In this market where there are increasing amounts of empty shops, you can often feel overwhelmed with choice.
One of the factors tha can help you to decide is to consider is if a retail parade has a complementary tenant mix that can boost your business rather than inhibit it. An example is where a landlord introduces a directly competing business near an existing tenant with the same permitted user clause – would you be content with fighting over the same customers?
Poor choice of location with unfavorable tenant mix can backfire. For example, with the rise of high street lettings to dark kitchens (delivery only restaurants), the frequency of delivery drivers can cause havoc for your customers. Or a parade full of banks can result in a parade of empty shops due to most of the major banks closing physical branches at a rapid pace. The new Use Class E also raises questions on how quickly a retail parade’s character could change.
While tenant mix is just one of the things to consider, if you are interested in discussing how to optimise your property search, book a free consultation today at www.Olawill.co.uk
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