88/89 MARKET JEW STREET PENZANCE
88/89 MARKET JEW STREET PENZANCE adjoins Wharfside Shopping Centre and was purchased in 2008 by Charville and is let on a 99 year lease from 29th September 1972 at a current rent of £22.6k pa to Yelverflo Ltd which reflects 50% of the passing rent. Peacocks occupy the property on a sub lease from Yelverflo for 5 years from 19th August 2021 at £42.5k pa plus 7% of turnover. Originally paying £85k pa this reflects the significant changes in the High Street in the past five years.
14/18 WESTLEGATE NORWICH
14/18 WESTLEGATE NORWICH was purchased in 2016 as a long term investment with proceeds from the sale of the two shopping centres and a mortgage from Aldermore Bank. Unfortunately Evans Cycles went into Receivership 12 months later in December 2016 and Sports Direct took over the company. Evans were paying £90k pa on a ten year lease but Sports Direct refused to pay any rent but agreed to remain in occupation on a Licence paying just rates and service charge but no rent. Eventually on 30th May 2022 a new lease for three years was signed by SDI Property (Evans Cycles) Limited following our decision to issue a 60 day Notice to Quit on 1st April 2022. The rent is £20k pa including service charge. Rates payable are £28,750 pa. 3 month mutual break clause. Asiabase Limited have signed a 10 year lease from March 4th 2023 at a rent of £27,500 pa with a rent review after 5 years. Backed by Saudi Arabian money they invested £250k in a superb fit out and they are now trading as “MyMakan” a Malaysian restaurant with a House Speciality of Beef Rendang and an exciting non alcoholic cocktail made by a crushed water melon machine.
OUR PROJECTS
48 PIER AVENUE CLACTON ON SEA
The first acquisition in June 1982 having been trading only 10 months. Bought at auction for £168K refurbished and extended, let to Mothercare, and sold to Royal Insurance for £320k. Still trading as Mothercare after 40 years.
25 FORE STREET BODMIN
Built in 1982 at a cost of £140k and sold to the Halifax Building Society for £220k. Still trading as Halifax Bank after 40 years.
33/37 REGENT STREET SHANKLIN
Built in 1984 on a vacant site purchased from the Co-op. Cheltenham and Gloucester Building Society had had a requirement for a branch office for many years. Charville managed to secure planning consent for two retail units and one office unit and pre sold two units to Cheltenham & Gloucester for £250k. The remaining freehold was sold for £110k to a local company.
30/31 HIGH STREET RYDE
Built in 1988 and let to Share Drug Stores and sold to National Pension Fund for Nurses. Now trading as Superdrug.
128 HIGH STREET HUNTINGDON
was acquired in 1985 and had an old frontage entrance for horse carriages. It was agreed with the adjoining owners to split this land and incorporate it in a new development. The unit was let to Home Charm and sold to The Master Fellows and Scholars of Emmanuel College in the University of Cambridge. Now trading as Specsavers.
18 MARKET PLACE NUNEATON
Demolished and rebuilt in 1988 and let to the opticians Miller & Santhouse plc and subsequently sold to Target Assurance for £525k. Now trading as Boots Opticians.
PONDBRIDGE HILL LISKEARD
was a new supermarket built for International Stores in 1985. There was a contract race for the acquisition of the site and our solicitors travelled on the overnight train to secure exchange of contracts by 12 noon the next day. Total development cost was £850k. That year Charville managed to build two supermarkets for International Stores out of their national expansion programme of twelve stores.
PONDBRIDGE HILL LISKEARD
was a particularly challenging site and shale was discovered during the site works which Charville had quarried out at an extra cost of £100k. Poundland now trading from this unit.
THE GROVE CENTRE WITHAM
shortly after it was built in 1989. With Tesco as the anchor the shops let well and produced an income of over £500k. It is still fully let and some original tenants are still trading.
THE GROVE CENTRE WITHAM ESSEX
The site for THE GROVE CENTRE WITHAM ESSEX was first offered to Charville in 1982 by a local agent who advised that Braintree District Council would only deal with a developer who had a proven track record. Charville had been trading less than 12 months and had not carried out any schemes!!! The shopping centre was completed in September 1988 at a cost of £7.5m. It was anchored by a Tesco store of 40,000 sq ft who forward bought the freehold for £3.5m. Tesco advanced a pre-payment of £1 million to get the scheme started. The remaining scheme comprised 23 shop units and surface car parking for 369 cars together with a new Ring Road. Built in brick and tile it has weathered extremely well with virtually nil maintenance. To build the Ring Road a Performance Bond was required and this process enabled an introduction to Banque Internationale a Luxembourg. BIL provided the facility to build The Grove Centre until we refinanced with Bradford & Bingley in 2008. These two banks enabled Charville to hold and manage the Grove Centre for 27 years.
THE GROVE CENTRE
The centrepiece of THE GROVE CENTRE was a 45 year old Oak Tree imported from Germany in 1987 at a cost of £6,000. The tree was repotted every 3 years during it's lifetime to limit root ball growth to enable eventual transportation. This echoed the design of The Grove Centre logo which has three Oak Trees.
Cutting the sod at The Grove Centre
A traditional cutting of the sod ceremony in 1987 with Fairclough Building and our partners Braintree District Council.
HIGH STREET HALSTEAD ESSEX
New Supermarket for International Stores in HIGH STREET HALSTEAD ESSEX built on the site of the old Bus Station in 1985 and sold to them for £1.25m.
SAINSBURYS - HALSTEAD
Originally traded by International Stores then it became Somerfield and now trading as Sainsburys.
HALSTEAD
The rear entrance to the HALSTEAD store giving direct access from surface car park.
ALMA PLACE REDRUTH CORNWALL
The original site above was the meat market which closed after the Cattle Market on Fair Meadow became a car park. It then became a furniture depository which was burnt down on 10th September 1982 and put up for sale in a London Auction house and failed to sell. We were offered the site for £42k in 1983 and Charville acquired the building in the hope that it could be developed as a supermarket and shops. That did not materialise but thanks to an initiative from Kerrier District Council in 1998 the scheme evolved.
THE CORNWALL CENTRE REDRUTH
This aerial shows the remarkable transformation from burnt out shell lying derelict for 18 years to the completely rebuilt Cornwall Centre now owned by Redruth Town Council.
THE CORNWALL CENTRE
This aerial view shows the importance of the restoration of this crucial town centre site in REDRUTH. The Fair Meadow car park can be seen next to THE CORNWALL CENTRE. The adjoining Buttermarket has been awarded a £2.75m grant in 2022 from Heritage Lottery Fund which aims to refurbish it completely and create 15 new start up's.
MARKET WAY REDRUTH
MARKET WAY REDRUTH was located on the ground floor of The Cornwall Centre with direct access to the Cornish Studies Library. It comprised 12 small kiosk units and cafe and provided a link to Fore Street from the Fair Meadow car park through the historic Buttermarket.
THE CORNWALL CENTRE
The magnificent stone walled entrance to Market Way dating back to Victorian times. The site was previously used as a meat market by 24 butchers serving the Fair Meadow Cattle Market that is now a public car park.
THE NEW PUBLIC LIBRARY in THE CORNWALL CENTRE
The Public Library which was built as the Cornish Studies Library and is now part of the relocated Civic Centre in Redruth.
WHARFSIDE
Penzance Harbour in 1997 before WHARFSIDE was built. The site was originally used for making gas to fuel the street lights in 1830. The contamination from making gas by burning coal was still deeply embedded in the ground. Charville negotiated a capped contribution of £75k for the removal of contaminated waste. It transpired that the contaminated area was bigger than estimated and it all had to be taken to a waste dump in Bedfordshire by lorries at a final total cost to E Thomas of £264k.
WHARFSIDE SHOPPING CENTRE PENZANCE
WHARFSIDE SHOPPING CENTRE PENZANCE Charville managed to secure a covenant from Penwith District Council that they would maintain 550 car parking spaces for 50 years from 1998 in the Harbour Car Park opposite as a short stay shoppers car park. No consideration was paid. A Section 106 Agreement was entered into with Cornwall Council which involved Charville carrying out Highway Improvement works including a new Pelican crossing and Urbis Street lighting to Wharf Road.
ST MICHAEL’S MOUNT
The best view from any shopping centre in the Country. St Michaels Mount.
WHARFSIDE
The main entrance to Wharfside was originally built by another developer and was occupied by the Job Centre.
WHARFSIDE VILLAGE
Wharfside Village took "Living above the shop" to another level. All 22 houses and flats were timber framed and extremely eco friendly.
156 HIGH STREET RYDE
156 HIGH STREET RYDE originally purchased in the 80's as an investment let to the Niton Bakery but with a view to future development by acquiring the adjoining two shops.
156/158 HIGH STREET RYDE
156/158 HIGH STREET RYDE comprised three small shops and the original facade was retained and behind this a new store of 5,000 sq ft for Peacocks was built together with 5 flats above which were let to a local Housing Association. It was pre-sold to Acton Limited for £950k in 2001 then resold for £1.55m to Chamberley Limited in 2006.
