Bellrock completes Trio of Retail Deals

Posted on 20 January, 2015 by admin

Property firm Bellrock has released details of three recent deals completed by its London Office. One of these is a new sub-lease for shop on Melbourne Street, Stalybridge (pictured). The premises comprise a 972 sq ft ground floor sales area together with a 282 sq ft first floor room.

Bellrock-completes-trio-of-Retail-Deals

The property has a rateable value of £11,500 and the permitted use class is A1. Neighbouring occupiers include Greggs, Coral and Superdrug.

Bellrock acted for the landlord, Johnson Cleaners UK Limited, to let the vacant unit to a private individual for use as a clothing shop. The deal was subject to one month rent free from completion.

The other deals both involve lease surrenders on the South Coast.

The first is a Portsmouth city centre retail unit providing 894 sq ft of commercial space with permitted uses classes of A1/A2 with a rateable value of £16,750.

Nearby properties are occupied by Coral, Barclays and Debenhams, alongside a range of independent shops, bars and restaurants.

In this case Bellrock surrendered the lease on behalf of the tenant, The Money Shop.

The second lease surrender involves a Southampton retail unit on Shirley Road, close to Millbrook Train Station.

This property provides 831 sq ft of sales space on the ground floor and a 623 sq ft first floor ancillary space. Use classes A1/A2 are permitted and the rateable value is £9,600.

Retailers in the vicinity include Tesco, McDonalds and Boots.

Once again, Bellrock surrendered the lease on behalf of the tenant, The Money Shop.

Story: Neil Bird

Photo: Bellrock




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