Multi occupied property portfolio
shops, offices and flats
Merrifields act as managing agents for a local private owned property company that was formed form a local trading company. Following a decision to cease trading Merrifields gave Planning and Development advice to the directors. Following that advice, the company undertook a brave speculative residential development and refurbished two town centre properties to provide prime retail units with self-contained living accommodation above.
The shops were let by Merrifields agency team on appropriate commercial leases and thereafter Merrifields were appointed to provide both Asset and Property Management advice to include service charge management. During the period of our appointment our Lease Consultancy team have provided advice on lease renewals, rent reviews and rating advice.
Following a successful venture Merrifields advised the client of the purchase of two additional vacant property assets which have been let and remain income producing.
Merrifields Agency team have recently agreed terms to let one of the clients shops, it is anticipated the new tenant will take occupation immediate the current tenants lease expires, minimising the void period.
Merrifields Agency, Management and Lease Consulatancy teams working in tandem to meet client needs.