Carter Wassell Murdoch - Retail - London WC2

Date: 14 Sep 1998

L K Bennett Secures Their Biggest Store

L K Bennett, the 10 branch quality footwear and clothing retailer. has recently acquired a large unit in Covent Garden.

The property which was formerly occupied by Carli Gry is located at 130 Long Acre and comprises a frontage of 40 ft 4 ins (12.3 m), ground floor sales of 1,230 sq ft (114.3 sq m) and basement storage of 970 sq ft (90 sq m),

The property is held on a lease for a term of 25 years from 25th June 1981, subject to 5 yearly rent reviews, at a current rent of £212,500 p.a.x.

A substantial positive premium was paid for the benefft of this leasehold interest

This acquisition was hot on the heels of a recent purchase of the former Our Price unit in the Brent Cross Shopping centre where a rental of £215,000 p.a.x. was paid for a new lease on Unit B3 which comprises 1,213 sq ft (112.7 sq m).

Ashley Phillips represented Carli Gry, Lunson Mitchenall represented Hammerson on Brent Cross and Carter Wassell Murdoch are retained surveyors for L K Bennett.

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