Pallion Retail Park Archives - Ediston

Lease activity secures increases in passing rents for Pallion Retail Park

By | News
GO Outdoors signed an Agreement for Lease (AFL) on unit 2, which comprises 11,345 sq. ft., in June 2018.  The AFL was conditional on Ediston carrying out various repairs to the property.  These repairs were required following Ediston securing early possession of the unit from B&M following its relocation to larger premises on the park. The works have now been undertaken and a new 10-year lease with a five-year break clause has been completed.  The rent passing of £187,192 per annum is 20% higher than the rent paid by the previous tenant. This letting follows the lease renewal to The Wallpaper Warehouse which completed in December 2018.  The Wallpaper Warehouse has remained in unit four, which extends to c. 6,000
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