

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

Potential & Confirmed Residential Development Including Expenditure Uplift

*Outline plans submitted/granted and the scheme is in pre-tender stage.**Planning permission has been granted and developers have either started on site or been awarded the contract for development.

POTENTIAL CONFIRMED

Residential Development Locations

Household Units Count – Possibly Coming On-Line*

Potential Increase in Total Consumer Retail Expenditure

Potential Increase in Clothing & Footwear Consumer Retail Expenditure

Household Units Count – Confirmed Developments**

Potential Increase in Total Consumer Retail Expenditure

Potential Increase in Clothing & Footwear Consumer Retail Expenditure

Crewe 2,606 £39m £7m 771 £12m £2m

Nantwich 1,103 £17m £3m 997 £15m £3m

Winsford n/a n/a n/a 401 £6m £1m

Congleton 501 £8m £1m n/a n/a n/a

Middlewich 451 £7m £1m n/a n/a n/a

Total 4,661 £71m £12m 2,169 £33m £6m

Average Spend Compared to North West & UK Averages

2016 Household Spend 2016 Personal Spend

Convenience Comparison Leisure Goods Leisure Services

£0

£100

£200

£300

£400

£500

£600

£700

North West

UK

Open A1 including foodAvailability subject to asset management

Page 5: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

48,100 48,22651,072

0

10,000

15,000

5,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

70,000

LastWeek ‘18

ThisWeek ‘17

Wee

kly

Veh

icle

s

ThisWeek ‘18

Retail ParkYear-on-Year

-1.6%

WeeklyChange

-0.3%

YearlyChange

-5.8%1.2%

Retail ParkWeek-on-Week

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

2016 2017 2018

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

01 03 05 07 09 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51

Wee

kly

Veh

icle

s

Calendar Week

Weekly Number of Vehicles

22,000 vehicles a day pass along Earle Street, Crewe – Dept of Transport data 2014

Annual Performance

Open A1 including foodAvailability subject to asset management

Page 6: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

1

0

10

5

40

Household Goods Personal GoodsClothing & Footwear

35

30

25

20

15

16

17

5

22

9

Turn

over

(£m

)

Trading Gap Current Turnover

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

0

1,000

1,200

Res

iden

t Sp

end*

(£m

)

FortKinnaird,

Edinburgh

1,400

1,600

1,800

200

400

600

800

Broughton,Chester

RushdenLakes

GrandJunction,Crewe

MonksCross,York

WestwoodCross,

Broadstairs

ParcTrostre,Llanelli

ParcLlandudno

Trading Gap Across Key Sectors

The chart above shows the Trading Gap opportunity – a realistic estimate of potential turnover growth that can be achieved in key Merchandise Groups*.

Large Market Size – Comparative Hybrid Retail Parks

Open A1 including foodAvailability subject to asset management

* Merchandising Groups: Clothing and Footwear, Household and Personal Goods.

The chart above shows resident spend within a 30 minute drive time on key Merchandising Groups* across the retail park landscape.

Page 7: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

LA

UR

AA

SH

LE

Y

QUEEN STREET

EARL

E ST

REET

EARLE

STREE

T (A53

2)

GRAND JCN W

AY

To Let4,250 sq ft

PRO

POSE

D U

NIT

S

Open A1 including foodAvailability subject to asset management

To L

et6,

500

sq ft

Exch

ange

d

Page 8: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

This image is published for convenience of identification only and although believed to be correct its accuracy cannot be guaranteed and it is expressly excluded from any contract.

Open A1 including foodAvailability subject to asset management

Page 9: Open A1 including food - assets.savills.com › properties › GB...Grand Junction Retail Park Crewe December 201 Ref 142.003 GRAND JUNCTION RETAIL PARK CREWE CW1 2RP Open A1 including

Grand Junction Retail Park | Crewe | December 2018 | Ref: 15542.003

Location The Park is accessed via Earle Street (A532) and lies to the east of the town centre.

Scheme Size 231,516 sq ft

Planning Open A1 including food.

Car Parking Spaces 791

Occupiers Next, M&S, TK Maxx, Boots, Costa Coffee, Nando’s, Harveys, Bathstore, Home Bargains, Laura Ashley, Pets at Home, Carpetright, Shoe Zone, Currys/PC World, Halfords, Aldi, Sports Direct, KFC, Chiquito, Carphone Warehouse, Hobbycraft, Frankie & Benny’s, Bella Italia, Poundworld, Sofology, Magnet, River Island, Poundstretcher, Mountain Warehouse and Flooring Superstore.

Availability Subject to asset management.

Refurbishment UBS to shortly undertake a modernisation programme across the park to include removal of canopies and improve signage and traffic & pedestrian flow.

Contacts

GRAND JUNCTION RETAIL PARK CREWE CW1 2RP

Misrepresentation notice: Savills & Curson Sowerby Partners LLP and for the vendors/lessors of the property whose agents they are, give notice that:- 1) the particulars are set out as a general outline only for the guidance of intending purchasers/lessees and do not constitute, nor constitute part of, an offer or contract; 2) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser/lessee should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them; 3) no person in the employment of Savills & Curson Sowerby Partners LLP has any authority to make or give any representations or warranty whatsoever in relation to this property or the particulars, nor enter into any contract relating to the property on behalf of Savills & Curson Sowerby Partners LLP nor any contract on behalf of the vendors/lessors; 4) no responsibility can be accepted for any expenses incurred by the intending purchasers/lessees in inspecting properties which have been sold/let or withdrawn; 5) descriptions of the property are subjective and are given in good faith as an opinion and not statement of fact; 6) plans and imagery may be digitally enhanced and are published for convenience of identification only; their accuracy cannot be guaranteed and they do not form part of any contract.Designed and produced by THE GROUP www.completelygroup.com

Johnny RowlandT: 020 7409 8721E: [email protected]

Charlie McIntoshT: 020 7199 2974E: [email protected]


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