Acting on behalf of the owners of Wembley Central, GCW has let the former Brighthouse unit to Swift Convenience Store. The opening of the brand’s first London store followed a successful trial in Newcastle and the concept is now being rolled out across the capital with stores in Hounslow and Archway also open for business.
GCW generated competitive interest in this unit from other convenience retailers and restaurant brands, but Swift were most closely aligned to the tenant mix strategy. Swift, which is owned by supermarket Iceland, offers a convenience store layout with a range of frozen and chilled food and fresh groceries, similar to Sainsbury’s Local and Tesco Express.
Swift has taken a 3,000 sq ft unit fronting the High Road, on a 10-year lease with a 5th year tenant break, at a rent of £90,000 pa exclusive.