Parsons Son & Basley are pleased to have just completed the letting of 41 Bond Street, Brighton.
The ground floor retail unit which measures 499.75 sq ft was let on a new 10 year FRI lease for £52,000 per annum with the ingoing tenant paying a premium of £25,000 to secure the property.
Richard Lowrey, Commercial Agency Manager of Parsons Son & Basley commented: “With the high volume of footfall within this location of Brighton it is very sought after amongst retailers, with several parties interested in the property we managed to secure a new lease for our client at the full asking rental with the added benefit of a premium being paid.”
Bond Street is one of the premier boutique retail positions within the North laines and with the high demand for units it appears rental growth will remain strong.
