News

Salisbury, Plain Sailing

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Acting on behalf of Joules, Robert Bebington & Company have secured an upsize of their premises in Salisbury, taking a double shop unit extending to 1,750 sq ft of ground floor sales, within New Canal, adjacent to the Mall Shopping Centre at a rental of £60,000 per annum, together with a substantial package of incentives.

Coincidentally, Joules have disposed of their surplus unit in Silver Street for a small premium, this extending to 1,000 sq ft of ground floor sales (plus ancillary space), at a similar level of rent, with the incoming purchaser being Sea Salt Ltd.

Robert Bebington says this is part of Joules process of upgrading and enhancing the unit size within the portfolio of this popular fashion retailer.

 

Hampton Courts Costa

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Acting on behalf of private investors, Robert Bebington & Company have let a unit of about 800 sq ft in Hampton Hill for 10 years to a franchisee of Costa Coffee who are taking their second unit in this south west London suburb and are paying a rent in excess of the asking in order to position themselves next to Tesco Express.

 

Robert Bebington sees this as a reflection of the bustling suburban setting in this “leafy” part of south west London.

Double Vision for Ollie Quinn

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Representing trendy optician group Ollie Quinn, Robert Bebington & Company have secured new retail premises in prime locations in both Putney High Street and at 72 Briggate, Leeds. In Putney Ollie Quinn have taken an assignment from GNC Health Foods on a lease very close to the station and in prime Leeds have secured a new letting.  The total rent roll in respect of these properties is over £160,000 per annum.

Robert Bebington has launched a requirement list for other Ollie Quinn outlets and is very happy to discuss similar opportunities at around 750 sq ft of retail space, plus ancillary.

 

Joules Squarely in the Market

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The first transaction that Robert Bebington & Company undertook for Joules Ltd was in Marlborough 10 years ago and a decade later, coincidental with the lease expiry, new larger premises have been secured opposite at 8 High Street, Market Square, this being a surplus Viyella and roughly 3 times the size. Joules have also relocated to again upsize premises to 14 High Street, Stamford, doubling up taking over the Country Casuals premises at combined rents of approaching £150,000 per annum.

 

Robert Bebington acting for Joules throughout and says this is typical of the expansion of the brand in their heartland territory.

Shelter Safely in Barnes Village

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Acting on behalf of a private investor Robert Bebington & Company let arguably the best located shop unit within Barnes Village following the departure of Phase Eight, with the new tenant being Shelter Boutique, taking on a new 10 year lease at a rental in excess of £40,000 per annum for roughly 1,000 sq ft of sales at ground floor.

For further information contact Robert Bebington.

Chichester Festival of Speed

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On behalf of local investors Robert Bebington & Company have recently secured lettings on 3 prominent refurbished retail units in East Street and South Street, Chichester, to regional and national multiples, demonstrating both local knowledge and also the strength of this retail market. Lettings to Turners Pies, Kamsons Chemist and Crew Clothing Company Ltd were achieved at combined rentals of £160,000 per annum, each with modest rent free arrangements.

For further information about Chichester please contact Robert Bebington.

 

Dramatic Uplift in Raynes Park

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Acting on behalf of landlord client Parham Development Ltd, Robert Bebington & Company have successfully advised upon a rent review on the convenience store at the heart of Raynes Park, being the Co-operative, and over a 5 year review period secured a 75% uplift in rent to a figure of £114,000 per annum with effect from September 2015 and settled by negotiation. The investor was delighted with the dramatic uplift.

For further information regarding professional services contact Robert Bebington.

 

Safe Bet on Jennings

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On behalf of multiple bookmakers Jenningsbet, Robert Bebington & Company has successfully resolved a series of rent reviews and lease renewals by negotiation, these being in their heartland area of east London including units in Waltham Cross, Walthamstow, Bethnal Green, Lewisham, Blackheath, etc.

For further information about professional services contact Robert Bebington.

 

Joules takes AIM

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Joules Ltd, the country clothing multiple, continue their expansion to over 100 units nationwide as they float on the junior stock market (AIM) and Robert Bebington & Company have successfully negotiated acquisitions on their behalf in prime locations in Woodbridge, Barnstaple (2 units) and Ludlow, taking over surplus premises offered by the departure of the Co-op Bank, Nationwide, Hinds and Shoe Zone respectively, with total rentals in excess of £150,000 per annum.

For further information about Joules contact Robert Bebington.

Wood Green in the Bag

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On behalf of luggage client Charlotte Reid Retail, advised by Robert Bebington & Company, a unit has been taken in the prime retail part of High Road at a rent of £70,000 per annum, on a 10 year lease with a tenant only break at the midpoint, being a lock-up shop of 900 sq ft comprised within a new development project by Town Centre Securities.

For more information please contact Robert Bebington.