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Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

Red Kite Completes the Asset Management of Retail Unit in Newport

Red Kite has successfully completed the creation of 6 two-bedroom flats that have been built over a Tesco unit that was purchased for a client back in 2012.

Following a restructure of the Tesco lease and the release of the space for redevelopment of the residential units planning was sought and attained and the flats were developed out over an 8 month period.

Red Kite instructed a local agent to rent the 6 flats out on ASTs.

The client and we are please to report that all are let at £650/pcm.