Pooks Commercial Property Consultants of Shrewsbury, in an interim commentary on the Shrewsbury retail market, consider that local and smaller traders have the best opportunity for many years to secure town centre shop units on favourable terms.
With the opening of the new Theatre Severn, refurbishment of the Music Hall and generally improving public transport links, the town is better placed than many to attract shoppers and tourists, despite the poorer trading climate.
Charles Howell of Pooks said "Now is the time for local retailers to secure space amongst the national concerns as landlords are prepared to be flexible over leasing arrangements and covenant strength. Areas such as Shoplatch, Claremont Street and Mardol offer opportunities to trade amongst Lakeland, Argos, Blacks, Timpsons, Nationwide, Quench and other national names".
Locations such as these could be of interest to specialist local retailers or smaller groups looking for representation in the town. Equally, existing retailers may wish to move to a better trading position. Typically, Pooks have 26 Claremont Street [photo] available at a rent of £22,000 pa, with other space available at 18/19 Shoplatch, having a sales area of 1,850 sq ft and 75 Mardol, which has a useful additional sales area at first floor level. 14 Shoplatch has a wide display frontage within the very prominent Theatre Royal Building.
For further information contact:
Charles Howell, Partner at Pooks Commercial Property Consultants on 01743 276633.
26 Claremont Hill
Shrewsbury
SY1 1RE
Email: cth@pooks.co.uk