Following on from its successful early April acquisitions, the month continues to bring further exciting investment opportunities for SRA Ventures with this prominent Stirling City Centre premises. Currently let to ‘The Works,’ a nationwide discount retail chain offering books, gifts and stationery, 17 Port Street is situated in a thriving pedestrianised thoroughfare and accommodates a spacious double fronted, two storey property.
SRA Ventures were advised on this transaction by George Nisbet, Commercial Partner of leading independent Chartered Surveyors, DM Hall. The company specialise in a wide range of residential and commercial services carried out by fully trained, accredited surveyors. DM Hall have both an impressive long established history of providing outstanding reports and strong local knowledge, and as SRA Ventures recognise the importance of collaborating with experts within the field, Chairman Shaf Rasul, knew he was able to fully rely upon the advice given. A view shared by George Nisbet, who whilst acknowledging that the investment will generate substantial long term income as a result of benefiting from its highly sought after location, is quoted as being “delighted to have advised SRA Ventures on the acquisition of this investment.”
In addition to this exciting negotiation, SRA Ventures also successfully completed transactions on an asset management opportunity based in Gorgie Road, Edinburgh. Currently operating as a newsagent, this is a substantial property within easy reach of Edinburgh City Centre and a range of entertainment facilities. The premises comes with planning consent for change of use to Class 3, and therefore SRA Ventures believe this to be a site with investment potential.
SRA Ventures pride themselves on their renowned expertise within the market which, with their local knowledge, enables them to constantly position themselves as sector leaders. The ability to locate appropriate property investments at an opportune time and carry out transactions in a timely manner is key to their success. Currently holding a wide portfolio of retail, commercial and industrial units as well as strategically located land purchases, SRA Ventures are now in a position to expand upon their recent success.
Over the next five years SRA Ventures anticipate doubling the size of their investments. Whilst this is an ambitious plan and to some companies may seem daunting, SRA Ventures believe this to be fully achievable and are confident of success. This energetic strategy is borne out by a clear focus combined with the process of offering industry leading introducer’s fees to interested parties.
The exciting journey ahead for SRA Ventures involves transacting property deals across all locations within Scotland with prices ranging from between £100,000 to £10 million. We are continually seeking properties in which to invest and actively welcome approaches from both brokers and introducers with relevant criteria. Our introducer fees are competitive, typically between 1% and 3%.
As we are in the fortunate position of having pre-arranged funding in situ for properties which meet our requirements and growth strategy, we are able to provide fast board approval. We believe these factors are paramount for our future development and eagerly anticipate our progression in the local property market.