Pictured: Wellingborough Road
The retail market has remained resilient throughout 2011 says
commercial property agent Prop-Search with many businesses looking
to take advantage of competitive values, grow their operations or
launch new ventures. After all, Tesco, Dyson and Microsoft
all launched in a recession.
The upper quartile of secondary locations is currently seeing
more activity in terms of take-up and enquiry levels. This reflects
the strong attraction of less expensive space allowing retailers'
to focus on running their businesses and profitability.
Prop-Search has recently received a number of new retail
instructions in Northampton. The secondary, but popular
Wellingborough Road area has seen a substantial restaurant property
come to the market which is already generating unprecedented levels
of interest. The unit, formerly the Cardomon City Indian
Restaurant, is also suitable for general retailing and comprises
5,365 sq ft on three floors. It is immediately available to lease,
although a freehold sale may be considered.
A further restaurant property is being marketed jointly with
Carter Jonas on Derngate, opposite the Theatre. This established A3
unit offers 1,474 sq ft on two floors and is being offered on a new
lease at the competitive rent of £15,000 per annum. The
neighbouring units which provide for A2 (financial and professional
services) use can also be rented. These comprise approximately a
1,000 sq ft each and again are available on new leases, with terms
to be agreed.
Samantha Jones, a Surveyor at Prop-Search, says: "There has
certainly been a marked increase in enquiries over the past four
months for sensibly priced retail accommodation within the town
centre."
An A2 property on Hazelwood Road is attracting steady levels of
interest for this office use as well as for general retailing
purposes. The accommodation comprises a front sales area of 746 sq
ft with the option to take a further 475 sq ft of
office/sales/storage space to the rear. One of the key attractions
of the property is its rear car parking provision, a rarity for
town centre retail space.
Retail premises situated close to Debenhams on The Drapery have
also recently become available. The accommodation has recently been
refurbished and offers ground floor retailing of 246 sq ft, with a
further 633 of ancillary space.
Further information on the mentioned properties can be obtained
from Samantha Jones at Prop-Search - Tel: 01933 223300 or
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