National retail chain Forbidden Planet has taken a new five year lease on its Middlesbrough store.
Acting on behalf of landlord Contract Experts Limited, Teesside independent commercial property consultancy Dodds Brown secured the lease renewal to Forbidden Planet International on the retail unit at 41 Dundas St, Middlesbrough TS1 1HR, part of the town’s Dundas Shopping Centre and Indoor Market.
With stores in 17 locations in the UK, Forbidden Planet International is one of the world’s largest and best-known science fiction, fantasy and cult entertainment retailers. On the back of the new lease, the Middlesbrough store will undertake a refurbishment this Summer (2018).
“We are delighted that such a well-known national retailer has recognised the strengths of its location in the Dundas Shopping Centre, and renewed its lease,” says letting and managing agent and Dodds Brown Senior Associate Partner Richard Wilson.
“In 2017, the shopping centre recorded a major boost in visitor numbers, achieving record footfall in three months, reversing a trend of declining visitor numbers over the past five years.
“Many of our smaller occupiers have also benefitted significantly from the recent business rates revaluation, as they fell below the small business threshold,” continues Mr Wilson.
“It’s a good time for retailers and leisure operators to be looking to acquire property, so we are very keen to discuss future opportunities in the Dundas Shopping Centre.”
Dundas Shopping Centre is home to many well-known local independent stores, like The Festival Shop, Tik Tok, Homefair Blinds, Buckshees Military Surplus, Kindamagic and LD Printing.
It is also home to Dundas Market, Middlesbrough’s only indoor market, with more than 25 traders selling a wide range of goods and services including Indian food, traditional sweets, ladies wear, fashion accessories, handmade gifts, furniture, party planning and tattoos.