Allermuir Estates

118 George Street, Oban

  • Acquired in April 2014
  • Ground floor shop unit plus rear stores, first floor 3 bed flat and garden ground.
  • Planning Consent received for change of use of shop unit to Class 3 restaurant. Class 2 offices and Class 1 retail.
  • Planning Permission received for conversion of rear store to two residential units.
  • Works to split shop unit from rear stores and convert stores into residential units underway. Completion Summer 2014.
Allermuir Estates

98 High Street, Lochee, Dundee

  • Acquired in September 2014
  • Ground floor shop unit expending to 2,200sqft overlooking new car park.
  • Planning Permission obtained for change of use to Class 3 restaurant, Class 2 office and Class 1 retail.
  • Planning Permission obtained to split shop unit into two units.
Allermuir Estates

Stretford Mall, Stretford, Manchester.

  • Acquired for £46m in June 2002
  • Sold:    £79m Dec 2006
  • Leasehold interest from Trafford Metropolitan Borough Council.
  • 360,000sq.ft shopping centre plus 1,050 car spaces.
  • 97 units including Tesco and Somerfield supermarkets.
  • Rent roll of c.£3.6m.
  • Settlement of over 20 rent reviews increasing Zone A rentals by over 20%.
  • Extensive rebranding and marketing undertaken.
  • Planning permission obtained for a 15,000 sq ft extension and partial redevelopment of the market hall.
  • New stair and lift access to upper mall formed.
Allermuir Estates

The Artizan Centre, Dumbarton

  • Purchased:     £14.4m     Sep 2004
  • Sold:    £17.8m     Aug 2006
  • 125,000sq.ft shopping centre.
  • 29 units with tenants including New Look, Peacocks, and Kwik Save.
  • Worked with Council on Town Centre Retail Strategy.
  • Introduced service charge regime.
  • Refurbished 10,000sq.ft of first floor offices.
  • Signage and urban realm schemes prepared.
Allermuir Estates

42 Union Street, Dundee

  • Acquired in 2013
  • Planning Consent received in January 2013 for alterations to the shop front and for Change of Use to Class 3 Restaurant,
    Class 2 Offices and Class 1 retail.
  • Unit let to local operator at rent of £20,000pa.
  • Investment sold November 2013
Allermuir Estates

Cadzow Place, Edinburgh

  • Acquired in May 2010
  • Refurbished shop unit and split off basement.
  • Ground Floor Shop unit let in November 2011 on long lease. Rent £15,000pa.
  • To be sold in 2014
Allermuir Estates

Penicuik Shopping Centre, Penicuik

  • Purchased:    £9.2m    Jun 2000
  • Sold     £11.2m Jun 2003
  • Leasehold interest from East Dunbartonshire Council.
  • 78,249sq.ft shopping centre plus 200 car spaces.
  • 20 retail units, Tesco supermarket, food court and kiosk units.
  • Rent of c.£1m pa.
  • New food court opened at first floor.
  • Plans prepared for extension to adjoining Regent Gardens
Allermuir Estates

The Regent Centre, Kirkintilloch

  • Purchased:    £3.2m    Jun 1999
  • Sold:    £5.5m    Jun 2003
  • Leasehold interest from Midlothian Council.
  • 48,110sq.ft shopping centre plus 141 car spaces.
  • 15 retail units and Safeway supermarket.
  • Rent of c.£450,000pa
  • Planning permission obtained to create 2 additional retail units.
  • Leasehold Interest and additional land acquired from Midlothian Council.
Allermuir Estates

Great Western Road, Glasgow

  • Acquired in 2009 for £150,000.
  • Let to Class 2 operator, Fostering Solutions Ltd for 10 years (TBO Yr 5) at rent of £17,500pa.
  • Investment Return - 11% approx.
  • Current Value - £180,000. NIY 9.5%.
Allermuir Estates

Gilmore Place, Edinburgh

  • Purchased in 2009
  • Scheme worked up for conversion to 2 No. residential units.
  • Sold in 2010
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