TPF complete letting to the new “big story” coffee shop chain -Harris+Hoole

 

TPF have just completd a letting in Walton On Thames to the new “big story” coffee shop chain , “Harris+Hoole”, who are to open 50 branches during the next 12 months.

Each branch of Harris+Hoole is individually styled and gives the appearance of being an independent operator – under the expert control of high quality chain Taylor St Baristas – BUT in the background the finance for expansion comes from shareholder TESCO.

Our client was faced with a perilous situation following Administration of previous tenants Clinton Cards, but TPF have saved the day and engineered a transaction in which not only have all rent arrears been paid off, but a new 10 year lease has been granted at the same rental level as originally passing , which had been under downward pressures.

TPF are now advising on other rent reviews and lease renewals in the town ,where this evidence of resurgence of values is a great boost.

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