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News

A Sweet Deal in London Road

Wednesday, February 17, 2021 By Administrator Systems

Graves Jenkins Brighton office have leased a former Maplin’s Electronics outlet in London Road Brighton to Kaspas Desserts, self-described as ‘the king of desserts’.

The double fronted unit, close to Preston Circus, has been empty since the electronics giant went into Administration in 2018. The owners of the building, property investment company Reefsouth Limited, redeveloped the upper parts into residential accommodation and created a new ground floor retail unit of 2,600 sq ft of virtual open plan trading area. Kaspas will now undertake a major renovation of the space to create an exclusive dining experience of both hot and cold desserts.

Robert Hales, of retained agent ej hales commented for Kaspas, “Despite the pandemic we have continued our cautious expansion, and on the South coast alone have recently opened stores at Poole, Horsham and Fareham, with a further opening soon at Southampton. We are delighted to have secured a strong site in Brighton having been looking for several years for the right site.

Letting agent Phil Graves added, “despite the Covid world we are now experiencing, we received multiple interest in this unit and managed to achieve the full asking rent. Major high street retail is obviously suffering at the moment, but there seems to be a constant demand for good secondary outlets, and I can see certain areas of the city continuing a resurgence of activity once lockdown restrictions recede”.

GJ were seeking £40,000pa based on a new long-term lease for the premises.