National deals round-up

LEISURE Broadford Hotel, Broadford, Isle Of Skye IV49 9AB ■ Size: 11 bedrooms ■ Date of deal: 23/05/2017 ■ Price: £725,000 ■ Vendor: Perle Hotels ■ Purchaser: Bluebelt Hospitality ■ Vendor’s agent: Colliers International INDUSTRIAL Unit 10, Hellesdon Park Industrial Estate, Norwich NR6 5DR ■ Size: 3,423 sq ft (318 sq m) ■ Date of deal: 31/03/2017 ■ Rent: £21,500pa, six-year lease, mutual break at year three ■ Lessor’s agent: Bidwells Property Consultants ■ Lessee: East Anglia Copper Recycling   Unit 12, Morton Park Industrial Estate, Darlington DL1 4PJ ■ Size: 2,604 sq ft (242 sq m) ■ Date of deal: 15/05/2017 ■ Rent: £12,396 pa, five-year lease ■ Lessor: Rockspring UK Value 2 Caisson (Jersey) ■ Lessor’s agent: Caisson Investment Management ■ Lessee: Autoglaze Darlington   Unit 49, Kelvin Way Trading Estate, West Bromwich B70 7TN ■ Size: 2,499 sq ft (283 sq m) ■ Date of deal: 26/05/2017 ■ Rent: £15,986, eight-year lease ■ Lessor: Rockspring UK Value 2 Caisson (Jersey) ■ Lessor’s agent: Caisson Investment Management ■ Lessee: Staffordshire and West Midlands Community Rehabilitation Company   Unit A, Stores Road, Derby DE21 4BD ■ Size: 6,020 sq ft (559 sq m) ■ Date of deal: 11/05/2017 ■ Rent: £27,000 pa, 10-year lease ■ Lessor: Jack Cigman Trust ■ Lessor’s agent: FHP Lessee: Vertu Motors   Westfield Industrial Estate, Grays Hill Road, Cumbernauld G68 9HD ■ Size: 6,000 sq ft (557 sq m) ■ Date of deal: 10/05/2017 ■ Rent: £27,000 pa, 10-year lease ■ Lessor’s agents: Savills & JLL ■ Lessee: Trane (UK) ■ Lessor: Canmoor Asset Management   110-112 Southampton Road, Salisbury SP1 2LE ■ Size: 11,256 sq ft (1,046 sq m) ■ Date of deal: 01/05/2017 ■ Price: £1.1m, NIY 6.5%, Rental Income £76,000 pa ■ Vendor’s agent: Myddelton & Major ■ Purchaser: Pickwick Estates   OFFICE  1-7 The Downs, Altrincham WA14 2QD ■ Size: 6,826 sq ft (634 sq m) (includes retail space) ■ Date of deal: 01/04/2017 ■ Price: £725,505, NIY 5.27%, Rental income £38,246 pa ■ Vendor’s agent: Regional Property Solutions ■ Vendor’s agent: Thomas Willmax ■ Vendor: Willan Investments ■ Purchaser: TELL Holdings   Ground Floor, 10SP, 10 South Parade, Leeds LS1 5QY ■ Size: 2,700 sq ft (251 sq m) ■ Date of deal: 15/05/2017 ■ Rent: £67,500 pa, 10-year lease ■ Lessor: Wilton Developments ■ Lessor’s agents: Knight Frank & WSB Property Consultants ■ Lessee: SCP   Suite A, Tollbar House, Tollbar Way, Southampton SO30 2ZP ■ Size: 3,866 sq ft (359 sq m) ■ Date of deal: 21/04/2017 ■ Rent: £71,500 pa, 10-year lease, six months rent free, rent review year five ■ Lessor: Horatio Properties ■ Lessor’s agent: Hughes Ellard ■ Lessee: Solent Pizza   Unit A, Swallow Court, Saxon Business Park, Bromsgrove B60 4AD ■ Size: 2,213 sq ft (206 sq m) ■ Date of deal: 15/05/2017 ■ Price: £200,000 ■ Vendor: KSI Technologies ■ Vendor’s agent: GJS Dillon ■ Vendor: Oakland BE   RETAIL 12-18 West Street, Chichester PO20 9AA ■ Size: 69,313 sq ft (6,439 sq m) ■ Date of deal: 24/04/2017 ■ Price: £13.4m, NIY 5.25%, Rental Income: £752,585 pa ■ Vendor: TH Real Estate ■ Vendor’s agent: Fawcett Mead ■ Purchaser: Savills Investment Management ■ Lessee: House of Fraser   21 High Street, Tring HP23 5AR ■ Size: 1,080 sq ft (100 sq m) ■ Date of deal: 03/05/2017 ■ Rent: £36,000 pa, 20-year lease, five yearly rent reviews ■ Lessor’s agent: Aitchison Raffety ■ Lessee’s agent: Drake and Company ■ Lessee: Bakalori Restaurants   3, 4 & 5 King Edward Street, Oxford OX1 4HS ■ Size: 1,640 sq ft (152 sq m) ■ Date of deal: 05/05/2017 ■ Rent: £51,500 pa, 20-year lease, breaks at years five and 10, three months rent free ■ Lessor’s agent: Cluttons ■ Lessor: Oriel College ■ Lessee: Start It Up   60 Albany Road, Cardiff CF24 3RR ■ Size: 1,188 sq ft (110 sq m) ■ Date of deal: 15/04/2017 ■ Rent: £14,000 pa, 10-year lease, break and review at year five, three months rent free ■ Lessor’s agent: Emanuel Jones ■ Lessor: Great Malvern Holdings ■ Lessee: Harry Harper Estate Agents   Victoria Buildings, Stockton Heath WA4 2EN ■ Size: 31,333 sq ft (2,910 sq m) ■ Date of deal: 24/05/2017 ■ Price: £9,500,000, NIY 6.44%, Rental Income £653,147 pa ■ Vendor: LRE Capital ■ Vendor’s agents: Hartnell Taylor Cook & Capita Real Estate ■ Purchaser: Columbia Threadneedle Investments ■ Purchaser’s agent: KLM Retail EG’s Most Active Agent competition winners Bedfordshire 1. Kirkby & Diamond 2. Lambert Smith Hampton 3. Brown & Lee 4. SR Wood & Son 5. Savills Dealmaker: Andrew Clarke, Kirkby & Diamond Luke Tillison, partner at Kirkby & Diamond, writes: “Industrial take-up has remained resilient, with rental levels at a 10-year high, partially driven by stock levels at a 10-year low. The A421 dual carriageway has provided fantastic road links to the M1, creating a new era for Bedford’s logistics market. The office sector has also seen a marked increase, albeit predominantly on a freehold basis as investors are taking full advantage of permitted development rights, creating something of a bubble. This has created an influx of new houses capitalising on the excellent train service into London. Looking ahead, Bedford is well placed to succeed with the hope of some speculative development soon. To submit your deals please e-mail deals@egi.co.uk or tweet @egideals