Low Petergate, York

Three unit retail scheme characterised by short occupational leases, high initial yield and 'forced' seller. Our business plan was based on active management of the tenant base to increase the average lease term and increase rental levels. Two tenants renewed at higher rents and one tenant vacated and we subsequently relet at a new rental high for the street. Sold to a special purchaser.

PA

Hockley Street, Nottingham

A short leasehold investment (37 years remaining) which we purchased as part of a portfolio. Short term income expired after 3 years but due to the very high purchase yield (48% pa) we had recovered our original capital.

We sold to an owner occupier.

PA

Fore Street & Bell Lane, Bodmin, Cornwall

Multi let retail investment possessing a combination of short occupational leases and high initial yield. Ourbusiness plan centred on renewing leases and moving rents higher over the medium term. The key driver for return was high income return on equity and the property was sold having completd the business plan to produce a strong IRR.

PA