Costa Coffee has announced it will be opening two new outlets in south Wales.
The popular coffee chain has agreed two ten year leases for 50/52 Albany Road in Cardiff and 67 John Street in Porthcawl for £30,000 per annum per store.
Both stores will create a combined 28 jobs for the local community.
The 2,000 sq ft unit located on Albany Road will be opening in early August and will have the capacity for 81 seats. The 1,800 sq ft unit on John Street in Porthcawl will be open from the end of July and will have space for 87 seats.
Retail & Leisure property specialist EJ Hales acted jointly with Cooke & Arkwright for private investors on the Cardiff unit. EJ Hales also acted for landlord Callowgate Limited for the unit in Porthcawl.
Philip Gwyther, partner at EJ Hales, said: “Both locations are in highly populated areas for shoppers and residents which will, no doubt, mean Costa Coffee will perform well in both areas. It’s great to see national chains continuing to invest in Wales and follows on from our letting to Costa for its first drive-thru in Wales in Swansea.”
Rob Palmer, associate in the retail team at Savills, comments: “Costa continues to go from strength to strength and we are pleased to be supporting the chain’s ongoing expansion. The new store on Albany Road is well placed to at the heart of this popular residential suburb.”
Alex Kalebic of Cooke & Arkwright, said: “Albany Road is a hub for shoppers and due to Costa’s trusted brand, we think it will be very successful. We enjoyed working alongside EJ Hales on securing the deal.”
EJ Hales has been at the forefront of the South Wales commercial property market for over 80 years. The practice specialises in retail and leisure property, both in town centre and out of centre locations and advises on some of the largest developments in South Wales. Clients include Tesco, Next, Argos, Subway, Specsavers, UBS, M & G Real Estate and Aberdeen Asset management. & Mansford.