Member Article

Lateral exchanges contracts on prominent Harrogate retail unit

Lateral Property Group has exchanged contracts to acquire a prominent vacant retail unit in Harrogate.

The firm is in discussions with a number of prospective retailers who have shown interest in taking the lease at 6 Cambridge Crescent, currently occupied by Yorkshire Building Society, which is relocating elsewhere in the town centre.

6 Cambridge Crescent is situated at the confluence of the town’s primary pitches opposite Betty’s Tea Rooms on Parliament Street.

An independent survey in March 2013 carried out by the Local Data Company showed that the footfall count for Cambridge Crescent was 56% higher than Harrogate’s prime quality fashion pitch on James Street.

Marcus Briggs, retail development director at Lateral said: “Harrogate’s retail economy continues to go from strength to strength.

“Over 25 new high end retailers have come to the town in recent years including Whistles, Jigsaw, Molton Brown, Apple, Joules, Mint Velvet and L’Occitane, to name but a few.

“6 Cambridge Crescent has a beautiful façade and will provide an opportunity for those retailers keen to join the quality brands already represented in Harrogate.”

Lateral Property Group has recently secured planning consent for the transformation of Parliament Street into a quality dining destination with a stunning new façade for Harrogate House, a relic from the 60s. Jamie’s Italian is anchoring this development.

SGM and Bruce Gillingham Pollard have been appointed letting agents for Cambridge Crescent.

This was posted in Bdaily's Members' News section by Mark Lane .