Winchester shops in demand

October 11th, 2012 Category: Building Management

Statistics on the UK's commercial property market have been pretty gloomy in the last few years, to say the least.

In fact, it seems that while London is doing very well, everywhere else is grinding to a halt. But the national figures don't tell the whole story and there are always a few interesting regional variations to be found, if you know where to look.

For instance, London Clancy has just revealed that demand for retail space in Winchester has been strong in the last few months, the Hampshire Chronicle reports.

Jim Sawyer, spokesman for the company, identified the recent letting of a ground floor shop unit to Bodega as a good example of how shop space is being snapped up.

The property in Parchment Street had previously been occupied by People Like Us, but Bodega has now signed a ten-year lease for the 484 square foot unit, with a view to turning it into an Italian delicatessen.

As a result, the task for anyone providing cleaning services at the building looks set to be quite different from now on, given the fact it was previously a soft furnishings store.

Jo Keene, a letting agent at London Clancy, added that the recent letting of a vacant retail space to Chinatown Supermarkets also demonstrates the strength of the market at the moment.

Indeed, she said this deal represents "a vote of confidence in Winchester and followed a good deal of interest in the property since it became vacant in February this year".

Chinatown Supermarkets has signed a ten-year lease and will pay £30,000 a year in rent for the space, which had previously been occupied by fancy dress store Just for Fun.

Winchester seems to be a sign that while the country as a whole may be struggling to get out of this double-dip recession, a quick look beneath the surface will show there are still strong and successful markets that appear to be on the up.