Phase II of The Merrion Centre Leeds Refurbishment Secures Three New Lettings
Town Centre Securities PLC, represented by Savills and Brassington Rowan, has let units 74, 76-78 and 80 Merrion Street Leeds, to Coral Racing Ltd, KFC and KRCS, the Apple Franchisee respectively.Coral Racing, has taken a store totalling 1,103 sq ft (102 sq m) and will pay £45,000 per annum. The bookmakers has agreed a new 10-year lease.
Chicken Cabins, the KFC Franchisee, has agreed a new 20-year lease on a unit totalling 2,258 sq ft (210 sq m). The fast food retailer will pay £70,000 per annum.
KRCS, the Apple Franchisee has taken a new 5 year lease on a store totalling 990 sq ft (92 sq m). KRCS will pay £46,000 per annum.
Units 74, 76 – 78 and 80 Merrion Street form part of the key piece of real estate on the Leeds inner city loop road which also includes The Merrion Centre and The Q Park Head Office at 72 Merrion Street. These properties are part of a redevelopment plan being undertaken by Town Centre Securities that will include new frontages, elevations, cladding and glazing.
Helen Beckett at Town Centre Securities, comments: ““We are looking to breathe life and presence back into this location by undertaking comprehensive improvements to the elevation and appearance to the building as well as introducing new national brand tenants. This project follows on from our successful façade enhancement project on Woodhouse Lane.â?
Steve Henderson, director at Savills, comments: “The further improvements to the Merrion Street frontage of the scheme and the pre-lets secured shows the Merrions strong ability to attract national retailers of a high calibre. The scheme continues to go from strength to strength as illustrated by these new lettings and the redevelopment.â?
Savills is currently marketing 66 Merrion Street a former night club and 1-3 Merrion Street seeking a restaurant / coffee shop operator.
Coral Racing and KRCS were represented in house. Chicken Cabins Ltd was represented by King Sturge.