Author: [email protected]

AS Retail are excited to announce that Cards Direct have expanded again and have opened another store, this time at The Kingfisher Centre in Redditch.

The unit sits on prime Evesham Walk, opposite New Look and Superdrug, with c. 2,000 sq ft of great retail space plus storage.  Cards Direct are an independent greetings card retailer with a great selection of quality cards, roll wrap, gifts plus other similar product lines at competitive prices.  Please visit their website here for further information: www.cardsdirect.co.uk.

Andrew Shepherd, Director of AS Retail commented “We are delighted to have advised Cards Direct on this store acquisition and they will be a great addition to the centre, especially with Christmas just around the corner.  Cards Direct have acquired six stores in the last year and are still looking to grow throughout next and beyond”

If you any anything suitable for Cards Direct, please do not hesitate to contact @Andrew Shepherd with the details.

AS Retail advised Cards Direct on the deal and Jamieson Mills Property advised the landlord.

Due to abortive negotiations AS Retail are instructed to bring 156-157 Tottenham Court Road back to the market on the basis of a lease assignment or sub-lease. We do not have consent for catering – it needs to be retail or banking use only.

The property was formerly occupied by Loft Living and sits adjacent to the BoConcept flagship showroom and close to Camerich, Calligaris, Futon Company, West Elm, Natuzzi and Heals.  Other retail and catering brands in close proximity are Leon, Itsu, Pret and Franco Manca.

Area: 2,517 sq ft (235 sq m)
Lease: Held on a lease expiring Dec 2028 at £245,000 pax with security of tenure. An ex-act sub-lease would be considered.
Service Charge: Approx. £5,100
RV: £174,000

We look forward to hearing whether this might be of interest to your clients and, for further information, please contact Andrew Shepherd.

 

AS Retail have been asked to assist with the roll-out of Dragon Hot Pot, an exciting new QSR entry to the UK market. Backed by the ST Group, a major Australian catering company who brought Gong Cha Bubble Tea to the UK, the brand has expanded throughout Australia and into Indonesia and are now looking to make its debut in Europe.

Please see the core requirements below and click here for Dragon Hot Pot’s website:- https://lnkd.in/gj4vMDcx

Locations:-
London Stations / Central and Greater London High Streets
Food Courts / Shopping Centres
In close proximity to Universities

Size: 1,500 – 2,000 sq ft
Preferably single level
E Class Restaurant or Sui Generis takeaway use
Former Food Outlets preferred
Gas and Extraction required

For further information please contact Georgina Massey at AS Retail.

AS Retail are delighted to announce that Liberto Lounge opened its doors at the fantastic Magna Square development in Egham yesterday.  The restaurant totals approx. 3,300 sq ft with external seating and has an extended frontage to the traffic free boulevard of approximately 85ft (26m). It sits adjacent to the shortly to open four screen Everyman Cinema and opposite Unit B1 which remains available to lease.

Loungers, and their sister brand Cosy Club, have over 160 restaurants nationwide with each of the restaurants has a homely and relaxing environment, wholesome comfort food and an affordable all-day menu, catering for locals and visitors alike.

Andrew Shepherd, Director at AS Retail commented “The fit-out at Liberto Lounge is superb and we are thrilled that they have chosen to lead the catering offer at Magna Square which is now open to the public. Two more transactions are progressing for Summer openings but we have two units, being B1 at 3,300 sq ft facing Loungers and A1B at 2,000 sq ft fronting the High Street, available to let for immediate occupation.”

Please contact Andrew Shepherd for further information.

AS Retail acted for the landlord in the letting with Space Retail Property Consultants advising the tenant.

Acting on behalf of a private landlord client, AS Retail have successfully concluded a complex lease renewal with Pizza Express at 39 High Street, East Grinstead.

The building is arranged as a ground floor restaurant with rear extension to provide additional seating, supplementary external seating area, self-contained upper parts and parking spaces to the rear.

As a team we have provided ongoing advice to our client since 2019 when were first instructed to assist them. As well as working through complex lease and valuation matters revolving around the age of the previous lease, the duration since certain tenant’s improvements were made and a lack of direct comparable evidence, we’ve also had to navigate both the tenant’s CVA and of course the Covid pandemic during the period of instruction.

We are delighted therefore that Pizza Express have been secured for a new 15 year lease on the whole building at a rental 15% higher than the previously passing figure.

Please contact us should you require any additional information on this instruction.

AS Retail have been instructed to let the former HSBC Bank in Golders Green.  Designed in 1913 by T B Whinney for the London, City and Midland Bank, this stunning Grade II listed building, with its distinctive curved entrance façade built in rustic Portland stone, occupies the prominent corner site of Golders Green Road and Finchley Road in this bustling neighbourhood.

The property sits directly opposite Golders Green Underground station (Northern Line) and the Finchley Road Bus station at the intersection of Finchley Road and Golders Green Road. Virgin Money is immediately adjacent to the property and other occupiers close by include Nationwide, Costa, Starbucks, Caffé Nero and NatWest Bank.

We look forward to hearing whether this might be of interest to your clients and, for further information and costs, please contact Andrew Shepherd at AS Retail.

We are absolutely thrilled to announce the opening of the new, stunning Ivy Asia restaurant in Tunsgate Quarter, Guildford.

This restaurant, arranged over two levels with fabulous views over Guildford Castle, is situated on the prominent corner of Tunsgate and Castle Street, adjacent to their existing 9,800 sq ft restaurant which has been a huge success since opening in 2017.

Upon entering the venue, the breath-taking interior stands out with its pink and green semi-precious stone floors, sweeping staircase to the main restaurant level and, standing in the centre of the room is an amazing ornamental cherry blossom tree which hangs over part of the seating area.  It is a wonderful space to relax and enjoy the Asian, mouth-watering culinary delights on offer.

With award winning Gail’s, Cosy Club and Pho adding to the restaurant offer, Tunsgate Quarter also offers a premium selection of retail outlets which include Oka, Loaf, The White Company, Nespresso, Seasalt and Bobbi Brown.  We do have opportunities to join the line-up and please contact either Andrew Shepherd or Tim Butterfield for further information.

 

AS Retail are excited to announce that last week our clients, Gong Cha, opened its latest outlet in the Royal Borough of Greenwich. The unit totals 1,400 sq ft and sits adjacent to Tesco Express on Creek Road, close to the eclectic covered market and Cutty Sark DLR Station.

Gong Cha are also scheduled to open their next site in Nottingham shortly – situated as part of Exchange Arcade the unit is duel fronted facing Primark and the busy pitch of Long Row, close to prime Clumber Street. Our clients are also about to begin fitting out their third store of the year in Leeds where they have acquired the former Caffe Nero on Merrion Street, being the prominent unit at the entrance to The Merrion Centre.

Gong Cha was founded in 2006 and they are today one of the most recognised bubble tea operators in the world with over 1,500 stores globally.

Andrew Shepherd, director at AS Retail commented “Greenwich is a fantastic and busy location for Gong Cha attracting a wide range of locals, visitors and tourists alike.  We are delighted to have also secured sites for our clients in Nottingham and Leeds. Watch this space for more details!”

AS Retail advised Gong Cha on all three acquisitions. Lewis Craig acted for the landlord of Greenwich, Box Property acted for the landlord in Nottingham and Savills acted for the landlord of the Leeds site.

We are excited to announce that the newly improved Budgens is welcomed back to Egham and is the first store to opens its doors in the beautiful, mixed-use development scheme at Magna Square.

The unit, totalling 3,400 sq ft of space over ground floor only, sits on a prominent corner on High Street and Station Road North, linking to the main boulevard of the development.  Trading 24/7, it will be a great addition to the town and frames the entrance to Magna Square.

Three of the remaining four spaces are now under offer with only one restaurant unit now remaining – it is a superb space of 3,300 sq ft, with three sides of frontage, pavement seating (subject to licence) and sits directly opposite the new four screen Everyman Cinema.

Andrew Shepherd, Director at AS Retail commented “The opening of this fantastic, brand new Budgens store in Magna Square Egham is a great achievement and, with announcements being made very soon of other new commercial tenants who will be joining the line-up, these are very exciting times ahead for this town.”

If you would like further information on the last unit available please contact Andrew Shepherd or Tim Butterfield.

We are delighted to welcome Hugo Mackichan to the AS Retail team.

Hugo joins from Rendall & Rittner having completed the undergraduate Real Estate course at Oxford Brookes University in Summer 2021.  He will be working alongside Andrew and Tim in assisting them to deliver our continued high-quality service to our clients across our portfolio.

Hugo will be primarily working with our occupational clients in their exciting acquisition programmes and asset managing their estates.  Specifically he will be working with Jetts Fitness, Cards Direct, Gong Cha, Traid and BoConcept.

Andrew Shepherd, Director at AS Retail commented “We are pleased to welcome Hugo to AS Retail.  He has great enthusiasm and will quickly become an essential member of our team.”