MANSFIELD RETAIL MARKET SEES GROWING DEMAND

Retail News

FHP are seeing increasing strength in the Mansfield retail market, having completed a lease acting on behalf of Aqua Infrastructure Ltd to relocate greetings card retailer, Cardzone, into the main shopping district to 30-30a West Gate, after receiving 5 offers upon initial marketing.

Having formerly been positioned further along West Gate outside of the most frequented shopping areas, Cardzone sought to relocate within Mansfield to a unit of greater prominence on the high street to reap the benefits of the increasing shopping activity. The 1,130ft² unit is located on Mansfield’s central high street opposite the Four Seasons Shopping centre, neighbouring operators such as Marks and Spencer and Costa.

Matt Revill who concluded the letting comments:

“Having been put under offer within one month from initial marketing, the quick take up of this unit reflects the high demand coming from retailers who are looking to expand within the area. We received 5 offers from national and local operators, with Cardzone showing great covenant strength, so it seemed clear that they were the best choice for our clients.

The fact that a national operator has chosen to relocate into a unit within the same high street instead of the surrounding shopping centres reflects the growing popularity of Mansfield and the continuing confidence in the high street.”

Acting on behalf of Aqua Infrastructure Ltd, FHP have agreed a 5 year lease, negotiating rent free incentives to achieve the asking rent.

For more information about our retail units in Mansfield, please contact Matt Revill on matt@fhp.co.uk or 0115 841 122