Elephant & Castle, London- secured new tenant on this retail development for a private landlord client
We received instructions from a private landlord client to secure a new tenant on a mixed use development at 35 St George’s Road in Elephant and Castle, London SE1. This was a challenging unit to market as it was off prime retail pitch however it benefitted from having existing A3 (restaurant) use.
- We advised our client on a marketing campaign to cover both A3 (restaurant) and A2 (estate agent) operators.
- Following a focused marketing campaign we secured offers from a restaurant operator and a local estate agent.
A local firm of estate agents, Global House Estates, took a new 10 year lease at rent of £24,000 per annum relocating from their existing premises nearby. A rent free period was granted to cover the cost of a high quality fit out on a unit in shell condition. Global House Estates opened for trade in February 2015.