National deals round-up

Most active agent winner: Lincolnshire PPH Commercial Lambert Smith Hampton Banks Long & Co Clark Weightman Barker Story Matthews Dealmaker: Duncan Willey, PPH Commercial ‘The commercial property market in the Lincolnshire area has shown real signs of improvement following the outcome of the General Election, which has served to increase transactional activity throughout all sectors as a result of improved business confidence. The industrial sector has performed very strongly and occupation levels now exceed 95%. This has put huge pressure on existing industrial stock levels resulting in increasing prices/rents rising. As a result of this we are now starting to see speculative development take place which has previously been very limited over the last decade due to viability concerns. The region benefits from its accessibility to the Humber ports of Immingham and Grimsby, which are valuable attributes to support a wide sector of employment uses across the region.” INDUSTRIAL 1400 Blueprint, Dundes Road, Portsmouth PO3 5RW Size: 12,615 sq ft (1,172 sq m) Date of deal: 19/12/2019 Rent: £95,000 pa, 10-year lease, rent review and break at fifth year, three months rent free Lessor: Glenhouse Estates Lessor’s agent: Vail Williams Lessee: In2 Events Site 5, Endeavour Drive, Westhill AB32 6UF Size: 22,885 sq ft (2,126 sq m) Date of deal: 05/03/2020 Rent: £230,000 pa, five-year lease, six months rent free Lessor: Beechleigh Property Holdings Lessor’s agent: FG Burnett Lessee: Tetra Technologies UK Lessee’s agent: Knight Frank Unit 6, Commerce Way, Dale Hall Industrial Estate, Lawford CO11 1UT Size: 2,200 sq ft (204 sq m) Date of deal: 28/02/2020 Rent: £15,500 pa, three-year lease Lessor’s agent: Fenn Wright Lessee: MPH   OFFICE 4 Dean Park Crescent, Bournemouth BH1 1HL Size: 304 sq ft (28 sq m) Date of deal: 29/01/2020 Rent: £7,000 pa, 15-month lease Lessor’s agent: Ellis & Partners Lessee: Protection Refined Ground Floor, Murrayburgh House, 17 Corstorphine Road, Edinburgh EH12 6DB Size: 2,283 sq ft (212 sq m) Date of deal: 31/01/2020 Rent: £31,962 pa, 10-year lease, five-year lease break Lessor: Eastern Properties (Scotland) Lessor’s agent: Ryden & Montagu Evans Park House, 1 Park Square, Newport NP20 4EL Size: 3,072 sq ft (286 sq m) Date of deal: 01/03/2020 Rent: £40,000 pa, five-year lease, 12 months rent free Lessor’s agent: NP Linnells Lessee: Wadham College Unit 140 Centennial Park, Elstree WD6 3SJ Size: 11,144 sq ft (1,035 sq m) Date of deal: 30/03/2020 Rent: £178,304 pa, 10-year lease Lessor: Aviva Investors Lessor’s agent: Brasier Freeth & DTRE Lessee: Health Services Laboratories Lessee’s agent: DWD Unit J1, The Point Business Park, Weaver Road, Lincoln LN6 3QN Size: 1,800 sq ft  (167 sq m) Date of deal: 19/02/2020 Price: £255,000 Vendor’s agent: Banks Long & Co Purchaser: Witham Financial Services RETAIL 35-37 Deardengate, Rossendale BB4 5QN Size: 3,900 sq ft (362 sq m) Date of deal: 24/01/2020 Price: £94,000 Vendor: Gorgemead Vendor’s agent: Madison Commercial Purchaser: Mannings Bakery Dunelm Mill Unit, Pellon Lane, Halifax HX1 5RA Size: 29,894 sq ft (2,777 sq m) Date of deal: 15/03/2020 Price: £2,200,000 Vendor: Kames Capital Vendor’s agent: Commercial Property Partners Purchaser: Parkside Props To submit your deals, please e-mail deals@egi.co.uk