Hereward Cross

Hereward Cross was originally constructed in the early 1960s and was extensively reconfigured and refurbished approximately 10 years ago to provide circa 76,896 sq ft (7,144 sq m) of high street retail. The property comprises of thirteen units arranged over ground and first floor.

The property has a strong discount and convenience retail-led offer and is anchored by Wilko (32,354 sq ft / 3,006 sq m). Other national covenants include Poundland (13,332 sq ft / 1,239 sq m), RBS, William Hill.

The ownership also includes the Sir Henry Royce public house, operated by Stonegate Pub Company Limited, which forms one of a cluster of other public houses on Broadway.

A 37,436 sq ft (3,478 sq m) Tesco (outside the ownership) adjoins the asset and provides a key source of footfall as well as a complementary retail offer. The property fronts Midgate Road, a prominent retail thoroughfare in Peterborough leading to both the Queensgate Shopping Centre and the Cathedral.

All the retail units are serviced from first floor level, where there is a loading/turning area reached by a vehicular ramp from Cattle Market Road.

Hereward Tower lies at the centre of the property and comprises a former office building that now houses 33 residential apartments. The apartments have been sold off on a long leasehold basis.