Prime Freehold Retail Investment
Portsmouth 186 –188 Commercial Road PO11EX
Portsmouth
186 –188 Commercial Road PO1 1EX Prime Freehold Retail Investment
Executive Summary ■■ 100% prime location opposite the entrance to Cascades Shopping Centre
to London, 100 miles to the north. Gatwick airport is 70 miles by car. Commercial ferries provide regular services to France, Spain and the Isle of Wight.
■■ Lease expiry – 19th November 2016 (8 years unexpired)
Situation
■■ Excellent covenant – Wallis Retail Properties Ltd guaranteed by Redcastle Ltd (D&B 5A1)
The property is well located in 100% prime pitch: the section of Commercial Road between Arundel Street and Crasswell Street. Retailers here include Marks & Spencer, Boots, H&M, Primark and Woolworths. The main entrance to the Cascades Shopping Centre is directly opposite the property. Debenhams are located further south on Commercial Road and Bhs are located to the rear of the Cascades Shopping Centre. Tesco have a large store along with a 900 space multi-storey car park behind the subject property.
■■ Reversionary – Current rent £160,000 reflects £183 ITZA (Feb 2007 review). ERV is £175,000 reflecting £200 ITZA ■■ Potential for further uplift from uppers which devalue at £1.66 psf ■■ Freehold ■■ Well configured shop ■■ Major city centre location with low unemployment
Description
■■ Asking price – £2,521,000 reflecting 6% net initial yield and 6.45% equivalent
The property is a late 20th century mid-terrace building comprising a well configured shop trading at ground floor only. There is a three bed flat over first and second floors with separate access from the rear which is currently used by the shop tenant as storage. Servicing is from the rear, off Paradise Street.
Location
Tenure
Portsmouth is a major commercial and naval port located on the south coast of England. The urban population is approximately 187,000. The city is currently positioned 76th in Javelin Group UK retail rankings. Main employers include the VT Group Naval Dockyards, IBM European HQ, Zurich and the passenger ferry services to France, Spain and Isle of Wight. Unemployment is lower than the national average and currently stands at 1.6% compared to 2.2% nationally.
Freehold
■■ Potential opening of John Lewis anchored Northern Quarter will strengthen city and this pitch
Portsmouth benefits from excellent communications. The city has frequent rail services to London Waterloo and London Victoria with shortest travel times of 1hr 32 mins and 2 hours respectively. It is well served by the road network: the M27 links the city to Southampton, Southampton Airport and the M3, 20 miles to the west; the A27 links the city to Brighton, 50 miles to the east. The A3 (M) runs north from Portsmouth and provides a direct link
Tenancy The property is occupied by Wallis Retail Properties Ltd on assignment from Sears Clothing Ltd (now known as AG Clothing Ltd). Sears took a lease for a term of 20 years from 20th November 1996 expiring 19th November 2016 i.e. Eight years unexpired. Sears Clothing Ltd assigned the lease on 23rd October 2003 to Wallis Retail Properties Ltd who are guaranteed by Redcastle Ltd. Current rent is £160,000 which was settled at the 1st February 2007 rent review. The lease is Full Repairing and Insuring. Rent reviews are five yearly, the next being 1st February 2012.
100% prime location opposite the entrance to Cascades Shopping Centre
Areas
Retail plan showing proposed Northern Quarter Development – for indicative purposes only
We understand from the vendors that the property provides the following accommodation. Ground Floor Itza*
et
tre ws
John Lewis
Ne
2
25 4
2
207 - 211
-2 52
25 0
24 8D
24 8C
ST OR E
T
EE
ES
DIS
RA
LA BONN E BAGU ETTE BAKER
PA
OGG Y OGG Y PASTY CO T/A
T-SHIRT PRINT TSHIRT &PRINTG
TIMP SHOESON REP
TR
■■ 2,300 parking spaces
■■ a four-star 150-bed hotel TESC
SUPE RMAR
O
&
& EN T
T
15 4
BUCK
INGHAM
STREE
NATIO NAL CA R PA MULTI R -STOR (903) (ACTU EY AL) OVER
T
ENTR ANCE
ENT
15 2
ENT
GOOD S
CLOSED
41
42 - 45
50 - 52
43 - 45
54
PR BRIDA ONUPTIA CLOTHL WEAR & ING HIR E ENTR ANCE
36 - 40
BANK
34
HIGHBU PORTS RY COLLEG MO E EDUCAT UTH IONAL ESTABL ISHMEN T
EN D O
N PLA 39
CLAR
37 -
RANSTA D
35
EMP AGY
33
CO-OP
32
LADBRO BETTIN KES G OFF ICE VACANT OUTLE T
31
VACA NT OU TLET
30
TROT TERS REST AURA NT
29
28
BUCKI NGHAM
CE
EHOL D ENTR ANCE
27
WORK SHOP TOYS & GA MES
BHF
25
GAME S
26
CHAR SH
GAME STATIO N COMP GAM E
24
23
ENTR ANCE
T LOWER
CHU R
T
TREE
21
HOUS
WILK INSON
ON S
19
U-NEE D-US NOVE LTY GO ODS VACA NT OU TLET
20 - 22
17
EET
FURN &
YA P T
18
DAMA CLOT RT HING
OPTIC EXPRESAL OPTICIA S N
16
SUPE RDRU G HEALT H & BE AUTY
12 - 14
VAC
15
ENT
13
BRIGH THOU ELEC SE /GAS APPS
11 -
JESSO PHOTOPS GOOD S REGE NCY AMUS LEI EMEN SURE TS YMC CHAR A SH L C TO YS TOYS & GA MES VAC
VACA NT OU TLET CLAR KS SHOE S
OFFI EMPLCE AN AGEN OYM GELS CY ENT
9
ARUN DEL STR
BON MARC HE LADIE S WE AR
OORS )
5
Northern Quarter – a new shopping centre is proposed for central Portsmouth. It is to be located at the north end of Commercial Road comprising 900,000 sq ft to include:
■■ 200 residential apartments
STO
15 0
ORE
3
Future retail development in Portsmouth
NCP (74) (ACTUAL)
CH EM IS T
-1
15 6
24 6
24 0
23 4-
-2 18
13
O O R S)
16 0
43 -1 13 7
35
-1 12 9
DEB ENH A MS
1 ON LY)
500 sq ft
■■ a 130,000 sq ft Marks and Spencer store and 80 shops
21 6
11
8
(PED ESTR IANS
Second floor
22
NL Y)
02 22
-2 24
FL
TH E
700 sq ft
23 2
22 8
-1 89
ET AIL
TS
9
15 8
RE T
lR oa d
205A
205 -
cia
er
24 2
24 4
Co
m
m
SU SA BW ND AY W IC H BA 20 R 1
19 9
19 7
23 8
19 5
23 6
19 3
19 1
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1
18
O
17 9
(P ED ES TR IA NS
21 4
-2 12 20 8
R
NE S
62
18 6
203
G&S JEWELLER
EDEN STR EET
FAGINS CAFE & ICE CREAM PARLOUR
VACANT OUTL ET
LADIES WEAR
SIMPLY LEATHER LEATHER GOODS
RT VIEW LANDPO
MK ONE
-1 77
17 5
73 3 16
-2 04
oa d
19 4
lR cia
-1 92 19 0
m m er
14 9
-1 47
(2
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W A LA LL IS D IE S W N EW EA R LO LA O D K IE S VA W CA EA (2 N R
Co
14 5
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S
C A LA L CCE IRE AC S S CE SO SS RIE
TE LE P
-1 51
BANK
BO O
treet
14
12 7
12 1-
EN T
12 2
0 12
BC
ARMS HOUS E
ABB
HS
re
NAT WES T BANK
BENJ SAND YS WIC H BA GREG R BAKE GS R
116 - 11 8
105
QUICKS ILVER AMUSEM ENTS
well S
nt
PO FA RT S M CH HIO AID GL ELT NS BA OU EN L/W NK CE HA R ST M ER &
11 5
142
13 4- 13 2 130
105A
E SHIR YORK CIETY SO ING AN BUILD PORTM G BUILDIN Y SOCIET
Crass
Q AIL U SH BE FL O O OR ES W S) H NE SM W IT S H R ET AG T AIL EN T LA OP FL & (2 DIE SH BO O O R O ET S W P RS OK TH S AIL E ) E A TE C FL R LE AR O O PR PH PH R O S) O SH ICE NE NE L O W S ES ES AR S EH R EP O U U SE BL LA IC D IE S & BU M EN & RT S O TO W N EA M (2 PM EN R R A ET N S W AIL M EA FL EN R O SW O E R S) AR
(3 RE TAIL FL
105B
BA
5C 10
+ LE
ER
(2
DEPA RTME NT ST
10 5 T D
W ER HA IN JE INT E C D PO EV TO M D AU R RE HO FIL TE BU K P ICES NK
G
AR K
113
11 1
BA NK
(PE DE ST RIA NS ON LY )
BA RC LAYS
10 7
4
TH
LLO YD S TS B BAN K L/W M R & IRAG CU M/W E RR HO R YS. ME DIG EN TE ITAL RTA INM EN T
IAL R OAD
NT S
R LE ASH E EL C NG
RO UX
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ER NE 51 J E ST W J EL ON CL LE E IN R S TO CA N RD CA S R DS & G IF H TS SA M JE U W EL EL LE R
AC
PA
EN WAT T ER STO NE S
10 9
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CO RA BE L TO FF EN TR AN CE ELE BEA MEN TS UTY SA LO CO N RAL BETT ING OFF ICE
2-
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CE LIAN AL
ng
SP EN C
RE
S)
-1 88
T TE MO TH L BIL E O E SH RA TE OP NG E L
2 O H
CE O NE SS S L AC OR TH CE IZE C OR SS O N NF TO & NS BIS
22
ST O
O R
First floor
■■ a 230,000 sq ft John Lewis department store (on Commercial Road)
14 6
119
SA L
RC UTS HA IR
NA ILS
JUST
BE AU
SU PE
T EE
OU SAF TD OO AR RW I EAR
C
E OY DS NO 1
43
TR AF AL GAR
NT HOUSE AIN ST R
D O & PT A IC KIN PH IA N TE ONE GS LE PH S 4 U WE ON LL ES
117
AC UP HERB UN S NA TU CTUR & R TH E PY
42
6
IC KL
pi
TY
FL O
W LA AR O R DIE E JW OD M H IS S OU 52 LR IA S (2 LA S & WE SE AR R DIE EL ET F AIL S W RID E G 57 FLO AR E O RS )
CO
14 4
H B AW T AZ K G OY AA INS AM S R ES & `H M ` /W R
VAC
HEAL
LO C N E AM D P XC E ON G HO HA RA D TO N S G E
G
N TH TH FOOD E PO MP SP EY OR SH TS OP GO OD S
46
8
1
op
23
RE TA IL
E JE SS W EN ELL TI A ER L
53
P SE INE CH
41
44
BO OKS
TAXI
3
(2
54
Sh
TR M AV SO EL N A
2,389 sq ft
* Area agreed at last review
E
24
AL IF AX
BA N K
VA OU CA TL NT ET TH O
ST RE
47
A EIL E T SH LOV RIS FLO
40
48
W CLO ITHIT TH IN G
M LIN ME RS G SH ER O IE E SH ZO O NE ES
EN
D
55
es
H
&
TO KE BE S T OFF
C
56
ad
H & CL M O RE TH TA IN IL G FL O O RS )
PR IM TH IN
SU
F/F
39
45
O LW O RT TY HS ST O RE
AN N
AR KS
VA RIE
SS (ACCE
S ED ES TR HO X S BO ER Y N ER IO N AT IO ST AT ST
47
W O
VA RIE
NT VACA ET OUTL TLET OU NT VACA
49
38
CL O
ACK S SH WEAR MACK OOR OUTD
UY
23
21 -
EET
sc
25 MOSS M/WR (2 RETAIL FLOORS)
(2
25
27
29
37
2
4-6
) ONLY
GE SP NT OR TS SP W OR OR TS LD GO OD M S OT HE CH RC IL AR DR NU E EN H RS O S M ER W E G EA Y H STY GO R TR OIN O & OD R O G LE AV G P J O W D HO EL LA S M MIC EW BIN EN S LL EN C EL SO & A H GE ES EA AN S HA LE N W EL R NT D LT EA S & H V R IR FO BA R G RR O (2 EC IN D E TT RE OR ME VO TA DIN GA TE DA IL G S LE FO FL S TO P B N RE O S RIT HO E O RS ST USS ISH NES ) AT E B G IO X S OO A NE TA K CO ME SH T R IO M O & PU BO NE PS JD TE O RS KS R SP SP G O O AM RT RT BR S ES EN OO S K T GO TO STR O EM E R DS P ET AG L IVE Y M ADIE R EN S IS S & LAN W D O EA 2 R TE LE PH O NE S TO BE NATIO NWIDE (2 RE TAIL FLOOR S)
19
ST R
Ca
GOLDSMITHS JEWELLER
THE BODY SHOP HEALTH & BEAUTY
AIR
G
R WE
M
26
W A JE RR W EN EL J LE AM R ES
TO N I&
B RE
SOLETRADER
ENVY
SHOES
TRAVEL AGENT
THOMAS COOK
SHOES
PORTSMOUTH F.C
GAME COMPUTER GAMES
FAITH
27
ST R
H BUTC MR HER BUTC
2
VACANT OUTLET
SHOES
BARRATTS
28
TTE
ENTRANCE
1
3
4
5 29
30
MENS WEAR
CARDS & GIFTS
CLINTON CARDS
BAY TRADING COMPANY
OPTICIAN
LADIES WEAR
VISION EXPRESS
EARLY LEARNING CENTRE TOYS & GAMES
VACANT
7
8
9
10
R LO
31 -
BYS ROSE S SOFT ISHING FURN
CH A
EET 39
8
10
18
G LIN FIL THE ION T/A STAT
tte Stre et
STREET MARKET
31
12 -
NT VACA ET TL OU
ed Cha rlo
MR HOUS CHEAP EHOL GOOD D S
LA
6
4 EN T
BA BA KE KE RS LA OV EN DB R T RO
F
Realign
TOBY STREET
SPECS AVERS OPTIC IANS OPTIC IAN
Y) ONL
WS NE ON NT LC GE FA SA W NE
S
E
ES (BUS
K
CA
D CA
RGOS EXT RA CATALO GUE SHO WROOM
FIC OF
Marks &OACH PR Spencer AP
Ground Floor total
863 sq ft Itza
■■ 72,000 sq ft of leisure facilities ■■ Proposed opening 2012 John Lewis will provide a considerable boost to the retailing in the town, increasing shopper numbers substantially and drawing further from the wealthy surrounding catchment. Javelin estimate that following the opening of the Northern Quarter, the city will rise from 76th place to be ranked 27th in the UK’s town centre retail hierarchy. Given the scale of this development, and its proximity to the subject property, prospects for rental growth here are good. here are good.
VAT The property has been elected for VAT and therefore any sale will be treated as a transfer of a going concern.
20
SA N
24 4
24 2
19 9
24 0
19 7
23 8
19 5
23 6
19 3
23 4-
19 1
23 2
-2 24
22 8
-1 89
02 22
22
NL Y)
-2 18
ST OR E
21 6
T
EE
DIS
RA
LA BO NNE BAGU ETTE BAKER
OGGY OGGY PAST T/A Y CO
T-SHIR PRINT T TSHIRT &PRINT G
PA
The property is located in 100% prime pitch. The rental tone here has been £183 ITZA for some time and this has largely been due to the scarcity of open market lettings to prove any higher rental level. Only three open market lettings have taken place in the last four years. The pitch is now overdue for rental growth. The latest letting supports this: Nationwide recently took a new lease on 208-212 Commercial Road SUPE RMAR at a rent equating to £208.50 ITZA.
16 0
STO
15 8 15 6
15 4
Rental commentary
TESC O
-1
62
ES
TR
20 8
-2 12
17 5
21 4
-1 77
(P ED ES TR IA NS
17 9
O
18
Co m
13
O O R S)
&
We are therefore of the view that this property has an ERV of £200 NATIO NAL CA R to PAR £175,000 pa. ITZA equating MULT I-STO
& EN T
INGHA
M S TR
EET
ENTR ANCE
ENT
15 2
15 0
8
ENT
14
Terms
RE (903) (ACTU Y AL) OVER
We are instructed to seek offers for the freehold interest in excess of £2,521,000 (Two million five hundred and twenty one thousand pounds) subject to contract. A purchase at this level reflects a net initial yield of 6.00%, an equivalent yield of 6.45%, and a reversionary yield of 6.56%, after allowing for purchasers’ costs at 5.7625%.
OOD S
FICE
Julian Norbury jpn@cwm.co.uk Telephone: 020 7758 9884
U RCH
PATH
50 - 52
EMP AGY
RANS TAD
EN D O CLA R CLOSE D
HIGHBU PORT RY COLLEG SMOU E TH EDUC ATIONA L ESTA BLISHM ENT
16 Old Bond Street, London W1S 4PS Telephone: 020 7493 5655 Facsimile: 020 7493 5665
John Miles jhm@cwm.co.uk Telephone: 020 7758 9882
41 Misrepresentation Act: 43 - 45 CWM & Partners LLP for themselves and for the vendors/lessors of the property whose agents they are, give notice that: 54 T 1. hese particulars are set out as a general outline for the guidance of the intended purchasers or lessees, and do not constitute part of, an offer or contract; 2. A ll descriptions, dimensions, reference to condition and necessary permissions for the use and occupation, and other details are given without responsibility and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 3. N o person in the employment of CWM & Partners LLP has any authority to make or give any representations or warranty in relation to these properties.
RK S TRE ET
POST OF
Contacts:
N PLA 42 - 4 5
T
PO
ET
TROTT ERS REST AURAN T
36 - 40
ING
CWM LondonHAM
ENTR ANCE
AMES WORK SHOP TOYS & GA MES
34
37 39
BANK
32
35
CO-O P
30
33
VACA NT O UTLE T
28
31
LADB ROKE BETT S ING OF FICE VACA NT OU TLET
29
B UCK
CE
HOUS E ENTR ANCE
27
PR BRID ONUPTIA AL CLOTH WEAR & ING HI RE
T R EE
26
Further Information
ENTR ANCE
ON S
24
HOLD G
N INSO WILK 20 - 22
25
CHAR
18
23
EET
GAM E ST ATIO N COMP GAM E
OPTIC EXPR AL OPTI ESS CIAN
16
21
BHF
12 - 14
19
U-NEE D-US NOVE LTY G OOD S VACA NT O UTLE T G
ARUN DEL STR
17
VAC
15
ENT
11 13
JESS O PHOTOPS GOO DS REGEN CY AMU SEME LEISURE NTS YMC CHA A R SH LC YS TOYTO S&G AMES VAC
VACA NT O UTLET
9
CLAR KS SHO ES
OFF EMP ICE AN AGE LOYM GELS NCY ENT
5
DAM CLOTH ART ING
FLOO RS)
3
BON MAR CHE LAD IES W EAR
EN T
ORE
1
L OW E R CH
THE SURR E PUBLI Y ARMS C HO USE
Y ST R E
FL
The guarantors, Redcastle Ltd, are classified by Dun & Bradstreet as 5A1. For year ending 31st August 2006 they reported a turnover of NCP (74) (ACTUAL) £256,330,000; shareholders funds of £334,488,000; and profits after tax of £7,820,000.
CH EM IS T
SH BRIG FURN & ELE HTHOUSE C/GAS APPS
130
12 2
0
WOO LWIC
1-7
SURRE
L
TH E
11
B UC K
YA P T
12 BAN K
CLO SED
14
103
101
116 - 11 8
105
COM MER CIAL ROA D
105A
BC
ET AI
TS
9
RE TA Q U IL SH BE FL O O O ES RS W ) H
WES T
BEN JYS SAN DW ICH GRE BAR GGS BAK ER
HS
R
N ES
SUPE RDRUG HEAL TH & BEAU TY
-1
105B
Y
K
W A LA LL IS D IE S W N EW EA R LO LA O D K IE S VA W CA EA (2 NT R
Wallis Retail Properties Ltd is part of Arcadia Group Ltd and is a well known high street brand owned by Philip Green. Dun & Bradstreet list their tangible net worth at £4.065m and net assets at £3.466m. The D&B rating is 2A2.
14 4
42
DEB ENH A MS
32
5C 10
BAN
MAN DING CIETY
VER
NAT
3 TE LE PH O
m
14 9
-1 47
14 5
43 -1
12 9
12 1-
(PE DES TRIA NS ON LY)
(3 RE TAIL
IRE ETY
BO O
(2
19 2
-1 51
10 9
10 7
BA RC LAY SB AN K
73
re
treet
NE SM W IT S H R ET AG EN TO AI T LA P L F S (2 DI H LO & B O R ES OP O ET W RS OK TH S AI E ) E L AR C TE FL LE AR O O PH PH PR R O S) O N SH ICE N E ES L O W ES ES AR S EH R EP O U UB SE LA LI C D IE S & BU M EN & RT S O TO W N EA M (2 PM EN R R ET AN S W AI M EA L FL EN R O SW O R S) EAR
11 1
L/W M R & IRAG CU M/W E RR HO R YS ME .DIG EN TE ITA RT L AIN ME NT
well S
(2
113
YD ST SB BA NK
(PE DE ST RIA NS ON 13 LY 4) 1
ON
OF FIC E
OR AL BET TIN G
13 7
35 -1
TH IN G
AR K
DEP ART MEN T ST
R NK
TS
11 5
BO OK S
TAXI
D O & PT A IC IA N
& CL M O RE TH TA IN IL G FL O O RS )
Crass
nt
ER NE 51 J E ST W J EL ON CL LE E IN R S TO C N AR CA D S R DS & G IF H TS SA M JE UE W L EL LE R
TIMPS SHOE ON REP
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LA A DI RE M ES HO IS LA S S & WE USE AR R DI EL ET E F AI S W RID L E G 57 FLO AR E O RS )
PO FA RT S M CH HIO AID GL ELT NS BA OU EN L/W NK CE HA R ST M ER &
PH ON
EN WA T TE RS TO NE S
LLO
-4
99
T
WE ELEPHOES 4 U N LL PA ES TH
117
GS
H M RE V CO RD IN G 18 S 3
1
ng
(2
-1
O R JW OD LR IA
3
52
-2 04
pi
19 4
op
23
16
E JE SS W EN EL TIA LE L R
53
er cia lR -1 88 oa 19 0 d -
54
Sh
TE LE PH AC O CE O NE 2 SS S L O AC R TH IZ C ES E C OR O N S NF TO & NS BI S
24
Covenant Strength
14 6
KIN
119
43
JUS TN AIL BE S AU SA L
OU SA TD FA OO RI RW EA R
44
SU M M LI ER NG S SH ER O IE E SH ZO O NE E H S AL IF AX BA N K
AR
18 6
55
es
C A LA L CCE IRE AC S S CE SO SS RIE
ad
S
T
TE MO L BIL T E O HE SH RA TE OP NG E L
25
56
H
PR IM
12 7
G O HA A D TO N S G E
SU PE RC UTS HA IR
45
AN N
KS VA & RI (2 ET SP RE Y EN TA ST CE IL O R FL E R O O RS ) W
S ED ES TR O X SH BO ER Y N ER IO N AT IO ST AT ST
42
W CL ITHIT OT HIN G
G LIN FIL /A THE ION T T STA
41
A EIL E T SH OV RIS L O FL
O LW VA O RI RT ET HS Y ST O RE
CK SHA EAR KS W MAC DOOR UT
sc
MOSS M/WR (2 RETAIL FLOORS)
GOLDSMITHS JEWELLER
W O
OR OR TS LD GO OD MO S TH ER CH CA ILD RE RE NU H NS RS O M ER W ES G EA Y H T GO R TR OIN O YL & OD R O G E AV G P J O W D HO EL LA S M MI EW BIN EN S EN C E S & A CE HE LLA S HA LLE ON ND GEN S AL W EL R TH T EA S & V R I FO BA R RG RR O (2 EC IN D ET RE OR ME VO T TA DIN GA TE DA IL GS ST LE FO FL OR P B N O E SU RIT HON E O RS ES ST SS ISH ) AT E B G IO X S OO A NE TA K CO ME R TI S H M & ON OP PU BO E S J D TE O RS R KS SP SP GA O O RT RT BR M S ES EN OO S K T G TO ST O O EM RE R DS P ET AG L IVE Y M ADI R EN ES IS S & LAN W D O EA 2 R TE LE PH O NE S TO BE NATIO NWID E (2 RE TAIL FLOO RS)
19
23
21 -
ANT VAC LET T OU
EET
Ca
22
CL O
25
ST R
M
26
(2
29
37
S EBY ROS T GS SOF NISHIN FUR
SHOES
SOLETRADER
THE BODY SHOP HEALTH & BEAUTY
SHOES
TRAVEL AGENT
THOMAS COOK
PORTSMOUTH F.C
FAITH
27
R WE
VACANT OUTLET
2
ENVY
BARRATTS
28
29
ENTRANCE
1
3
4
5
30
MENS WEAR
SHOES
CARDS & GIFTS
CLINTON CARDS
BAY TRADING COMPANY LADIES WEAR
VISION EXPRESS OPTICIAN
ARLY LEARNING CENTRE E EARLY TOYS & GAMES
7
8
9
S TE
BRE
STREET MARKET
LO T
31 -
CH BUT MR CHER BUT
R CH A
E T 39 T RE
27
O ANT VAC LET T OUT TLE OU ANT VAC
Proposed Northern Quarter Shopping Centre www.northernquarter.info
186–188 Commercial Road
l
Portsmouth l June 2008 l 105252.001