Property consultants Alder King, acting on behalf of Union Estates Limited, have let 45 Union Street in Torquay to rapidly expanding fashion brand Select. The letting is the latest in a series of recent transactions on the town’s high street which have reduced the number of empty units in the town to its lowest level for five years and brought renewed vitality to the town centre.
Established in the early 1980’s, Select currently has over 150 stores across the UK and has a strong focus on opening more in prime locations. Select has taken the 5,037 sq ft Union Street premises on a new 10 year lease at a headline rent of £70,000 per annum.
Lee Southan, Commercial Agent in Alder King’s Exeter office, comments “Torquay’s retail centre has seen good take-up from national and regional occupiers over the past 12 months, helping to restore the vitality of the town’s shopping area.
“This unit with its large retail frontage is situated on a pedestrianised shopping thoroughfare in a prime position, with nearby occupiers including TSB, Primark, H&M, JD Sports and River Island as well as a host of quality local independent operators. Select has carried out an extensive shop fit of the unit to create an attractive addition to Torquay’s central shopping area.”