The 12,000 sq ft retail asset is located in Cheshire and was acquired in a vacant state with no passing income.

Through proactive asset management, a repositioning strategy was implemented, including securing a change of use to Class A3/A4 (food and beverage). An Agreement for Lease was subsequently completed with a covenanted operator at a headline rent of £249,000 per annum, materially enhancing the asset’s income profile and capital value.