Furniture Outlet has agreed a deal to lease a former Wilko store in Bedford town centre.
The furniture retailer has signed a five-year lease on the circa 26,000 sq ft store on the High Street, which overlooks the town square.
Nathan George, associate and head of agency for Kirkby Diamond in Bedford, which acted on behalf of the private property company landlord, said: “The arrival of Furniture Outlet is a significant boost for Bedford town centre and it’s great to see a large, previously vacant unit being brought back to life. The potential transformation of the rest of the building by the new owners is very exciting.
“The property market for retail units across the town remains active. Most of the demand is still at the smaller end of the size range with the majority of properties being let to local independent retailers. The letting of the former Wilko premises represents a notable exception to that trend and we are always pleased to see larger vacant units being occupied.
“It’s difficult to say whether this is a sign of things to come but we are seeing an increase in confidence across the retail sector and we have already completed on nine retail transactions since January, which is very positive. When the works are completed around St Paul’s Square this will provide an additional lift for that area of the town, and I am pleased to see the council’s efforts to improve the town paying off.”
