Owner occupier secures prime position in Hanley

Retail News

FHP are pleased to confirm the sale of 10-12 Market Place, Hanley on behalf of private investor clients.  The building has been bought by an investor who also owns/operates a national, franchised restaurant chain.

Doug Tweedie commented “Freeholds at the right price are in huge demand across the region.  There is a dearth of demand from occupiers looking to pay sensible rents, and now that prime rents have fallen, good start ups and regionals have a chance of competing, and beating the “big boys” to the prime locations.  In this case it was an owner occupier, but investor sentiment, those who are happy to work with a retail occupier should absolutely return to the sector.”