6-8 High Street, Theale
Village centre revitalisation project, converting a dated property into a commercially viable mixed-use scheme.
Overview
Mixed-use asset comprising a post office, hairdresser, flat, and first-floor office. The building was under-utilised and under-rented, with potential for both planning uplift and income growth.
- Served Section 25 notices on the commercial tenants.
- Issued a Section 13 notice on the flat, increasing income from £18,000 to £35,600 pa.
- Secured planning permission for four flats in the first floor office space.
- Sold on to a developer post-planning.
HEADLINE FIGURES
| Purchase Price | £380,000 |
| Professional Fees (legal, stamp, planning) | £60,000 |
| Total Cost | £440,000 |
| GDV / Sale Price | £700,000 |
| ROI | c. 59% |
| Profit | £260,000 |
SITE
BEFORE
