Rapleys - Stevenage, London Road, Roebuck Retail Park

Date: 04 Jan 2002

Client: Asda Stores Limited

Property: Unit D, Roebuck Retail Park, London Road, Stevenage

Rental: £213,775 per annum exclusive

Floorspace: 2,579 sq m (27,763 sq ft)

Lessor (or Seller): Asda Stores Limited

Lessor's (or Seller's) Agent: Rapleys

Landlords: Grafton Estates (Farringdon) Ltd

Lessee's Agent: Not represented

Notes: Asda Stores Limited's completed the surrender of their lease on the 9th October 2001. The Lease was for a term of 25 years from March 1987, subject to five yearly rent reviews.

Grafton Estates (Farringdon) Ltd, have agreed terms with Dixons for a PC World of 24,000 sq ft which is currently under construction and will comprise Phase I.

Grafton Estates will be pursuing Phase II on the Roebuck Retail Park which will involve a relocation of the Currys and Halfords unit. Rapleys are advising Halfords in respect of their relocation.

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