Year of purchase

March 2011

Cost of purchase and re-development


Fair Value (December 2021)


Current rent per year

Commercial £60,000 (15 year contract expiring 2033) / Residential £76,800

3 year average gross rental yield

13.7% on capital investment


Property bought at auction after the 2008 – 2009 credit crunch. Due to the high risk nature of the tenant (sole trader restaurateur) many investors shied away from the property. This was seen as an opportunity in that re-positioning part of the commercial element to residential could better meet local demand. After purchase negotiations were entered into with the commercial tenant (who occupied three floors of the property as a restaurant) for the surrender of their lease. The asset was repositioned to provide a smaller retail unit on the ground floor and five newly refurbished flats above.

    We use cookies to give you the best experience.