Loungers opens new venue in Monmouth as part of expansion plans

Estero Lounge located in striking town centre building

8 June 2016
  • Ian Newbury of Cooke & Arkwright outside Estero Lounge in Monmouth
  • Estero Lounge interior image

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Loungers, the West Country based restaurant/café/bar group has opened a brand new site in Monmouth. Named Estero Lounge, the new venue occupies Commerce House, a refurbished building in Monnow Street and has created 20 jobs for local people. Loungers has invested £575K transforming the new site into a retro home from home, where dramatic art work sits next to oversized vintage sofas and statement light fittings, in the eclectic style much loved by Lounge aficionados.

Jeremy Burton-Dickie, operations manager, Loungers, said:  “Monmouth is the perfect location for our Lounge concept. There’s already a thriving and vibrant community and we’re delighted to be playing our part in the foodie scene here. Residents will be served by the very best - our new team is passionate about hospitality. Our excellent ‘on the job’ training programme ensures our staff are at the top of their game.”

Ian Newbury, Surveyor with Cooke & Arkwright's Retail & Leisure Agency, who acted for the private landlord in the letting said, “This is an excellent property and location for Estero Lounge to occupy. Commerce House is a striking building which has been redeveloped to a high standard and extends to almost 5,000 sq ft over two floors. It is situated in a prominent position on Monnow Street close to nearby retailers, making it convenient for shoppers and visitors to the town. The landlord is pleased to have attracted such a high quality tenant who will add to the leisure offering in Monmouth.”

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin