Reduced Rentals at Prime Lake District Destination

Posted on 3rd July 2009

With just two units left for rent at a prominent retail development in Bowness, owners have significantly reduced the rentals in the hope it will attract businesses to the scheme. Developed by Cumbrian-based Applethwaite, The Royal in Bowness previously received good initial interest from several national retailers and agents for the scheme Robert Pinkus & Co. are hoping that the new rentals will re-stimulate interest and encourage back prospective retailers that may have been hesitant to move in the current economic climate.

Claire Eccleston, Retail Surveyor at Robert Pinkus & Co. said, “We are hoping that it won’t be long before all the units are filled and the scheme is trading at full capacity, which will be a great boost for all the traders within the development and the wider town centre.

Bowness is a fantastic lakeside town which benefits from high visitor numbers throughout the year who come to enjoy the lake and its facilities. Given that Bowness is Cumbria’s most popular tourist destination and the two remaining retail units are situated within the award winning development right at the heart of the town centre, at significantly reduced rentals, this is a golden retail opportunity for someone looking to tap into the town’s lucrative tourist market.”

Currently trading at The Royal are retailers such as Tesco Express, Julian Graves, Costa Coffee, Mountain Warehouse and Diamond Bookmakers. Owners are looking for retailers that will complement the existing offer and will appeal to both a visitor and local clientele.

The two attractive ground floor lock up shops units are now available to lease at a reduced rental of £14,500, have been finished to a high standard and are ready to be fitted to the tenant’s individual requirements. Unit 6 & 7 offer prospective tenants 665 sq ft each and are available on a new full repairing and insuring lease on a flexible lease, terms to be agreed.

For more information on the units available at The Royal retail scheme, please contact Claire Eccleston on 01772 769000 or joint agent Margaret Bushnell at Cariget Cowan on 01228 544733.

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