SEVENOAKS, KENT - 138-146 HIGH STREET
ACQUSITION OF HIGH STREET BLOCK WITH DEVELOPMENT POTENTIAL
A long standing client of SO Retail required advice on the purchase of this small High Street parade. SO Retail provided rental advice and identified potential demand for the two vacant retail units.
SO Retail identified a key development angle involving the relocation of an existing tenant to an adjacent vacant retail unit. Two retail units plus an existing stair case access could then be amalgamated to create a new restaurant unit for the the town centre.
The advice was spot on, and interest has been attracted from 3 major restaurant chains in the new potential space. The project is on going, planning has been submitted for the new restaurant, and terms are being negotiated to facilitate the relocation of the current tenant.
SO Retail think outside the box when it comes to looking at investment opportunities. We have an expert eye for uncovering ways to enhance assets by moving tenants to facilitate redevelopment or reletting to new tenants possessing greater covenants.
FULHAM, LONDON - Imperial Wharf Housing Scheme
TESCO EXPRESS ACQUISITION & EXTENSION
Tesco asked SO Retail to source new shop space within large London Residential Developments. Imperial Wharf, Fulham, is an incredibly successful mixed use riverside scheme built by St George (Berkley Group).
SO Retail successfully sourced a suitable property for Tesco. The location was so successful that SO Retail were tasked to negotiate further space for the a store extension. The store was extended from 4,000 sq ft to 8,000 sq ft and is due to re-open in March 2013.
SO Retail also successfully marketed the adjacent 800 sq ft retail unit, agreeing terms with an upmarket coffee operator.
SO Retail has detailed knowledge of London locations enabling clients to gain a foothold in new exciting locations before the wider market hear of them. We assist clients with every step of the process from site identification, negotiation and strategic advice on surplus retail space.
SO Retail advise on projects throughout London and the UK. We are experts in Property Acquisition, be it for occupation, investment or development. Due to our knowledge of the retail sector we also excel in the field of property marketing, and in many cases can help unlock a vacant property or provide inspiration for a development site. Below is a very brief selection of a few recent projects.
SUPERMARKET & ROADSIDE EXPERTISE
SO Retail excel in the supermarket sector. Founding Director Simon Odell has acquired over 50 supermarkets varying from smaller convenience stores to larger stores.
We have an in depth knowledge of the London market, and the various pit falls and complications they need to be overcome to facilatate a new store letting. We have experience in resolving issues relating to deliveries, plant, store design, lease structure.
Each site presents different challenges from straight forward new build shell space to more complicated pub conversion or sites which require amalgamation and extension works to be undertaken.
If you have a site which you beleive may be suitable for supermarket use, please feel free to call us to discuss in more detail, as we will be able to provide advice across the spectrum.
EDGWARE, STAG LANE NW9
MIXED USE DEVELOPMENT
City Estates asked SO Retail to advise on the strategy for this small mixed use scheme located in Kingsbury, Edgware. The site previously comprised 4 small local shops. Leases were brought to an end to enable vacant possession to commence the redevelopment. Planning was obtained for 1 large retail unit of 4,400 sqft and 8 flats above. The retail unit was extended at the rear to create the space.
SO Retail adivsed on potential occupiers for the space, and have successfully sourced a well know supermarket operator for the space.
SO Retail are experts in the supermarket sector and advise on numerous development sites across London. Please call if you have a potential development you are looking to unlock.