Morleys Estates
24 East Street secured on Chichester’s prime pitch
Morleys Estates has completed the purchase of a freehold retail building on East Street, one of Chichester’s principal pedestrianised pitches, let to Space NK with Molton Brown adjacent.
The 2,152 sq ft unit is considered under-rented against current East Street tone, offering scope to improve income at the next review, with a development angle to the rear of the site subject to planning.
The acquisition continues a concentrated programme in the city, where the estate already holds a number of other assets.
development sites and department store premises
Morleys has completed the disposal of 103–111 Mitcham Road. The property extends to approximately 9,853 square feet and provides commercial accommodation arranged across the ground and upper floors.
Morleys has completed the acquisition of 71 High Street, a prominent 1,755 sq ft unit on Winchester’s principal retail pitch, in the heart of the historic cathedral city. The High Street is the city’s main pedestrianised shopping street and is tightly held, with few opportunities of this size reaching the market. Winchester draws on an affluent local catchment together with a substantial year-round visitor trade, which supports occupier demand and rental levels along the pitch.
Morleys acquires prime Guildford corner property
Morleys has completed the acquisition of 65–66 North Street, a prominent 7,004-square-foot corner property occupied by Caffè Nero and Bravissimo. The property is situated close to The Friary Centre, with nearby retailers including itsu, Decathlon and Sweaty Betty. The proposed pedestrianisation of North Street is expected to strengthen the location further, while the upper floors provide potential for residential conversion, subject to planning permission.
Morleys acquires North House in central Chichester
Morleys has completed the acquisition of North House, a 6,377-square-foot mixed-use property occupying a prime position on pedestrianised North Street, close to the historic Market Cross. The property comprises three prominent ground-floor retail units and six self-contained flats. The upper floors also offer potential for reconfiguration into a revised mix of one- and two-bedroom homes, subject to the necessary consents.
Launton Trade Park reaches full occupancy
Launton Trade Park is now fully occupied, with tenants secured across every unit within the established multi-let trade and industrial estate. The 25,808-square-foot estate suits trade counter and light industrial occupiers, and its position close to Bicester town centre and the A41 continues to draw steady interest from local and regional businesses. Full occupancy places the estate on a secure income footing and reflects continuing demand for well located trade space in the town, where new supply remains limited.
Acquisition of Launton Trade Park completes
Morleys has completed the purchase of Launton Trade Park, a 25,808-square-foot multi-let trade and industrial estate close to Bicester town centre and the A41. The estate comprises trade and light industrial units, giving a spread of income across several tenants rather than reliance on a single covenant. Bicester’s M40 position, population growth and limited supply of modern trade space all support rental prospects.