Appointed as joint agent by Eagle Developments Ltd to market three brand new retail units in the Hampton residential district of the city, Barker Storey Matthews advises that not only are the units available to let but they are also being offered on the basis of the sale of 999-year leases - in effect a ‘virtual freehold.'
The new-build retail units are on Eagle Way and range in size from 119.29 sqm (1,284 sq ft), 119.47 sq m (1,286 sq ft) and 124.42 sq m (1,350 sq ft). Each of the three units is being offered with three car park spaces. All are constructed to shell condition with services connected and capped, ready for fit out by the new occupier.
The units have planning consent for uses within A1 (retail), A2 (financial services) and B1a (offices). Consideration will also be given to other use classes but the agent advises there is a restriction against the sale of hot food.
Situated in the heart of the new settlement of Hampton, Eagle Way is close to Serpentine Green shopping centre and within walking distance of Hampton College and Hampton Vale Primary Schools. By car, there are over 5,000 homes within a five minute drive of Eagle Way.
Julian Welch, Director, Barker Storey Matthews, believes the opportunity to acquire a ‘virtual freehold' of a retail unit in this popular residential area will appeal to local owner occupiers.
"This is a rare opportunity in commercial property terms. New build retail units in a rapidly expanding urban neighbourhood district, close to amenities, with established footfall and offered on such lease terms are not available often.
"From a property professional's point of view, it's a great instruction on which to be appointed", he said.
For more information about the retail units at Eagle Way, Hampton, contact Julian Welch at Barker Storey Matthews' Peterborough office, tel 01733 897722, firstname.lastname@example.org or see bsm.uk.com/property/retail-property-hampton/16296.