Wirral Gym deal secured by BOX
Acting on behalf of a private Landlord, Box Property have let the former JJB sports on Grange Road, Birkenhead to National gym operator, Fitness 4 Less. The new state of the art 14,000 sq ft Gym letting follows on from a 2,500 sq ft retail letting within the same parade to Polka Dot Travel. Both of which have been secured on long term leases at competitive terms.
Frankie Labbate commented: “We took on this block which was home to TK Maxx, Barclays and New Look. There were still large voids totalling circa 30,000 sq ft of retail across 3 retail units. The former JJB sports had been vacant for over 7 years which is too long for a unit of such mass on what has historically been a solid retail pitch.”
“Box are proud to have secured a national operator for such a prominent unit within the town’s main retail parade capitalising on the momentum built on the back of our letting to Polka Dot travel who were secured at the start of the year. The final remaining unit which formerly traded as JD sports (circa 10,000 sq. ft) has also has been vacant for many years but is now also under offer to a national operator which should complete a clean sweep of lettings, bringing the block back to full occupancy.
In addition, 59 residential units will now form part of the plan to regenerate the vacant office space above the ground floor retail.
Box were bought in to deliver lettings to national operators on market terms which has successfully been delivered on this scheme. If other landlords are looking for help either disposing of/acquiring multi let freeholds or letting retail and leisure units nationwide please do not hesitate to contact us.