Keeping it Commercial – St Nicholas St
A grade 2 listed commercial building of three floors and a basement. The upper two floors were used as a language school and the lower two as an art shop. We paid £300k for the building.
The ground floor was retained as a commercial unit, being in a city centre. The two floors were stripped out and were leased on a ten year term to a new hairdressing business who fitted out the ground floor themselves.
The upper floors were converted to two apartments.
The three units were revalued separately, refinanced and the apartments rented out on ASTs ( assured shorthold tenancies )
The property was recently sold in its entirety following the end of the commercial lease for £625k.Back to Projects