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VOGUE RETAILERS CEX LEASE BARBERRY PROPERTY IN CHELTENHAM
By Barques | December 22, 2008
Computer software retailers Complete Entertainment Exchange (CEX) has agreed a ten-year lease for a new retail outlet within a former Lloyds TSB bank at 23 Pittville Street, off high street, Cheltenham. The lease signed with developers Barberry is for 4,700 sq ft on the ground floor. The building is also occupied on the first and second floors by Ladytone, a boutique ladies gym, and will realise Barberry a rental income of £91,000 per annum and end value of £1.25 million.
CEX, founded in 1992, this is their 75th high street store worldwide, in the UK, United States and Spain. CEX buy, sell and exchange a focused yet complementary range of hardware and software products that include video games, DVDs, mobile phones, computers, digital electronics and music.
The letting is just one month after Barberry’s purchase of the property and enabled Barberry to conduct a bespoke strip out of the property to enable CEX to install their own high standard fit out.
Henry Bellfield of Barberry said,
“We have turned round the purchase and letting of the building in a very short space of time. We had identified CEX as a possible tenant and sought to work with their aims prior to completing the purchase which included the need to be open and trading in good time for Christmas.”
Agents for CEX were Ewan Cameron with Wright Silverwood acting on behalf of Barberry.
Topics: News, Retail and Leisure |