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WP Limited – Retail Leasing Success

We’re pleased to announce that our High Street retail portfolio is now fully let following the successful lettings of our retail units in Chichester and Tunbridge Wells.

At Tunbridge Wells, we exchanged an agreement for lease with a Burger King franchisee for the ground and basement floors before serving the break notice on the existing tenant who occupied the whole of the building. After securing vacant possession, we undertook works to separate the ground and basement from the upper floors before the lease completed. We have retained the upper floors which now have the potential for a change of use or development scheme.

In Chichester, we successfully navigated a challenging situation with a tenant facing financial difficulties. We managed to agree a mutually beneficial surrender which included them paying a premium which allowed us to let the unit to 17 Grams Coffee Roasters.

Both of these units are in prime locations in great towns, which further demonstrates the importance of having the right units in the right locations.

We are actively looking for vacant or short income retail investment acquisition opportunities in prime retail towns within a 125 mile radius of London with good quality connections, please get in touch if you have anything suitable.