Poundland in busy Northampton street closes down

"We're currently in discussions with another retailer about the ground floor"

By Logan MacLeod
Tuesday, 20th April 2021, 8:48 am
Updated Tuesday, 20th April 2021, 8:52 am

Poundland in Northampton's Gold Street has closed down, which leaves the large retail unit empty and available for rent.

The business did not extend its lease, which ran out in March this year, according to the company managing the building, prop-search.com.

The landlord of the four-storey building has said they are willing to split the ground floor and rent this independently of the upper floors, according to prop-search.

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Poundland in Gold Street

Chris Billson, from prop-search, said: "We're currently in discussions with another retailer about the ground floor.

"Then, subject to whether that happens or not, it will affect what we will do to the rest of the building.

"It is on the market, it is for sale for the right package and would potentially suit redevelopment for alternative uses on the upper floors. There is strong interest in the retail space on the ground floor."

According to prop-search's website, the building is being offered to let on an 'extremely flexible lease term at a competitive rent'. The building's rateable value is £143,000.

It is not yet known which retailers are interested in the site.

The closest Poundland to this site which is still open is the large unit in Abington Street.

To view the property on prop-search.com click here.

This comes as another blow to Northampton town centre after the Sainsbury's in the Grosvenor Centre closed down, Tesco in Abington Street chose to downsize, and McDonald's also vacated the Grosvenor during the pandemic.