Discipline: Agency - retail
Glasgow - Dennistoun
When we spotted three small retail units in Dennistoun in Glasgow's East End, we felt that they had great potential for a small investor, despite the fact that all untis were vacant. They had all been refurbished in the past and presented a great opportunity for small retail / office operators in an area where there is generally good demand from small businesses.
We negotiated a reduced price for all three for a Glasgow based investor and then embarked on a very low key but effective marketing campaign, focussed on the local market.
It took us only one month to undertake marketing, generate interest and let the properties (all on standard lease agreements) to local companies, each of whom has invested in their unit by undertaking redecoration and improvement works.
Our client has obtained an excellent return on their intial investment and is now seeking more similar opportunities.