London, 2017-Nov-22 — /EPR Retail News/ — A well-manicured local shopping parade in Alvaston, Derbyshire, is fully let for the first time in its history – demonstrating that confidence in the retail market is increasingly buoyant.
The parade of eight shops on London Road, which is anchored by a Co-op supermarket, has signed up Lucy Nails, a local independent business, on a 10-year lease for a 660 sq ft retail unit.
The letting follows a run of new tenants moving to the parade in the past 18 months, including Card Factory, Wokaholic and Mrs B’s Café.
Steve Pell, retail asset manager for LCP, said the prominent location and vibrant community had helped to attract new tenants.
“It’s great news for the local community that this parade is now fully let because it demonstrates that there is a renewed appetite for entrepreneurs to take the plunge and open their own business,” he said.
“As a company we’ve focused on acquiring local convenience parades and investing in them and this approach is enriching local areas across the country because they are benefitting from better facilities on their doorsteps.”
Darran Severn, of FHP Property Consultants, which was appointed to market the parade on behalf of LCP, said: “We have seen a great turnaround in Alvaston. Going back 12 months there were three vacancies with the possibility of another on the horizon. The parade now comprises a good mixture of national and local businesses.”