Retail Property - Paper Mill Shop takes over two Wax Lyrical units

The Paper Mill Shop, the retail arm of speciality papermaker James Cropper, has bought two stores from Wax Lyrical in a bid to extend its UK retail presence.

In Liverpool, it has taken over the candle retailer's lease on a 90 sq m store at 30 Clayton Square, where the passing rent is£95,000 per annum.

At Gateshead's MetroCentre, it has taken an assignment of Wax Lyrical's lease on the 115 sq m Unit 19B, at a passing rent of£110,000 per annum.

Philips Wilks & Partners advised Wax Lyrical and Cushman & Wakefield Healey & Baker is property adviser to the Paper Mill Shop. C&W/H&B partner Rob Williams said: 'The Paper Mill Shop has six units and is aiming to roll the concept out to larger UK cities.'