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T A Fisher Acquire Prominent Retail Parade in Yateley, Hampshire

T A Fisher Acquire Prominent Retail Parade in Yateley, Hampshire

Categories: Commercial & Investment, General

T A Fisher has acquired a prominent retail parade in the centre of Yateley, Hampshire, a busy and affluent town close to Camberley and Sandhurst.

The parade comprises ten lower retail units and an upper mix of residential and office space. The site includes significant car parking with 97 spaces in total and five lock-up garages.

Current occupiers include Reeves Butchers, Yateley Jewellers and Waterfords Estate Agents.

The parade offers significant potential for future transformation of the upper floors into a more substantial mixed-use development.

T A Fisher Managing Director, John Fisher says “The acquisition neatly ‘ticks our wish list’ in that it provides an immediate rental income from a long established local tenant base combined with genuine scope to let the vacant parts and at the same time explore more significant redevelopment opportunities”.

The agents acting for the vendor were Camplin Blanco. Partner Jonathan Bianco says, “Despite the current doldrums in the retail market, neighbourhood parades such as this one and particularly those with development potential, remain in strong demand from investors and developers. We were very pleased to market this property for long-standing clients who had owned it since its original construction in the 1970’s. The market agreed with us and we received more than a dozen offers, a number well in excess of our asking price. T A Fisher were straight-forward purchasers who delivered what they promised.”.