As retained Agents for Compton Hospice, TSR is pleased to report the successful acquisition of a 1600 sqft retail unit in Bridgnorth Road, Wollaston, being a former convenience store, with rear and upper floor ancillary and first floor flat, and with this particular store representing a re-location for the Charity from a much smaller shop in Wollaston
Advising Compton Hospice, Ian Roberts comments that ‘’this was a complicated deal with a Head Lease needing to be restructured, an extensive refit of the premises with licence for alterations, and a Schedule of Condition applying on the Hospice’s repairing obligations. Alienation provisions were also provided for, to allow the sub-letting of the first floor flat.’’
Successfully bringing all of these factors together, this represents the 29th shop opening for Compton Hospice which continues to attract enormous support from the local community.
Compton Hospice was represented by Stuart Hodson of Underhill, Langley & Wright (Solicitors), with Top Draw dealing with the extensive shop fit. In addition to negotiating the Lease terms, Chris Hedley of TSR’s Building Surveying Team dealt with the Schedule of Condition, and Helen Bourne of the firm’s Asset Management Department is dealing with the management of the flat.
“Just a quick email to say thank you for your excellent work on our behalf. Received a letter from the Council this morning confirming our new Rateable Value and promising a refund cheque for just over £4,000. A lovely surprise in amongst the usual assortment of bills.”
“This is to confirm that we act on behalf of the Trustees of the Roman Catholic Diocese of Shrewsbury. We have on numerous occasions instructed Towler Shaw Roberts to act for the Diocese in connection with the sale of land and other dealings with Diocesan property. Our clients and ourselves have always been very satisfied […]
“TSR have once again smoothly guided us through the acquisition of another property acquisition. In addition to their on-going and invaluable help on numerous leasing issues, we look forward to continuing this relationship on our active shop development programme.”