In addition to its interests in shopping centres, Vale Retail works with its partners to identify individual investment and development opportunities. For example;
8/10 Upper Parliament Street, Nottingham - let to Burger King, the unit offers the opportunity for significant rental growth due to its position between prime zone A at Clumber Street and the new Trinity Square Development.
The rent review clause sets a minimum rent relative to Zone As on Clumber Street affording a further opportunity for under-pinning rental growth.
12/16 Lower Parliament Street, Nottingham, Lloyds Bank, close to Clumber Street, the property benefits from significant pedestrian flow and grade A tenant.
The lease has been regeared and Lloyds bank has taken a new 15 year institutional lease at a new rent.
17/19 Denmark Street, Wokingham - A block of three shops in the heart of this prosperous Thames Valley town, sitting between prime pitch and a proposed new local authority sponsored development to the rear.
Two of the leases have been regeared at higher rents and planning has been secured (for a scheme of 11 one bedroom flats) on the vacant upper floors.
1 Market Place, Wallingford - purchased from private vendors, the shop lease has been regeared with Julian Graves at a higher rent and recently sold at auction. Planning consent is being sought for 3, two bedroom cottages to the rear part of the site.
2 High Street, Shepton Mallet - A ground floor lock up shop purchased jointly with Structadene, presently being refurbished to provide the largest retail unit in the centre of this Somerset market town.
125 Great Titchfield Street - A joint purchase with Structadene of a ground and basement bar and restaurant.