20th June 2023
DeMontfort Fine Art leases prime Truro retail unit
Property consultants Alder King and FMX have let a 100% prime retail unit in Truro city centre on behalf of the property investment and development company Rowe Estates.
The property at 4-5 King Street has been let to DeMontfort Fine Art, the UK’s leading international publisher and distributor of original and limited-edition paintings. The gallery trades as Clarendon Fine Art.
The 1,586 sq ft unit benefits from a clear open plan retail area with a wide frontage onto the prime pitch of King Street. It was previously occupied by Curry’s/PC World.
Ian Simpson, partner at Alder King in Truro, commented: “Whilst the high street remains challenging for retailers, there are encouraging signs of recovery, with increasing footfall and a corresponding demand for prime space. The new Clarendon Fine Art gallery is a very positive addition to the city centre.”
DeMontfort agreed a 10 year lease off a quoting rent of £65,000.