Miller Commercial has negotiated a ten-year year lease on the former QS store in Boscawen Street in Truro.
Acting on behalf of the building’s owner, Trinity College, Cambridge University, the premises are being let to Country Casuals Limited, part of the Austin Reed Group.
Significant refurbishment work will begin on August 1. Once complete, ladies fashion brands Country Casuals and Vyella will move from their current premises in Truro and occupy the ground floor, while Austin Reed Menswear will have the whole of the first floor.
Miller Commercial partner Peter Heather said: “The negotiations took place ‘off market’ on a confidential basis and the transaction is indicative of the strength of Truro city centre as a destination for quality retailers.”
The property comprises of around 5,000 ft sq of retail accommodation split over two floors together with ancillary storage and staff facilities on the second floor. The property was marketed at a rental of £170k per annum.