Halfords has decided not to renew the lease at its March branch, a spokesperson has confirmed.  

The store, located at the Meadowlands Retail Park, will have its last day of trading on Friday (February 17).  

There is currently a closing down sale on selected items with 50 per cent off display bikes and roof boxes.  

Discounted stock has also been placed on designated clearance shelves.  

A Halfords spokesperson said: “The lease on our store in March will expire later this year.  

“All our colleagues have been informed and we are taking steps to offer them roles in nearby branches.” 

This is another setback for shoppers in March after the clothing chain M&Co, which has a branch in Broad Street, announced last week it will be closing all its stores this spring.    

Halfords customers will still be able to shop at the Wisbech and Peterborough stores, as well as online.  

It is not known how many jobs are affected as a result of the closure.  

Halfords shares the Meadowlands Retail Park with Screwfix, Mattressman, Carpetright and The Original Factory Shop. 

Toolstation is located close by. 

Screwfix moved in when Argos was relocated to the Sainsbury's store in town after the coronavirus lockdowns. 

The site - including five of the retail units and car park - was placed on the market and acquired by a private investor the autumn of 2021.  

Avison Young, the commercial real estate agent handling the sale, was instructed to seek offers in excess of £3.005m “subject to contract and exclusive of VAT”. 

Its brochure advertising 30,000 sq ft and “purpose-built retail park” generated a total income of almost £290,000 a year.  

It said: “[Meadowlands Retail Park] forms the only retail park for the town and benefits from an extensive captive catchment population due to there being very little competition close by.”  

It also explained the previous owner received £42,000 a year in rent for the Halfords unit.  

“Low rents averaging just £9.28 per sq ft, with a total income of £287,744 per annum,” the brochure said. 

This publication has made attempts to contact the site’s owner to find out if another retailer will be moving into the Halfords unit.