And then there was one: Aura slims down
Nottingham furniture retailer Aura is to close one of its two stores in the city.
Max Nouri, Aura owner says he no longer needs the 7,500sqft Mansfield Road store and will focus on its nearby Huntingdon Street branch.
Estate agent Savills will auction the property on 7 July with a guide price of £500,000-£550,000.
Nouri bought the former car showroom 15 years ago and invested £250,000 upgrading it.
‘We don't need the Mansfield Road premises anymore because it's not very practical for us and I'm finding it difficult to manage them both. I have a large showroom in Huntingdon Street, which is quite large and has another showroom at the other side of the car park. It's been a very good location and was doing really well. The windows are very big and it has benefited from the Victoria Centre redevelopment,’ he says.
The company employs 10 staff who will now all work at the Huntingdon Street store.
‘It has a lot of glass frontage and is a high-profile building that's suitable for a whole range of uses. The world is your oyster – it could be offices or continue to be used as a showroom for anything like kitchens, lighting or cars. It will be interesting to see who it appeals to. There aren't many showrooms of that size in Nottingham city centre so I'd hope to receive a good level of interest, which we normally do for these types of properties. It benefits from a lot of passing traffic and being near the students at Nottingham Trent University,’ says Paul Giles, Savills Nottingham head of the commercial auctions.
Founded in 1988, Aura parent Pinewood Studio Group had 11 branches at its peak.