28-62 East Walk & 36-44 Southernhay, SS14
The property comprises an unbroken retail block of High Street Retail units arranged on ground floor with first floor storage.
The Property was acquired as part of a larger Portfolio and comprised of 20 units. At the time of purchase 10 units were vacant and the contractual income was circa £305,000 pax. Currently there is contractual income of circa £537,000 pax with the last remaining unit under offer.
To cater to the limited, occupy demand for the town units were re-configured to satisfy as many requirements as possible.
Five single units were combined to occupy a World Buffet Bar Restaurant operator, whilst a number of double units were split into two singles to secure tenants.
We have established there is potential to develop residential accommodation on the second floor and have submitted a planning application for 37 units.