Secondary retail holding up well says St Albans agent
- Credit: Archant
The high street in general may be taking a bit of a battering at present, but one local agent insists that secondary retail is holding up well in St Albans and Harpenden.
Areas off the main shopping strips, including Holywell Hill in St Albans, are doing fine according to Matthew Bowen of Aitchison Raffety, despite the current handful of empty units.
He said: “Whilst undoubtedly some restaurant chains and the larger multiple retailers in the prime locations have found trading tough, any units which have become available have received significant interest levels and deals are being achieved quickly.
“A good example is Holywell Hill which is normally a good barometer of the market and in the last six months we have had three units which have come on to let and one for sale.
“Two have already let, one sold at record levels and the other unit is under offer.”
Matthew added that a retail unit on London Road has received more than 10 offers since Aitchison Raffety started marketing it, and a unit on Victoria Street was let before it was put on the market.
“This is important for the viability of the retail centres,” he said.
- 1 Suspected loan sharks arrested in Hemel Hempstead
- 2 Meet the artist behind The Queen's Platinum Jubilee mural in St Albans
- 3 St Albans shop showcasing small independents by renting out shelves
- 4 Building company resurfaces bridleway to provide safe route for riders and walkers
- 5 See inside this loft style apartment in a former hat factory
- 6 Train timetable shakeup due in St Albans and Watford from May 15
- 7 Foodies queue to try street food sourced, cooked and served in Herts
- 8 MoonWalk success for the St Albans cancer survivor and her Belgian Buns
- 9 Company of Ten's A Bunch of Amateurs production 'milks the comedy for all its worth' at the Abbey Theatre
- 10 Woman found in canal near M25 in Hertfordshire
“Vacancy rates are around 3 per cent out of the prime areas of Harpenden and St Albans.
“This is encouraging and shows whilst there is negative news, it doesn’t seem to be affecting the local area. Long may this continue!”