Commercial property specialists NG Chartered Surveyors have pulled of a triple deal at a busy parade of shops in a Lincolnshire market town, showing that independent retail is alive and kicking.
Acting on behalf of a private client, surveyor Suzannah Adcock has simultaneously carried out a new letting, rent review and lease renewal on the portfolio of retail units on Welby Street in Grantham.
Suzannah said: “I have recently been dealing with the portfolio to increase the rent. I have carried out a new letting, lease renewal and rent review on the parade which has increased the total rent by 9.73% which will increase the investment value.”
The portfolio of shops on Welby Street consists of a hairdressers, a barbers and a nail bar. The new letting was to Just Jentz who have taken a 10-year lease.
Suzannah added: “This is a great result for our client and illustrates NG Chartered Surveyors’ expertise in all aspects of property management. We look forward to working with our client on the portfolio in the future.”