Bucking the trend
IN a move bucking the trend that has seen shopping shift from bricks and mortar to the internet, the former Eddershaws store on Swansea's enterprise park already has a new occupier.
Oak Furniture Land has leased the huge 24,000 sq ft unit at Phoenix Way and opened its 45th store in the UK since first embarking as an eBay retailer in 2004.
It moved in almost as soon as family-owned favourite Eddershaws moved out.
It is the company's second store in Wales — with the other in Cardiff — and employs seven or so new staff. Cooke & Arkwright acted on behalf of the landlord, Eddershaws in the deal.
The move follows the decision of Eddershaws to move out of the city earlier this summer after 180 years of trading.
Steve Kettell, property director at Oak Furniture Land, says they had originally been looking at another site in Swansea.
"However we inspected this area and the unit is in an attractive and prominent position," he adds.
"We believe it is the right location for us to service the South West Wales market, especially as the store was already known as a quality furniture retailer."
Nick Golunski, associate director with Cooke & Arkwright's Retail Agency said they were delighted to have found a new tenant for the unit so promptly. "Our client, Eddershaws, has consolidated its presence in Cardiff and made the decision to let its premises in Swansea."
At its rear, a warehouse of just under 6,000 sq ft is also available by separate negotiation.
Oak Furniture Land was founded by Jason Bannister through the online auction site eBay in 2004. Two years later he set up his own website, eventually opening his first bricks and mortar showroom in 2009. Within just a few weeks however it was turning over £5 million a year in addition to the website.