Delamare Place, Crewe, Cheshire
The property occupies a prominent position in the town centre of Crewe and is adjacent to the main bus station. It measures approximately 97,313 sq ft. The anchor tenant is British Home Stores (BHS) and other tenants include Abbey National, Thomas Cook and JD Weatherspoon
The property is a significant part of Crewe's town centre shopping facility. It is laid out in an open "L" shape configuration, fronting two pedestrianised streets.
There are 32 retail units of which 4 are currently vacant. Over 44% of the income is secured for more than 10 years. The BHS lease which expires in 2058 accounts for 30% of total income.
The adjacent bus station was acquired in May 2005 and a planning application has been submitted to the Crewe local authority for consent to develop:
- 42,000 m2 of retail (448,500 sq ft)
- 9,400 m2 of offices (101,000 sq ft)
- 12,000 m2 of residential (139,800 sq ft)
- 840 new car parking spaces
Construction is expected to commence in 2006/2007.
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