A private property company client recently acquired a retail investment at 142 High Street, Marlborough advised by Black Stanniland. The investment was acquired for under £1m, and comprises a retail shop over ground and basement leased to Cath Kidston, with residential upper floors let on a long lease. There is an opportunity to add value by the negotiation of an outstanding rent review, in respect of which negotiations are now under way. “We acquired this property in a tight timescale after agreeing terms. We have several clients who are actively looking to acquire in affluent market towns such as this, at lot sizes of between £1m and £2m, who do not require finance. Let us advise on how we can add value” says director Martin Black.
