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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.”

 

Best wishes for a Happy and Healthy 2022 from all at AS Retail.

AS Retail are thrilled to announce that regional Brazilian restaurant, Terra Brazil, have opened their second UK restaurant in 2,750 sq ft of space in Addlestone One.  The restaurant sits in The Lane adjacent to Esquires, The Light Cinema and in close proximity to Nandos, Smith & Western, Mooboo, Boots Opticians, Holland & Barrett and Anytime Fitness.  The development also provides a Premier Inn and Waitrose plus over 200 dwellings, 370 plus dedicated car parking spaces and the Local Council offices.

Andrew Shepherd, Director at AS Retail commented “We are very excited to see this restaurant opening here which enhances the critical mass of catering and leisure offer in this corner of Surrey, adding a further draw to Addlestone One. We are progressing two other lettings with announcements in the New Year but still have a couple of catering or leisure units remaining on The Lane and a retail showroom on Station Road.”

If this scheme is of further interest to your clients, please do not hesitate to contact Andrew Shepherd or Tim Butterfield to discuss further availability.

AS Retail have been appointed to let a fully-fitted café which sits on the ground floor of the ten-storey Metro Building in Hammersmith.  With its prominent location the Metro provides 110,000 sq ft of contemporary and vibrant office space, containing a mixture of co-working and private offices and a host of amenities.  To the rear of the ground floor there is easy access to an attractive landscaped area with outdoor seating.

Rent on application; flexible terms will be considered.

Ellie Oldershaw, Associate Director at AS Retail commented “This is a great opportunity to take on a smart, fitted café in a strong location.  We’re happy to discuss flexible terms for the right operator.”

For further information please contact Ellie Oldershaw or Tim Butterfield.