Our former property in Lytham St Annes was originally acquired in 2004 with two floors of tired offices above retail. With a strong location underpinning the investment opportunity we were able to gain planning to add an extra floor to the building, convert the office space into a Travelodge hotel and considerably improve the value of the retail element by adding a M&S Simply Food and Costa to the parade. Having generated an AWULT of more than fifteen years the asset was sold to Savills Investment Management for £6.7m in August 2017.