News
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Trust considers Colchester site
Manchester-based agents Zameero Ltd, acting on behalf of the Pervaiz Naviede Family Trust, have announced they were prepared to bid up to £800,000 for a prime retail site in Colchester at a recent auction. The double fronted property at 12-13 High Street in the town centre is presently let on a new lease to Waterstones booksellers and leads to Prudential’s shopping centre. While the passing rent was recently reduced from £100,000 per annum to a new [...]
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LPC Living responds to high street threat
The face of the UK high street could change forever with suggestions that a fifth of shops could be demolished by 2018 to make way for housing. According to a study by the Centre for Retail Research published in the Daily Mail, £320m is needed to clear more than 60,000 shops and replace with 20,000 new homes as well as community facilities, office space and GP surgeries. The report identified [...]
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Zameero eyes up Mash & Air building
Investment Agents Zameero Ltd acting on behalf of the Pervaiz Naviede Family Trust have been looking at Colin Shenton’s development opportunity known as the ‘Mash & Air’ building in Manchester. The property at 40 Chorlton Street is an imposing brick- built former mill building, standing at the junction of Chorlton Street and Canal Street. At approximately 20,000 sq ft, the building could be suitable for redevelopment for a mixed use office and residential scheme. The building is currently [...]
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Trust views Portland Street property
Investment Agents Zameero Ltd acting on behalf of the Pervaiz Naviede Family Trust visited 9 Portland Street in Manchester city centre earlier today. The property is being sold by DTZ on behalf of Lloyds bank with a guide price of £4million pounds. The property comprises a 55,000 sq ft high quality grade a office building behind a listed facade in a excellent position with the city centre.
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Trust eyes up Colchester Waterstones
Invesments Agents Zameero acting on behalf of the Pervaiz Naviede Family Trust, visited the town of Colchester today to consider buying a retail investment let to Waterstones on the High Street. The property is let on a 5 year lease producing £65,000 per annum and is offered for sale in the Acuitus May auction. The current asking price is £725,000 subject to contract.
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PNFT makes bid for landmark Swansea retail unit
Today investments agent Zameero, acting on behalf of the Pervaiz Naviede Family Trust, submitted an offer of £3,500,000(subject to contract) on a retail investment let to Marks & Spencer on the prime street Swansea City Centre. The property located at 273/276 Oxford Street provides over 12,000 sq ft of retail accommodation and is held leasehold to Swansea City Council. The occupational lease has 30 years remaining. The selling agent is Whitmarsh Holt Young.