Advised by Cheetham & Mortimer, footwear boutique Art & Sole has taken a five-year lease on a 2,500 sq ft unit at 5 St Mary’s Gate, opposite Paperchase and next to Zara between Market Street and Deansgate.
The unit on St Mary’s Gate has been empty for some time but Art & Sole is set to open its first store on the site, stocking ultra-limited-edition footwear from the likes of Nike and Adidas.
The fashion boutique is understood to be paying rent of £90,000 per year on a five-year lease, with two years at half rent. Metis acted for the landlord, Millerbrook Property.
Josh Moores, surveyor at Cheetham & Mortimer, said: “The current state of the retail market has been well documented but we are keen to explore the opportunities that this creates for independent operators such as Art & Sole, who will occupy a prominent unit close to established national operators Paperchase, Zara, M&S and Selfridges.”
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