Lincoln boutique owner prepares for retirement

The owner of a fashion boutique in Lincoln and Louth is selling the units of his shop in preparation for retirement.

Gerry Garside, owner of The Spinning Wheel shops on Lincoln High Street and Mercer Row in Louth, asked Lincoln-based commercial agent Banks Long & Co to look for new tenants for his premises.

Gerry said: “I originally started out on a market stall in Louth, before going on to open The Spinning Wheel about 35 years ago, from where I have successfully sold a range of young affordable fashions for both men and women.

“Twenty-five years ago, I decided to take my name to Lincoln and the rising numbers of university students who have come to the city in recent years have been very good for my business.

“Of course, I have also benefited from having a shop based in a prime location – the pedestrianised upper High Street.”

Gerry Garside said he employs three to four part-time workers at each of his shops and wants to slow the pace a little and gradually ease himself into retirement.

The Lincoln premises are offered as a leasehold opportunity for rental, while it’s hoped to find a buyer for the Louth site, which is freehold.

Banks Long & Co Director James Butcher said: “We are delighted to have been asked by Mr Garside to market these shops. Both are located in strong retailing locations in the respective centres.

“The top end of the High Street, where the Lincoln unit is located, is a popular one with independent fashion retailers.

“Similarly, the eastern end of Mercer Row in Louth enjoys strong footfall and represents a rare opportunity for either an owner-occupier or investor purchaser to secure premises in this popular market town.”