Azendi returns to York with new central premises letting

Lynsey Cooke, chief executive of Azendi and York Minster's Chapter Steward, Rebecca Thompson
Published on: 14th September 2016

We have recently let a property to unique British jewellery brand, Azendi, on behalf of the Chapter of York.

Following its sale to A to Z Investments Limited, Azendi is set to return to York to occupy 50 Low Petergate on a five year lease, taking retail space comprising 774 sq ft. The premises provide excellent ground floor sales accommodation along with basement storage.

The unique jewellery brand, which provides in-house designed and created sterling silver and gold vermeil collections, has added to its 54 existing stores and concessions across the UK with this latest letting. The property is located on one of York’s premier shopping streets, close to York Minster and is Grade II listed.

York Minster’s Chapter Steward, Rebecca Thompson, said: “Azendi is a wonderful addition to York and we are delighted to welcome it back to the city. I am looking forward to it becoming an established part of our retail community with the help of Sanderson Weatherall.”

Last year, we were appointed on a five year contract to manage all of York Minster’s commercial and residential property holdings and provide a comprehensive range of property management services.

Peter Heron, partner in our retail agency team, said: “Azendi is a fantastic business that will be a quality addition to the location of the letting. We are confident that its position on Low Petergate will be extremely beneficial to its success with both local residents and tourists.”

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Retail Agency

Our principal retail agency services include: Shopping Centre, High Street and Out of Town Retail Consultancy Disposals Acquisitions Innovative Marketing Solutions Development Appraisal Monitoring of retail requirements and trends Strategic Asset Management Strategy and Investment Funding   Our client base is spread across a wide spectrum of retailers, developers, investors and retail property owners and occupiers. With an established team of experienced focussed professionals our offices cover the whole of England and Wales and the Scottish Borders. We have an enviable reputation in the market amongst our clients and competitors alike. Each and every one of our clients is very important to us. We strive to work in partnership with our client to achieve the best possible results. To understand our client’s business and objectives is of huge significance and importance to us. Our appreciation of local market conditions and national retail trends helps us to achieve the best possible solutions to our client’s property issues. We are committed to achieving an innovative and multi faceted approach to our marketing of client’s retail property utilising both technology in all its complex forms and personal and direct communication with potential targets. We understand retailers and retail property.

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Our principal retail agency services include:

  • Shopping Centre, High Street and Out of Town Retail Consultancy
  • Disposals
  • Acquisitions
  • Innovative Marketing Solutions
  • Development Appraisal
  • Monitoring of retail requirements and trends
  • Strategic Asset Management Strategy and Investment Funding

 

Our client base is spread across a wide spectrum of retailers, developers, investors and retail property owners and occupiers.

With an established team of experienced focussed professionals our offices cover the whole of England and Wales and the Scottish Borders.

We have an enviable reputation in the market amongst our clients and competitors alike.

Each and every one of our clients is very important to us. We strive to work in partnership with our client to achieve the best possible results. To understand our client’s business and objectives is of huge significance and importance to us.

Our appreciation of local market conditions and national retail trends helps us to achieve the best possible solutions to our client’s property issues.

We are committed to achieving an innovative and multi faceted approach to our marketing of client’s retail property utilising both technology in all its complex forms and personal and direct communication with potential targets.

We understand retailers and retail property.

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October property deals update

Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

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Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

[fulltext] =>

We were particularly active in Yorkshire last quarter with a 25,000 sq ft industrial site sold in Bradford to steel fabrication specialist, Bradfabs. In addition, we have welcomed British jewellery brand, Azendi back to York City Centre on a five-year lease in a 774 sq ft. retail space.

Acting on behalf of the Diocese of Leeds, we sold a vacant development site to Leeds Mencap, an independent local charity that supports children and adults with learning disabilities. We have also helped find a new owner for Belle Vue Stadium, the 120-year-old home of Wakefield Trinity Wildcats, following several months of strong interest.

On the other side of the Pennines, we were involved in a number of deals; our agency team in Manchester successfully completed the letting of a recently vacated 29,871sq ft. property at Wigan’s Haslemere Industrial Estate.

In the North East we have a number of new instructions including office accommodation in Kingfisher House, Stockton on Tees and a number of quirky spaces available at Hoults Yard. We are also expecting strong interest for the former Arriva bus depot in Jesmond, a large development site in a prime location.

We are happy to confirm that popular Newcastle pizza restaurant, The Herb Garden will open its second venue at Royal Quays Marina (pictured), an area considered by many to be the North East’s finest boating location.

Yogaworks London benefited from a trio of our property services as we assisted them in opening their first yoga studio at a 3,947 sq ft. property in Wandsworth London. In London, we are also pleased to have advised Japanese retailer, Daikokuya on the acquisition of its first UK store on Bond Street.

In Bristol, we have two large former waste processing plants for sale in Exeter and Frome respectively. Our specialist leisure division has seen strong demand for holiday and caravan parks continue and you can find their recent portfolio of deals and available sites here.

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York Minster appoint Sanderson Weatherall to manage property investment estate

We have been appointed by the Chapter of York to manage the entire property investment portfolio of York Minster.  We will manage all of York Minster’s commercial and residential property holdings and provide a comprehensive range of property management services. The appointment is for a term of five years and commenced in January 2015.

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We have been appointed by the Chapter of York to manage the entire property investment portfolio of York Minster. 

We will manage all of York Minster’s commercial and residential property holdings and provide a comprehensive range of property management services. The appointment is for a term of five years and commenced in January 2015.

[fulltext] =>

The Minster’s portfolio includes around 35 residential and commercial properties surrounding the magnificent York landmark, all in highly desirable locations on High Petergate, Low Petergate, Minster Gates, Precentor’s Court and Minster Yard.

The commercial estate includes prime city centre shops, cafes, restaurants, galleries and a guest house.

The Very Reverend Dean of York, Vivienne Faull, said: “We were really keen to develop a new approach to our property portfolio. Sanderson Weatherall brings enthusiasm and initiative as well as a wealth of property experience in Yorkshire, which makes it the ideal partner agency for us. Re-letting of two of the units has already commenced.”

We have been tasked with financial management of the portfolio as well as property management, including handling building maintenance and surveying. We will also deal with agency lettings, acquisition and disposal, negotiating business rates, reviews and renewals and acting as general consultants.

Our partner in corporate real estate, Andrew Ellis, said: “This is a hugely prestigious property account and is testament to our ability to provide clients with a service that is not only highly professional but inventive. Our broad experience in both commercial and residential property means that we have the expertise necessary to ensure that the York Chapter’s property portfolio is well-managed and hardworking.”

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