• Opportunity arose to acquire newly built trade counter and convenience retail units for relatively soft price.

• Majority of terrace was already let off low base rents, with one unit still vacant providing a good asset management opportunity.

• Excellent tenant line-up including Greggs, Domino’s, Specsavers, Subway and Screwfix.

• Rankeilour let the vacant unit to a trade operator at a rent in excess of the other tenancies.

• An Electric Vehicle (EV) charging operator was brought in on a lease, providing an additional income stream for the estate.

• Rent reviews were exercised and rental profile improved. 

• Realised an opportune sale with unsolicited approach from buyer.

• The sale of £2.75m reflected an IRR of 13.3% (pre-fees).

*IRRs are stated before performance fees. All other associated fees are included.