Change of use, refurbishment, complete repositioning
Location: 18-20 Hill Rise, Richmond, Surrey, TW10
Investment type: Office and retail change of use and refurbishment
Investment partner: Endurance Land
The property is located on Hill Rise close to Richmond town centre. The asset was repositioned to provide two retail units at ground floor level alongside a self-contained 4-floor office building above with a ground floor entrance and reception.
Endurance Land identified the opportunity to enhance value by changing the use of the ground floor reception from B1 office to A1 retail units and refurbishing the offices to a high specification for the local market. Successful lettings were achieved on all office floors and the retail at a substantial rent at the time for the location.