Retail

The Grove Centre

Location:
Witham, Essex
Size:
98,800 sqft / 9,180 sqm
GM Role:
Asset Manager
Leasing Agents:
Savills
Key Facts:

The Grove Shopping Centre is located in Witham, Essex, a thriving market town situated between Chelmsford, Colchester and Braintree which benefits from excellent connections via road to the A12, Stansted Airport via the A120 and has a direct train service into London Liverpool Street with the journey time of 45 minutes.

Witham has a town population of c25,000 people, a secondary catchment of c30,000 within a 10 minute drive time and a total retail catchment of c200,000. Annual footfall is approximately 2 million visitors.

The modern scheme comprises of 24 units and is anchored by a 40,000 sqft (3,700 sqm) Tesco, both of which benefit from a free 369 space surface level car park which links directly to the centre.

Following purchase in January 2016 we have completed 3 lease renewals with a further 2 in solicitors hands.

Progress opportunities to introduce F&B with outside seating onto the mall.

Oversee improvements to upgrade the signage, entrances and general aesthetics of the centre.

Redevelopment opportunities being considered to create additional floorspace for relocation/reconfiguration and new tenants.

Key Tenants:

Poundland, Costa, Specsavers, Store 21, M&Co, Superdrug

Additional Information:

Visit website at www.groveshopping.co.uk