News
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Shops to Homes Plans Cautiously Welcomed by LPC
Government plans to allow local authorities to convert swathes of empty high street shops have been cautiously welcomed by LPC Living. Accordingly to The Telegraph, a consultation paper by planning minister Nick Boles will be issued later this week which will encourage local authorities to concentrate shopping facilities within a couple of high streets. All other areas could be converted to housing. With an estimated 14% of the country’s shops [...]
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Takeaway Signs up at Radclyffe Park
LPC Living has today announced a new retail letting at their Radclyffe Park development in Salford. Contracts have been exchanged with a hot food takeaway operator on a 732 sq ft unit on Phoebe Street, Ordsall which will specialise in quality Indian cuisine. The business, to be called Foodstation, is expected to open later this summer alongside existing tenants including Barnardos, Bet Fret and Eyeline Opticians. Scott Neal, marketing manager [...]
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Doncaster retail centre visited by Zameero
Manchester-based agents Zameero Ltd, acting on behalf of the Pervaiz Naviede Family Trust, visited the town of Doncaster today to look at the shopping centre which is being sold at the Acuitus July auction on behalf of receivers. The investment was previously on the market with Savills at an asking price of £7m. The guide price in the auction is in excess of £2m.
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Offer made on Sheffield Retail Unit
Manchester-based agents Zameero Ltd, acting on behalf of the Pervaiz Naviede Family Trust, have made an offer on a prime freehold retail and office investment being sold by Knight Frank on behalf of PRUPIM. The investment at 54-56 Fargate, Sheffield, comprises a retail unit let to O2 which provides 78% of the income let until 2015 and the offices let on various terms. The current passing rental income is £203,963 per annum and the agents were seeking offers in [...]
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PNFT bids for Chiswick retail units
Manchester-based agents Zameero Ltd, acting on behalf of the Pervaiz Naviede Family Trust, have made an offer on a freehold mixed use investment being sold by GVA on behalf of the Administrators. The property on Chiswick High Road in Chiswick comprises two retail units let to Evans Cycles UK Ltd and Labrokes plc, subject to two leases producing £85,160 per annum. The investment also includes grounds from 43 flats which produce £11,450 per annum.
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Grow your business at Radclyffe Park
LPC Living has relaunched a number of retail units at their Radclyffe Park development in Salford, Greater Manchester with rents starting from as little as £100 per week. The shops, located on Phoebe Street, are ideally suited for new business ventures or existing independent retailers looking to expand in a thriving area close to MediaCityUK, the home of the BBC. The units sit at the entrance to the £50m retail [...]
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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.
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Trust looks to expand portfolio in Burnley
Agents Zameero met with Pervaiz Naviede Family Trust today to discuss two residential investment opportunities in the Burnley area. It is understood the properties may be able to be acquired for a 30% discount to current market value offering excellent value. Presently, all of the properties are vacant and having met letting specialists’ Belvoir their opinion was they would let almost immediately. The location of the two sites was not disclosed.