investment consultancy & asset management

INVESTMENT CONSULTANCY & ASSET MANAGEMENT

strettons.co.uk


INVESTMENT AGENCYOur Investment team regularly advises and acts in either a disposal or acquisition role on a wide range of properties within London and the UK. The integration of our investment and asset management teams backed by our commercial agency presence and national property auction sales puts us in a unique position with existing and new clients to offer all-encompassing advice on strategic acquisition and disposal.

We are strong believers in value enhancement before a sale wherever possible and where time permits. Properties can be improved pre-sale through the restructuring of leases, implementation of rent reviews and lease renewals, leasing of vacant property and other capital expenditure all which we can be overseen by our asset managers. Where a property has development potential or may benefit from a change of use we are able to facilitate the production of feasibility and scoping studies to illustrate development potential and advise on the merits of submitting a planning application.

LIMEHOUSE ARTS FOUNDATIONTOWCESTER ROAD, LONDON, E3

Freehold commercial investment extending to 29,100 ft2 with future development potential. Limehouse Arts Foundation building is let to The Association for Cultural Advancement Through Visual Art Ltd (Registered Charity No 287894) who sublet to artists by way of licenses. The gross internal area of the building is 29,118 ft2 (2,706.13 m2).

BELLSIDE & BROOKSTONE HOUSE,ELTHORNE ROAD, LONDON, N19

Freehold office and warehouse investment with buildings totalling 41,000 ft2 standing on a site of 0.64 acres with substantial rear car park offering scope for redevelopment.

Offered subject to existing income totalling £750,000 p.a.x, and with scoping study prepared for mixed residential and office redevelopment on part of the site, potentially supporting 18 No. flats and 13,500 ft2 of newly developed office space, subject to necessary consents.

TRAMWORKS, HATHERLEY MEWS, LONDON, E17

A unique mixed-use Victorian mews comprising 21,640 ft2 of diverse studios and open plan office accommodation, a restaurant unit and eleven residential apartments with scope for further enhancement.

Sold 2016 Price achieved: in excess of £18,000,000NIY achieved: in the region of 4%

Sold 2017 Price achieved: £7,750,000 NIY acheived: in the region of 4.6%

Sold 2016 Price achieved: £5,000,000 NIY acheived: in the region of 4%

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130 GEORGE LANE, LONDON, E18

Securely let commercial investment, let to Barclays Bank Plc with a 3 bedroom flat and scope for further development producing £47,600 p.a with two outstanding rent reviews.

63 PUTNEY HIGH STREET LONDON, SW15

Freehold prime retail and residential investment. Following completion of the commercial rent review where the rent increased from £100,000 to £125,000 p.a, the lease term was also increased by way of a deed of variation to the existing lease. In addition to the commercial element there were also two 4 bedroom flats on AST’s producing a combined rent of £55,260 p.a. on the first, second and third floors of the property.

HOLLYBUSH GARDENS HOLLYBUSH PLACE, LONDON, E2

Freehold investment / development opportunity. A former light industrial Victorian warehouse building of approximately18,912ft2 which has been converted into multi let office/commercial suits. The building was occupied by various artist/creative users.

ELIZABETH HOUSE, 4-7 FULWOOD PLACE, LONDON, WC1

50 MOXON STREET, BARNET, HERTS, EN5

Freehold investment opportunity acquired for a UK based family office, accommodation comprised of 9,429ft2 of office space, let to a single tenant at £248,850 p.a. Opportunity to add further floors in combination with an enhanced refurbishment.

Acquired for a private client. The building offered 25,000 ft2 of mixed use commercial space and is fully let producing £160,000 p.a. At the time of purchase we considered the property to be under rented and that it would benefit from alternative uses, subject to planning.

53 ST PETER’S STREET, CANTERBURY, KENT, CT1

Grade 2 listed building let to the Azzuri Group with 17 years remaining on the lease trading as Zizzi. Located in a prime patch in Canterbury, nearby occupiers include Nandos, Gourmet Burger Kitchen, Wildwood, Chimichanga and Prezzo.

73-77 COMMERCIAL ROAD, LONDON, E1

Freehold site of 0.1 acres comprising three adjacent showroom/retail premises let short term. Marketing on the basis of pre-application submission demonstrating scope was for up to 35 units, subject to consents.

Sold 2016 Price achieved: in excess of asking price of £3,750,000NIY achieved: in the region of 3%

Sold 2017 Price achieved: £1,490,000NIY achieved: 3%

Sold 2017 Price achieved: £2,440,000NIY achieved: 4.25%

Acquired 2016 Acquired for: £7,483,500 (asking price £7,750,000)

Acquired 2016 Price achieved: £3,000,000NIY achieved: 5%

Sold 2017 Price achieved: in excess of £14,000,000NIY achieved: N/A

Sold 2016 Price achieved: £6,100,000 (by way of purchase of SPV) NIY achieved: N/A

strettons.co.uk


ASSET MANAGEMENTOur asset management service focuses on achieving our clients’ objectives by actively and strategically looking for ways to maintain and enhance the rental and capital value of the investment.

Property requires constant review and a proactive approach. Our clients benefit from Strettons’ in-house teams including agency, investment, development and advisory teams to ensure that they receive a full range of options to improve the value and income stream of their properties.

Our asset management service is personalised, and can include:

• Identifying opportunities to secure planning permission for higher value uses

• Re-gearing of leases before expiry or securing early vacant possession to unlock value

• Maximising the value of our clients’ investments by planning for implementation of service charges or sinking fund accruals

• Identifying opportunities for income from underutilised parts of a building

KEY CONTACTS

NICK DUCKAssociate Director

020 7907 [email protected]

NEAL MATTHEWSDirector


BEN TOBINDirector


CHRIS COLLINSDirector


JONATHAN CUTHBERTDirector


JAMES BACONDirector


PAUL COHENAssociate Director


SIMON TILSITER Director


AGENCY

ASSET MANAGEMENT

ABOUT STRETTONSA leading firm of property advisors based in

London, providing services throughout the UK.

Strettons offer expertise across a wide range of commercial and residential property, advising buyers, owners, occupiers, investors, developers and more. Our core teams cover agency, property auctions, property & asset management and valuation & advisory services.

OfficesCity & City FringeWest EndEast & North London

120 staff Based in London, covering the UK

35 staff In our transactional teams

Over £230mTransacted on development and investment sales in the last 18 months

strettons.co.uk

investment consultancy & asset management

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