News and Deals
With our niche knowledge of market town high street shops in West Hampshire, South Wiltshire, Dorset, Devon and Cornwall we have successfully acquired / re-geared / redeveloped / disposed a real mix of shops in our 'patch'.
Please see photos of recent projects / properties...
49 High St, Sidmouth
Let to Oxfam for a rent of £45,000 per annum from July 2019
62 Cheap Street, Sherborne
Let to Caffe Nero for a rent of £60,000 per annum March 2018
97 St Mary Street,Weymouth
Let to a Piri Piri at a rent of £24,000 from August 2018
30 St Mary Street, Weymouth
Let to Cats Protection for a rent of £28,000 per annum from September 2018
3a Union Street, Yeovil
Sold for clients £425,000. 7% yield.
2 The Commons, Shaftesbury (HSBC)
Acquired for clients at £500,000. Investment with future development potential.
141 Wandsworth Bridge Road, London SW3
Acquired for clients at £1.275,000. Investment with future development potential.
4 New Street, Sidmouth (multi-let)
Acquired for clients for £675,000. Future management and re-development angles
Bradfords sale & leaseback - Martock
Acquired for clients £440,000. New 10 year lease.
Bradfords sale & leaseback - Wareham
Acquired for clients £460,000 - new 10 year lease.
27 Cheap Street, Sherborne (Sporting Classics)
Acquired for clients at £500,000 - future redevelopment.
60 Fore St, Salcombe (Vacant- former Lloyds)
Acquired for clients March 2018 for £925,000. Re-development for retail and residential 2018/9
1/1a Bell St Shaftesbury (Multi Let)
Acquired for clients February 2018 for £575,000. Future management and development angles.
House of Steps, Sherborne (Multi Let)
Acquired for clients February 2018 for £530,000. Future management and development angles.
49 High Street, Sidmouth (former Co-Op bank)
Acquired for clients £475,000. To be re-developed 2018 into shop and 2 flats.
96 St Mary Street, Weymouth (British Red Cross)
Sold for clients January 2018 £650,000 6%.
2 Middle Street, Padstow (Spar)
Acquired for clients December 2017 let to SPAR for £650,000. Future development at lease expiry.
80/82 Turnham Green, Chiswick, London (Shelter)
Acquired for clients £2,550,000 October 2017 let to Shelter. Future management and development angles.
16/18 Fore St Fowey: (Boots)
Lease renewal to November 2017 £65,000 (previous rent)
40 Fore St Kingsbridge (Holland & Barret)
Acquired for client for £200,000 October 2017 7%.
51/52 Brook St, Tavistock (Fashion Direct)
Acquisition late 2016 £1,650,000 for re-development in 2019
Duke St Dartmouth (Ladbrokes & 2 flats)
Acquired for clients February 2017 for £650,000. Re-development of residential upper parts 2018.
Swan Yard Sherborne (Various)
Acquired for Clients December 2016 for £675,000. Active management and redevelopment for 2019.
Recently Completed Projects:
4 East Street, Bridport
Complete demolition and rebuild. Let on new 10 year lease at record rent.
1 The Commons, Shaftesbury
Refurbishment of exterior.
26 High St, Shaftesbury
Renovation and alterations to Grade II listed building to create c1300 sq ft lock up shop. Completed October 2017. Shop let to Coffee1 at record rent for the town.
15-17 Cliff Road, Newquay
Major works to create two 900 sq ft shops and six flats above – completed July 2017. Both shops let to local covenants and all flats sold well above target figures.
22 Broad St, Lyme Regis
Works in progress to convert Grade II listed building to shop & basement and a 2 bed flat above – completed October 2017. Shop let to Mountain Warehouse and flat sold well above target figure.
62 Cheap St, Sherborne
Works commencing March 2017 to create c1600 sq ft open plan shop – completed December 2017. Let to Café Nero at record rent for the town.
24 Broad Street, Launceston
Major alterations to internal layout and refurbishment of exterior. Completed April 2015. Pre - let to Costa Coffee.
24 & 26 Fore Street, Brixham
Re-development of former Dorothy Perkins unit to create three shops. Two Fore Street shops pre-let to Costa and Saltrock whilst Union Lane unit let on completion to local high end retailer in March 2015.
Unit 5, Buckland Rd, Pen Mill Trading Estate, Yeovil
Major refurbishment of 9000 sq ft warehouse. Completed April 2017 and sold October 2017.
44 Cheap Street, Sherborne
Renovation of Grade II listed building. Completed Oct 2017 and let to Scrivens Opticians.
87 High Street, Lymington
Opening up of ground floor to increase sales area to c1000 sq ft - Completed 2016 and let to EE.
17 St Mary Street, Weymouth
Extension of shop to create 1000 sq ft unit. Completed July 2015 and pre-let to O2 who commenced shop fitting immediately upon Landlords completion. Investment subsequently sold.
Projects in Progress:
5 Wyndham St, Yeovil
Works commencing Spring 2018 to double size of existing shop to c2000 sq ft. Pre-let to Domino Pizzas
79 High St, Bideford
Investment sold summer 2016 £322,000 (6%)
9 Southampton Road, Ringwood
Complete renovation of external fabric, conversion of upper parts from offices to 3 flats.
Sold end of 2015 £850,000.
22/23 St Mary Street, Weymouth
Investment sold November 2015 £670,000 showing 6% net. £20,000 over asking.
Falkland Square, Poole
Letting of unit to Costa, lease renewal of EE & ongoing work on Units 1 & 4
Market Square, Sidmouth
Acquisition and subsequent redevelopment of property to create lock up shop let to Joules and three flats above
Devizes - 22/23 The Brittox
Redevelopment in progress of previously poor space to create 1800 sq ft - let late 2014
Yeovil - 50/52
Re-gear of lease to obtain 15 year term with break at 10. Investment sale in August 2015 £1,025,000 6.7%