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Retail News
A Midlands-based property consultancy has proved that reports of the death of the high street are premature after completing lettings to two companies.
FHP has secured the double letting in Daventry town centre on behalf of local landlord and established family business, BW Male & Sons.
The largest of the lettings has seen print services company, Rapido Print Solutions, agree a five-year lease on a 3,385 sq ft retail unit on 35 High Street, Daventry. The deal commits the company’s future to the town, where it has been based for almost twenty years.
Local start-up business, Smokey Joes Vapes Co is expanding from its Rugby base into a new 556 sq ft premises at 15 Market Square and has also agreed a five-year lease.
FHP says it is receiving “strong interest” in several other vacant retail properties in Daventry and believes that the spate of recent lettings demonstrates demand is still high for good quality town centre retail and leisure accommodation.
Ben Clinton of FHP said: “The town centre market was strong pre-pandemic and following Covid-19, it is certainly showing real signs of recovery now. BW Male & Sons is passionate about attracting occupiers to complement the existing offering and we’re seeing a real diversity in the types of businesses that are interested in coming to the town.
“Typically, our high streets have been dominated by takeaways and supermarket chains, but there are operators such as health clinics, yoga studios and veterinary surgeries appearing in the market. We are marketing several properties on behalf of the landlord in Daventry, including two former high street banks, which combined would make a great restaurant space next to the recently developed Arc Cinema.”
Christopher Male, Director at BW Male & Sons, said: “It’s so important to work with reliable partners like FHP who understand the local market and can identify the potential Daventry has as a location for ambitious businesses. We have maintained a presence in the town for many years and are keen to see the area thrive. We wish Rapido Print Solutions and Smokey Joes every success in their new premises.”
For more information about available properties in Daventry, please contact Ben Clinton on 07929 673 232 or email ben.clinton@fhp.co.uk
ENDS
Ben Clinton
Date: 26th September 2022