DM Hall has let two retail units at Motherwell’s Brandon Parade shopping centre to Sassh Foods Ltd, trading as Pepe’s Piri Piri, and to Geek Retreat.
Acting on behalf of Promontoria Holding 146BV, DM Hall has concluded a new 15-year full repairing and insuring (FRI) lease at an annual rental of £28,500 on 95/97 Brandon Parade South, Motherwell with tenant break options and rent reviews at years five and ten.
Pepe’s Piri Piri, is a flame grilled chicken franchise that focuses on a “healthier” form of fast food. As well as the UK, it operates in the USA, Ireland and Pakistan. The first Pepe’s franchise launched here in 2004 and there are now 94 stores nationwide.
Acting for the same landlord DM Hall has concluded also the letting of 54 Brandon Parade East at an annual rental of £20,000 to Kirsty McLean, trading as Geek Retreat, on a 10-year FRI lease, with a tenant break option and rent review at year five.
Geek Retreat is an entertainment retailer, providing a comic bookstore, café and events hub all within one venue. Eight stores are already open and running, including one in Glasgow and another in Edinburgh.
Gavin Anderson an Associate in the Commercial Property department of DM Hall’s Glasgow North office who oversaw both transactions said “we are delighted to have secured both Pepe’s Piri Piri and Geek Retreat for Motherwell Shopping Centre.
“Both retailers offer something new and exciting that appeals particularly to families”.
DM Hall is joint letting agents for the Brandon Parade shopping centre, alongside Edinburgh House Estates, which acts also as asset manager for the centre.