Carter Wassell Murdoch - Retail - Glasgow

Date: 14 Sep 1998

Lush Acquire A Flagship Scottish Store

Lush Retail Ltd, trading as Lush, the fresh handmade cosmetics company, have secured their second store in Glasgow at 111 Buchanan Street which will be their flagship store North of the Border.

The site which affords a prominent position on the corner of Gordon Street and Buchanan Street, opposite the new Royal Bank of Scotland Development and nearby Dune, Hobbs, Diesel and Laura Ashley, comprises a gross frontage of 19 ft (5.8 m), ground floor sales of 578 sq ft (53.7 sq m), first floor sales of 940 sq ft (87.4 sq m), first floor storage of 318 sq ft (29.5 sq m) and basement storage of 436 sq ft (40.5 sq m).

Lush Retail Ltd took a new 20 year full repairing and insuring lease, subject to 5 yearly upward only rent reviews, with a break clause on 28th November 2008, at a commencing rental of £140,000 p.a.x. and benefitted from a 3 month rent free period.

Winton Faith represented the landlord Tyne & Wear Pension Fund and Carter Wassell Murdoch advised the ingoing tenant,

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