Acting on behalf of Clowes Developments (UK) Ltd, Fisher Hargreaves Proctor has let 22 Cornmarket, Derby to Money Shop on a 10 year effectively full repairing and insuring lease at a rent of £40,000 per annum subject to rent review at the end of the fifth year.

The premises, which occupy a prominent location close to the junction of Cornmarket and St Peters Street, comprise ground floor sales of 593ft² together with basement storage of 481ft² and were formerly occupied by Benjy’s Sandwich Bar.

Mark Bradley of FHP commented:-

“The success in securing this letting to a national multiple after a period of extensive marketing is particularly pleasing in this difficult market and also taking into account the challenges which are facing both landlords and occupiers within the Cathedral Quarter of the city centre.”

Leading commercial property agents, Fisher Hargreaves Proctor, have been instructed to market the premises at 2/4 Wilford Street, Nottingham on behalf of The Irish Centre.

The premises provide over 10,000 ft² of gross internal accommodation together with a car park for approximately 30 vehicles.  They are situated immediately adjacent to the Waterfront leisure scheme and the Castle Wharf office development which includes the Head Quarters of The Nottingham Evening Post.

Steve Young of Fisher Hargreaves Proctor commented:-

“We are delighted to have been instructed to act on behalf of The Irish Centre in disposing of their property within Nottingham City Centre.  It is the intention of our clients to downsize into part of the premises or alternatively seek smaller premises elsewhere and dispose of the property in its entirety.  I believe that this provides a unique opportunity to acquire a City Centre freehold with a fantastic car park and I anticipate that it will appeal to a cross section of parties including churches, social groups, restaurateurs, nightclub operators and developers.”

Julie Cassidy-Gosling, Chair of The Irish Centre commented:-

“The Irish Centre is more than bricks and mortar; it is the belief that people have in themselves and in one another.  Whatever the outcome all community activities will carry on for the benefit of members and the general public, including the Comhaltas traditional music classes, the Golden Shamrock Club, Set Dancing, traditional card games as well as a host of  cultural and social events organised by the members and groups such as the Irish Studies Group. The Nottingham Irish Centre has a past to be proud of, a present to survive and manage, and a future to look forward to.”

Anybody who requires for information in respect of the property should contact Steve Young on:-

0115 841 1157 / 07917 576 251 / steveyoung@fhp.co.uk

Acting on behalf of Cardzone Ltd trading as Paper Kisses, Fisher Hargreaves Proctor has acquired Unit 4 All Saints Walk, The Ridings Centre, Wakefield on a new 5 year effectively full repairing and insuring lease at a stepped rental averaging £43,000 per annum subject to 4 months initial rent free period.

The unit was previously occupied by a national card retailer and was operated initially on a temporary basis by Cardzone to test the market prior to committing to a permanent lease.

The unit contains a ground floor sales area of 1,361ft² together with first floor stores of 1,271ft².

Mark Bradley, who acquired the unit for Cardzone, commented:-

“The acquisition of this unit fitted my client’s strategy of building upon the existing cluster of branches in the Yorkshire area and after an initial trial trading period, on a temporary licence, the turnover from this property was sufficient to seize the opportunity of securing a permanent lease within the Ridings Shopping Centre.”

Acting on behalf of private landlords, the letting has been agreed at 4 White Hart Yard, Newark as a nail bar.  A new three year lease was agreed rising from £6,000 in year one to £7,500 in year three. 

The unit forms part of a small retail precinct off Market Place, Newark with adjoining occupiers including a hairdressers, computer equipment shop and dress shop. 

For further information please call Steve Gillott of Fisher Hargreaves Proctor on 0115 841 1133.

Acting on behalf of Glenstone Property Investments Limited, Steve Young of Fisher Hargreaves Proctor has let premises at 30/31 Stodman Street to Costa Coffee.

Steve Young of Fisher Hargreaves Proctor commented:-

“”We commenced marketing of this premises in early 2009 in the knowledge that MATE Plc were going into administration.  Following the vacation of the premises by Evans, we were delighted to secure an equally strong covenant for this prime unit.”

He went on to say:-

“I believe that this is an excellent addition to Stodman Street and will encourage dwell time within the prime pitch of Newark.”

Costa have taken a ten year lease at an average rent of £57,500 over the first five years of the term and were given three months rent free together with the capital contribution of £27,500. 

They have now commenced trading and are extremely pleased with trade to date.

For further information please contact Steve Young on 0115 841 1157/steveyoung@fhp.co.uk.

Acting on behalf of Aberdeen Property Investors UK Ltd, Fisher Hargreaves Proctor have let 58 Bridlesmith Gate, the former Cruise Clothing store to fashion retailer Firetrap.

Firetrap trade from 6 stand alone stores in London, Edinburgh, Belfast, Leeds, Liverpool and Sheffield, as well as numerous concessions within Selfridges and House of Fraser.

The Nottingham store has been acquired on a new 10 year lease, paying a rent of £165,000 per annum with the benefit of a 12 month rent free period.

Ben Tebbutt, Partner at FHP commented:-

“Bridlesmith Gate once again shows its quality as a location as the shop has been let to a quality fashion retailer in what is undoubtedly the most difficult market conditions we have seen over the past 20 years.  Whilst it is true that there are other units available on Bridlesmith Gate, these tend to be poorly configured or too small for the majority of retail requirements.  Demand is still strong for the right units.”

58 Bridlesmith Gate provides a ground floor sales area of 1,187ft² together with first floor sales of 1,101ft².  Storage facilities are provided at basement, second and third floors.

Helen Smith of Aberdeen Property Investors UK Ltd commented:-

“We are delighted that FHP were able to secure Firetrap in a very short space of time following Cruise’s vacation of the building.  The property is one of a number owned by pension fund clients of Aberdeen on Bridlesmith reflecting our confidence in the location.”

Ben Tebbutt added “Bridlesmith Gate is set to see some exciting changes over the next 18 months with a number of high profile operators showing strong interest in the location.  Further details to follow shortly.”

Olivia Jackson at CWM acted on behalf of Firetrap.

Acting on behalf of Cardzone Ltd, Fisher Hargreaves Proctor has negotiated a new lease of Unit 30 Merrion Centre, Leeds for a term of 10 years at a commencing rent of £33,500 per annum subject to rent free incentives.

The unit occupies a central location within the main mall of the Merrion Centre which is anchored by a Morrisons supermarket and contains ground floor sales of 655ft² together with remote basement storage of 314ft².

Mark Bradley, who acted for Cardzone, commented:-

“This new unit compliments my client’s other branches at Wakefield and Pontefract and the objective is now to build on this cluster of shops in Yorkshire with further acquisitions within that region.”

Details of suitable properties of between 750 – 1,250ft² should be forwarded to Mark Bradley at markb@fhp.co.uk or telephone 01332 224852.

Acting on behalf of private pension trust clients, Fisher Hargreaves Proctor have agreed a letting of 11a Stodman Street, Newark to Inizio for a new hairdressing salon.

The property lies on the northern side of Stodman Street, a short distance from Middlegate, a prominent three storey building comprising retail sales of 385 ft² together with a large rear single storey extension of 800 ft².  There are stores at first and second floor level of 260 ft² and 265 ft² respectively.

The agreed terms was for ten years with a tenant’s five year break at a headline rental of £20,000 per annum exclusive.

Acting on behalf of Possfund Custodian Trustees Limited c/o Hermes and Cushman Wakefield Investors, Steve Young of Fisher Hargreaves Proctor has let the premises at 30/31 Idlewells Centre, Sutton in Ashfield to Textiles Direct.

The Tenants have taken a new three year lease at a commencing rent of £19,500 per annum.  There is a mutual option to determine the lease on the eighteen month anniversary of the term upon three months prior written notice.

Steve Young of Fisher Hargreaves Proctor commented:-

“Textiles Direct had initially occupied the premises by way of a temporary licence and having traded well, they were keen to secure the premises for a longer period.”

“We believe that they add a valuable product range to the tenant mix profile of the Centre and we are pleased to have secured their commitment for the next eighteen months at the very least.”

Fisher Hargreaves Proctor has acquired another unit for their retained retail client, Cardzone Ltd t/a Paper Kisses at Unit F Sandlands Court, Forest Town, Mansfield being part of the Henry Boot development immediately adjacent to the Asda supermarket.

The premises comprise a ground floor unit containing 1,000ft² and they have been acquired on a new 10 year effectively full repairing and insuring lease at a rental of £14,000 per annum with incentives also being granted.

Other units in the development include a pet store, furniture store, bakers and various takeaway uses.

Cardzone now trade from 23 branches including recently opened stores in Sutton in Ashfield and Leeds. 

Mark Bradley, who acquired the unit on behalf of Cardzone, commented:-

“Our client is seeking further units for 2010 of between 750ft² to 1250ft² in locations within a 70 mile radius of Nottingham to continue with its expansion programme in the Midlands and Yorkshire.”

Details of suitable properties should be forwarded by email to markb@fhp.co.uk

Acting on behalf of the joint venture of Cardzone/Thorntons, Fisher Hargreaves Proctor has acquired a new lease of Unit 21 Idlewells Shopping Centre, Sutton in Ashfield on a 5 year lease on a turnover based rental.

The unit was formerly occupied by Birthdays with a Thorntons concession incorporated and comprises ground floor sales of 1,040ft² together with first floor ancillary of 1,228ft².

Mark Bradley, who acted for Cardzone, commented:-

“This is the first Thorntons joint venture transaction that my client has agreed and was a benefit to both firms because Thorntons were previously trading from the Birthdays unit before that card chain went into administration.

A number of other towns have already been identified for the Cardzone/Thorntons joint venture and several of these are actively being progressed.

Cardzone now trade from 23 branches with a further 3 other units in solicitors hands scheduled to open for Valentines Day.”

Acting on behalf of Spiritville Investments Ltd, Fisher Hargreaves Proctor has let 26 Biggin Street, Loughborough to Cardzone Ltd t/a Paper Kisses on a new 10 year full repairing and insuring lease at a rental of £35,000 per annum.

The premises comprise a retail unit containing 1,502ft² ground floor sales together with first floor storage of 1,452ft² occupying a good secondary location in the town centre close to Wilkinsons and The Rushes Shopping Centre.

The unit became vacant following the administration of Stylo Barratt who were formerly the occupiers and despite market conditions, there was a good level of interest resulting in keen competition from two potential occupiers with Cardzone eventually being the successful bidder.

Fisher Hargreaves Proctor have successfully attracted another tenant to the Cathedral Quarter with a recent letting at 8-9 Strand Arcade to Fraiche Boutique. 

Nic and Linda Stone, who have owned gift shop Fraiche in Sadler Gate for five years, are opening a new sophisticated women’s wear shop in the nearby Strand Arcade.

The couple have transformed the premises into a vintage boutique style shop which will sell a wide range of day and evening wear as well as accessories.

Nick explained: “This is a natural progression for us as we already sell a wide range of ladies’ accessories at Fraiche and our other business – The Bottle Kiln in West Hallam”.

“Despite the economic situation, we felt that this was a perfect time to expand our presence in the Cathedral Quarter. We hope to build on the arrival of Blue Water in Sadler Gate and the strength of other established businesses in this area to promote this as a destination of choice for ladies who want the whole experience from shopping and lunch to hair and beauty.”

Hannah Chapman of FHP, who agreed the letting and are the Cathedral Quarter’s preferred agents, added:

“It is extremely encouraging to see that an existing Cathedral Quarter retailer is trading well enough to support the investment into an additional store.

The fact that Nic and Linda chose the Cathedral Quarter to locate their business is testament to the fact that the Cathedral Quarter offers a quality shopping experience that fits their business.

Fraiche Boutique is just the type of premium retailer that we are aiming to attract to the area, building upon the wealth of niche, high quality businesses already here.

Fraiche Boutique will be a very welcome addition to the Cathedral Quarter.”

On behalf of private clients, FHP have successfully secured terms for a letting at 58 Derby Road, Nottingham to Welch the Florists.

The premises at Derby Road comprise ground floor and basement accommodation with a prominent frontage to the busy Derby Road.

Hannah Chapman of Fisher Hargreaves Proctor comments:- 

“We are delighted at the new addition to our client’s parade of shops at Derby Road. We see a florist as being the perfect tenant to compliment the existing high quality retailers in the block including Soul Hairdressing and Le Chien et Moi gift shop”.

“The premises offer a great location for the tenant’s business being on the fringes of Nottingham City centre, close to Nottingham’s office quarter and with the added benefit of a great prominence to the very busy Derby Road.”

FHP have successfully agreed terms on two new stores acquired on behalf of clients, Penmark Cards.

Penmark Cards, trading under the Hallmark and Thorntons brands were looking to expand their East Midlands representation into the West Midlands. FHP working with Penmark, successfully identified and secured two new stores in Kenilworth and Bridgnorth.

Hannah Chapman of Fisher Hargreaves Proctor comments:-

“It is encouraging in these difficult economic times to see retailers continuing to experience strong sales across their stores and be in a position to take advantage of opportunities for expansion.

Penmark have built up a strong network of stores in the East Midlands and the key to their success is finding the right store in the right location and on the right terms. We are pleased to provide them with the expertise and advice they need to support their future success.”

Mark Rees of Penmark Cards adds:-

“We are delighted already at the performance of the two stores, trading well in excess of our expectations. The help and advice provided to us by FHP throughout the whole acquisition process proved invaluable and without their help it is unlikely that we would have secured the two sites ahead of other retailers.”  

For more information about these lettings, or to see how Fisher Hargreaves Proctor could assist you with your property matters, please contact the Derby office on 01332 343 222.

Acting on behalf of LaSalle Investment Management, Steve Young of Fisher Hargreaves Proctor has let the premises at 29/31 Upper Parliament Street to Laidir Leisure Limited t/a Power House Fitness.

The premises comprise circa 1,946 ft² and are arranged over ground floor and first floor. 

The new tenants have taken a ten year a lease subject to five year break at a commencing rent of £40,000 per annum.

Steve Young of Fisher Hargreaves Proctor commented:-

“I am delighted that we have been able to secure a strong multiple retailer for this unit which we feel will enhance the tenant mix of the Elite Building.  This unit is of challenging trading configuration and consequently, we always envisaged that it would be a destinational retailer who would secure the premises.”

John Lally of Power House Fitness commented:-

“We are pleased to have secured these premises so that we can relocate from our existing store at Fisher gate point. Powerhouse Fitness has been in Nottingham for a number of years now and its profile is not as strong as we want due to our secondary location. We are very excited that the new more prime Elite Building location will rectify this and enable us to be the major provider of all Nottingham’s fitness needs now and in the future.”

Fisher Hargreaves Proctor are delighted to announce that Bluewater Ladieswear will shortly be opening a new store at 46 Sadler Gate, Derby, the unit formerly occupied by Cruise Ladieswear.

The unit provides a fully fitted fashion store of approximately 1500ft².

Bluewater Clothing operate successful stores in Burton on Trent and Barton Marina in Staffordshire. 

Ben Tebbutt of FHP, who put the deal together, commented:-

“FHP received instructions from the administrators of Cruise to sell the freehold of the above store.  The property market is extremely difficult at present and no developers are looking at speculative purchases without the prospect of securing a tenant.  FHP are the preferred agents for the Cathedral Quarter and through their knowledge were aware of Bluewater Clothing who had a requirement for Sadler Gate.  A deal was brokered whereby the property was sold to Clowes Developments subject to a simultaneous lease to Bluewater Ladieswear.”

Andrew Bock of Clowes Developments commented:-

“The company owns numerous properties around Sadler Gate, however we were not interested in a purchase of a vacant unit.  FHP introduced both the opportunity plus the potential tenant and we were delighted to work in conjunction with them in securing the letting.”

Bluewater Ladieswear have acquired the unit on a new 6 year lease.

Further information on opportunities within the Cathedral Quarter can be obtained from ben@fhp.co.uk, Direct Dial 0115 8411142, Mobile 07887 787885.

Cardzone Ltd trading as Paper Kisses has acquired a flagship unit in Westfield Derby to bring their total number of branches to 20 stores as part of their continuing expansion programme throughout the East Midlands and Yorkshire regions.

Mark Bradley of Fisher Hargreaves Proctor acted for Cardzone who have acquired Unit SU129 on the lower mall comprising a ground floor sales area of 1175ft² on a 10 year lease at a rental of £50,000 per annum.

Mark Bradley commented:-

“This store will act as a springboard for further acquisitions within major shopping centres and demonstrate to landlords the quality of our client’s shop fitting and operation.

Cardzone has acquired 10 new units since April 2008 and we have four others in solicitors hands.  They have a requirement for additional branches within a 50 mile radius of Nottingham between 500 – 1,500ft² including some temporary Christmas lettings.”

Please forward details of suitable properties to markb@fhp.co.uk

Fisher Hargreaves Proctor has acquired another retail unit for its retained client, Cardzone Ltd, at Unit 2 Gaol Street, Oakham trading as Oakham Card & Gift Shop.

The unit is a new development on Gaol Street which links the town centre with the Tesco supermarket and main car park and is located within an exclusive development including Hambleton Hall Bakeries and a local coffee shop and delicatessen.

The ground floor only premises comprise 548ft² sales area and have been acquired on a new 9 year lease subject to a tenant only break option at the end of the fifth year at a commencing rental of £12,500 per annum.

Mark Bradley who represented Cardzone in the acquisition commented:-

“Cardzone already trade from other premises in the town centre offering a value concept and this unit has been acquired to complement the existing business by providing a mainstream card offer together with ancillary giftware and collectibles.  The acquisition also builds upon the cluster of recently acquired units in Melton Mowbray and Birstall, Leicester.”

Cardzone now trade from 20 branches and are seeking further outlets for their continued expansion programme into 2010.

Fisher Hargreaves Proctor acting on behalf of Churnet Works Estates Limited have sold a site of 23.25 acres on an unconditional basis to Sainsburys.

The site had in the past been occupied by Courtaulds and subsequently had been divided to provide a variety of industrial units of 240,000 sq ft, delivering an income of approximately £257,142 per annum.

It is understood that Sainsburys, who bought the site unconditionally, will be looking to develop a mixed use scheme including a supermarket, residential accommodation and possibly additional retail space.

David Hargreaves confirmed that there had been strong interest in this site from both developers seeking to enter into a joint venture with Churnet Works Estates Limited and various supermarket groups.

A price close to the guide of £7 million was secured.

Fisher Hargreaves Proctor acted on behalf of Churnet Works Estates Limited, with John Liggins acting for Sainsburys.

Fisher Hargreaves Proctor and CBRE have completed the letting of the first unit at The Pod, the iconic building developed by Bildurn (Properties) Limited in the Lace Market in Nottingham.

A unit of 6,000 sq ft has been let to Tesco for a Tesco Express.

David Hargreaves of FHP commented:  “This is a very important letting for the Lace Market as undoubtedly Tesco will generate a considerable amount of pedestrian flow in this part of the city.  It is expected that Tesco will serve 6,000 – 7,000 people per week.   The pedestrian flow generated will provide opportunities for other businesses to trade off the back of Tesco.”

The letting is on a 15 year lease at a rent of £110,000 per annum.

Ben Tebbutt of FHP commented: “This acquisition by Tesco provides them with complete coverage of the city centre, with their new store on Long Row and their Metro store in the Victoria Centre.”

FHP and CBRE represented the landlords, Bildurn (Properties) Limited with Tesco representing themselves. 

Fisher Hargreaves Proctor and CBRE acting on behalf of Bildurn (Properties) Limited have let a further unit within The Pod in Nottingham to rapidly expanding furniture retailer, Dwell.

David Hargreaves, who put the deal together, confirmed that Dwell had taken a unit of 10,548 sq ft at the corner of Fletcher Gate and Bottle Lane.  Hargreaves said:  “The Pod has appealed to a variety of furniture retailers by virtue of its design which certainly adds value to their product.”

This is the second letting secured by FHP and CBRE in The Pod in the past month, with just 1 retail unit of 15,000 sq ft now remaining. 

Ben Tebbutt of FHP said: “The last unit is a quirky unit which is visible from Bridlesmith Gate, but “off pitch”.  However, for a fashion retailer looking for a large retail unit close to Bridlesmith Gate, this property of 15,000 sq ft on one level is fantastic value for money at £225,000 per annum.”

Once Tesco and Dwell open, the pedestrian flow on Bottle Lane will increase considerably, with other tenants close by including Ark, Two Seasons and the soon to open Coffee Republic.

Sean Gillies of  CBRE said:  “The last remaining unit within The Pod is the only 15,000 sq ft single storey retail store available for immediate occupation in Nottingham.  The size of the unit will allow a retailer to carry a full range of stock and this, together with the proximity of the prime Bridlesmith Gate should allow a fashion retailer to trade profitably in this location.”

For further details on The Pod contact David Hargreaves of Fisher Hargreaves Proctor (Tel: 07876 396003 or email davidh@fhp.co.uk) or Sean Gillies of CBRE (Tel:  07967 697919 or email sean.gillies@cbre.com)

Acting on behalf of Westfield Shoppingtowns, Steve Young of Fisher Hargreaves Proctor has let the premises at 102/103 Upper Broad Walk to the ExtraCare Charitable Trust.

The premises are located on the first floor of the Broadmarsh Centre adjacent to Jonathan James and TK Maxx.  Comprising some 1,541 ft² they were let on a new five year lease.

Steve Young of Fisher Hargreaves Proctor commented:-

“We are extremely pleased to have completed the letting to ExtraCare Charitable Trust and assisted them in securing their first branch in Nottingham City Centre.”

“They are an excellent organisation who were established in 1988 and currently operate 28 supported residential schemes and retirement villages together with 54 retail outlets.”

Alison Whittingham of ExtraCare commented:-

“We were looking for a City Centre shop to help fund an ambitious activity and social programme at the Charity’s Lark Hill Retirement Village which opens in Clifton this summer, the shop offers a host of nearly new clothing, books and collectables, together with a range of fashionable jewellery and handbags, all available at competitive prices.”

The store opened on 15 June 2009 and has proven exceptionally popular with Nottingham’s shoppers to date.

ExtraCare were represented by Nigel Frost of Land & Development Research.

For further information on opportunities available within the scheme, contact Steve Young.  Direct Dial 0115 8411157.  Email steveyoung@fhp.co.uk

Acting on behalf of Cardzone Ltd, Fisher Hargreaves Proctor has acquired 9 Market Place, Bingham on a new 10 year full repairing and insuring lease at a rental of £13,250 per annum subject to a tenant only break option at the end of the fifth year.

The ground floor lock up shop unit contains 695ft² sales area and will trade under the Paper Kisses fascia being a relocation from smaller premises at 28 Market Place.

Mark Bradley of FHP who is retained by Cardzone for their acquisitions commented:-

“My client’s lease of 28 Market Place was due to expire in 2009 and therefore the opportunity was taken to investigate other available opportunities in the town for a relocation to larger premises.  The new premises occupy a prominent location facing onto the Market Place immediately adjacent to Piano Bistro and were formerly occupied by Wright Mortgage who have also relocated elsewhere in the town.”

Cardzone now trade from 17 branches and are actively seeking more units within a 1 hour drive of Southwell where the head office is located.  Details of any suitable units between 500 – 1,000ft² should be forwarded to Mark Bradley.  Email markb@fhp.co.uk.  Tel 0115 8411137.

Fisher Hargreaves Proctor have been instructed as letting agents on the St Marks Place Shopping Centre, Newark, Nottinghamshire.

The scheme totals 120,000ft² and comprises of 36 shop units.  The scheme is located within the heart of Newark town centre flanked between Marks & Spencer, Stodman Street and Lombard Street.  Tenants within the Centre include Wilkinsons, New Look, 99p Stores, Clinton Cards, Clarks Shoes, Game and Bay Trading Co.

Ben Tebbutt, Partner at Fisher Hargreaves Proctor commented:-

“FHP are now instructed on four major shopping centres throughout the East Midlands, the Broadmarsh Centre, Nottingham, The Priory Centre, Worksop, The Idlewells Centre, Sutton in Ashfield and now the St Marks Place.

St Marks Place is owned by Oakgate Group, a property development investment company based in Wetherby, West Yorkshire.  Oakgate have been involved in a number of prestigious projects throughout the Midlands and the North including Exchange Quarter in Leeds, Stonegate, York and the development of the new flagship premises for HSBC Bank on Clumber Street in Nottingham.”

Steve Young of Fisher Hargreaves Proctor commented:-

“We are delighted to be acting on St Marks Place Shopping Centre and we have already identified a number of opportunities where we can add value to the scheme and are in discussions with several retailers regarding new units."

For further information on opportunities available within the scheme, contact Steve Young.  DD 0115 8411157.  Email steveyoung@fhp.co.uk

Fisher Hargreaves Proctor acting on behalf of Lace Market Properties have sold land and a showroom at Great Freeman Street, Nottingham, opposite the Victoria Centre, to Max Nouri for the development of a furniture showroom.

The site and buildings, which total 0.77 acres, were sold at a price of £1.575 million.

Max Nouri has now combined the 2 retail units to create a new furniture store of 6,110 sq ft for Aura, with car parking for approximately 70 cars, fronting Huntingdon Street and adjacent to Hopewells Furniture Store.

David Hargreaves confirmed that Fisher Hargreaves Proctor have now been instructed to dispose of the existing Aura store on Mansfield Road.  This property provides 6,538 sq ft and is available either on a freehold or on a new lease.

Acting on behalf of First Quench Retailing Ltd, Fisher Hargreaves Proctor has disposed of the leasehold interest of 10 Lutterworth Road, Blaby, Leicester to Mind Charity by way of an assignment at nil premium.

The ground floor lock up shop unit which contains 764ft² sales area occupies a prominent location in the popular Leicester suburb and is held on a full repairing and insuring lease expiring on 22^nd March 2014 at a current rental of £15,700 pa.

Mark Bradley who acted for the assignor commented:-

“Blaby is a popular suburb of Leicester and very few shop units come to the market within the prime pitch and it was therefore anticipated that, despite the economic climate, a disposal would be achievable within a relatively short timescale.”

FHP are retained by First Quench to dispose of their surplus properties throughout the East Midlands and East Anglia and further details of available properties can be obtained by contacting Mark Bradley on markb@fhp.co.uk or 0115 8411137.

Acting on behalf of Bankmist Properties, Fisher Hargreaves Proctor has successfully let 1 Bridlesmith Gate, Nottingham to “Roast It”.

The property was formerly occupied by North American Travel and has now been let on the basis of a new 10 year lease.  The property provides a ground floor sales area of 323ft² together with a first floor of 345ft².

Ben Tebbutt of FHP commented:-

“The property has been let to Jem Leisure, the company run by Edward and James Mellors.  Edward and his brother are the people responsible for the Big Wheel in Nottingham’s Market Square, now making it’s second appearance.”

Edward Mellors commented:-

“We have been searching for a site in Nottingham city centre for sometime.  Bridlesmith Gate is the perfect location for this business.  We aim to provide quality lunchtime food providing the customer with a genuine alternative to the likes of Pret a Manger. Hot roast meats and freshly baked bread are proving a real attraction so far.”

Ben Tebbutt added:-

“It is hoped that this will be the first of many stores for “Roast It”.  We are already starting to look for store number two.”

Acting on behalf of a private investor, Fisher Hargreaves Proctor has let 92 Granby Street, Leicester to William Hill on a new 20 year full repairing and insuring lease at a rental of £36,000 per annum subject to a 3 months initial rent free period.

The premises contain a ground floor sales area of 2,778ft² together with upper floor ancillary accommodation and was previously occupied by a local camping retailer who went into administration.

Mark Bradley of FHP who handled the transaction on behalf of the landlord commented:-

“Following the demise of the former tenant, we approached various selected occupiers whom we considered would be suitable for this location, including bookmakers, and a deal was reached fairly quickly with William Hill who recognised the opportunity of this location being close to a Wetherspoons public house.  We also advised the client that A2 use was likely to be granted for betting shop use which proved to be case and the transaction was completed immediately upon receipt of planning permission and the grant of a betting licence.

The value of our client’s investment has also substantially improved due not only to the increase in rent achieved but also the quality of the covenant of the tenant.”

Acting on behalf of Carol Harvey Estates, Steve Young of Fisher Hargreaves Proctor has let the premises at 15 Low Pavement to Miller Harris.  The tenant has taken a new 10 year lease at a commencing rent of £20,000 per annum.

Miller Harris is a boutique perfumery with three existing stand alone stores in London, and concessions in Fenwicks, Fortnum and Mason, Bloomingdales, Liberty, and Selfridges, to name but a few.  

Steve Young of Fisher Hargreaves Proctor commented “I am exceptionally pleased that we have managed to secure yet another new retailer for Nottingham City Centre.  Miller Harris are a luxury niche retailer and I believe that they will trade exceptionally well in this high fashion location.  Their decision to locate their first non London store in Nottingham, speaks volumes about the strength of the city’s retail offer, and the confidence which retailers have in the city.”

To read more about the history of the brand, and the products available, interested parties can visit their company website at:-

www.millerharris.com