Retail Property News and Deals

Check out some of our recent news and deals...


Our Clients, the Co-Op, launched their new store at Middlewood Locks in Salford with a retail area of 2,896 sq.ft. and a Back of House of 1,273 sq.ft.  Their new store is based in a prime location situated in the heart of the Middlewood Locks development.  Their new store will serve a large community living in the apartments above and builders developing the area.

Assignment of La Vina Restaurant - Liverpool

Casual Dining Group, represented by Bradys, have assigned their lease of La Vina in Liverpool to Six by Nico for an undisclosed positive premium.
The premises provide ground floor sales of 3,616 sq.ft. (336 sq.m.) plus basement of 586 sq.ft. (54.4 sq.m.) and are held on a lease expiring February 2031 at a rent of £80,000 per annum.
This will be the 5th restaurant opened by Six by Nico who were represented by Hynes Illingworth.

Newcastle-Upon-Tyne - 34/40 Grey Street

Casual Dining Group have completed an assignment of the former Café Rouge at 34/40 Grey Street, Newcastle-Upon-Tyne to LFR Leisure Limited trading as Pizza Punks.
The premises are held on a 15 year lease from January 2013 at a rent of £80,000 per annum and comprises 2,220 sq.ft. ground floor and 1,600 sq.ft. at basement level.
This is the 3rd Pizza Punks outlet following the success of their restaurants in Belfast and Glasgow.
The Assignors were represented by Bradys and AT Retail.

LIVERPOOL - Unit 11-15, The Met Quarter

Bradys, acting on behalf of Kids Cavern Limited, have acquired Unit 11/15, The Met Quarter, Liverpool which extends to 15,212 sq.ft.  The premises have been taken by way of a 10 year lease.  
The Landlord, Metquarter Investments (Liverpool) Ltd were represented by Queensbury Real Estate

Manchester - New Lease to El Gato Negro

Bradys, acting for the operators of El Gato Negro, the highly successful King Street restaurant, have taken a new lease of the former Panama Hatty’s Restaurant at 43a Brown Street, Manchester.
The premises comprise basement restaurant of 5,916 sq.ft. (550 sq.m.) and sub-basement of 1,031 sq.ft. (96 sq.m.), and have been taken on a new 15 year lease at £80,000 per annum. 
The Landlords, Bruntwood, were represented by Metis Real Estate.

Liverpool - Assignment of PanAm - Albert Dock

Bradys, acting on behalf of Blackwater Bars Limited, have assigned the lease of PanAm on the Albert Dock to Incabrook Limited, the operators of Panama Hattys Restaurants.
The bar/restaurant, which provides a ground floor of 7,300 sq.ft. (678 sq.m.), first floor of 5,950 sq.ft. (553 sq.m.) and basement 1,527 sq.ft. (142 sq.m.), is held on a 35 year lease from June 2001 at a rent of £130,000 per annum. 
An undisclosed premium was achieved for the sale of the business.

Ormskirk - New Lease to Loungers

Bradys have let 22/24 Moor Street, Ormskirk, to Loungers on behalf of a private Landlord. 
The newly converted bar/restaurant, which trades as Nordico Lounge, comprises 2,200 sq.ft. (204 sq.m.) to both ground and first floors, has been taken on a new 15 year lease, subject to 5 year rent reviews at £57,500 per annum.
Insight Retail represented the Tenant.

Bradys were recognised by the Estates Gazette

Bradys were recognised by the Estates Gazette as being amongst the top three most active Retail Agents in the North West Region during 2013. The ranking was produced by monitoring the transactional activity undertaken by each Practice in the Retail Sector during the course of the year.