Newlands are pleased to announce that we have just completed the acquisition of the Waterstones building at 42 High Street, Barnstable in North Devon for one of our retained investment clients.
The property is arranged over ground and first floors, with the ground floor of the building currently let to Waterstones till January 2025 at a passing rental of £65,000pa.
There is further asset management potential by either letting the upper floors previously occupied by Ladbrokes or by conversion to residential use.
We are currently working a number of retained clients looking for further investment buildings, with similar types of asset management / value add angles across the Southeast & Southwest of England so please get in touch to discuss any potential opportunities.
Tel: 01273-779777 – Email: [email protected]