Our client’s shop at 386 Bowes Road, Arnos Grove had been occupied by a specialist chair centre for 50 years. The well-earned retirement of the leaseholder led to a focussed marketing campaign for re-letting.
The shop was re-let to a British franchise of a successful Spanish discount supermarket chain. While the franchise expanded rapidly, structural changes, led to the closure of the business and liquidators disclaimed the lease.
These circumstances are all part of the turbulent High Street retail market that Day and Bell embrace every day. While we had lost a tenant, we received a newly refurbished and fully fitted convenience store. A finance company ultimately withdrew their claim on the fridges, freezers and other fittings; leaving us free to commence marketing to another convenience or food operator.
We recently completed the lease with Sedaakis Limited – an established German wholesale delicatessen business in Nuremberg, Germany. The team at Sedaakis have clear plans to roll out their retail brand in the UK and we’re delighted to play a part in their development.
Sedaakis are rebranding and completing alterations and we hope to see a tasty array of deli products in November 2019. Sedaakis Prducts