National deals round-up

INDUSTRIAL 19 Crown Road, Enfield EN1 1TH ■ Size: 100,833 sq ft (9,368 sq m) ■ Date of deal: 31/05/2017 ■ Rent: £878,000pa, lease until 19/11/2021 (4.5 years remaining) ■ Assignor’s agents: Savills, Dohertybaines, Bowyer Bryce ■ Assignor: Plyco ■ Assignee: DHL International   Bridge Trading Estate, Bolton Road, Bury BL8 2AB ■ Size: 49,880 sq ft (4,634 sq m) ■ Date of deal: 26/05/2017 ■ Price: £2.2m, NIY 6.7%, rental income £156,000 pa ■ Vendor: Canal and River Trust ■ Vendor’s agent: Sanderson Weatherall ■ Purchaser: Marnshaw ■ Purchaser’s agent: Roger Hannah & Co   158 Drip Road, Stirling FK8 1RR ■ Size: 2,571 sq ft (239 sq m) ■ Date of deal: 01/06/2017 ■ Rent: £13,500 pa, three-year lease, two months rent free ■ Lessor’s agents: Graham & Sibbald & Ryden ■ Lessee: Dance Connection ■ Lessor: William Asher & Sons   LAND Residential Development Site, Wansbeck General Hospital, Woodhorn Lane, Ashington NE63 9JJ ■ Size: 2.4 ha (5.9 acres) ■ Date of deal: 01/04/2017 ■ Price: £1.5m ■ Vendor: Northumbria Health Care NHS Trust ■ Vendor’s agent: Cushman & Wakefield ■ Purchaser: Gleeson Homes   LEISURE Unit 4, Dominion Way Industrial Estate, Newport Road, Cardiff CF24 1RF ■ Size: 5,904 sq ft (548 sq m) ■ Date of deal: 30/05/2017 ■ Rent: £29,070 pa, 10-year lease ■ Lessor’s agents: GVA & Knight Frank ■ Lessor: John Lewis Partnership Pensions Trust ■ Lessee: Cardiff City Community Table Tennis Club   Community centre, 308 Sneinton Dale, Nottingham, NG3 7DN ■ Size: 7,874 sq ft (732 sq m) ■ Date of deal: 15/05/2017 ■ Price: £360,000 ■ Vendor’s agent: FHP Property Consultants ■ Vendor: Nottingham Roman Catholic Diocesan Trustees ■ Purchaser: Ahmadiyya Muslim Association UK   OFFICE 1st Floor, Sargasso, Maidstone Road, Sidcup DA14 5AE ■ Size: 7,876 sq ft (732 sq m) ■ Date of deal: 25/05/2017 ■ Rent: £150,000 pa, 10-year lease, nine months rent free, five-year tenant-only break and upward-only rent review ■ Lessor: Newable Properties ■ Lessor’s agent: Caxtons ■ Lessee: Sun Chemical   Elder House, Elder Gate, Milton Keynes MK9 1LR ■ Size: 72,860 sq ft (6,769 sq m) ■ Date of deal: 30/05/2017 ■ Price: £11m, NIY 8.33% ■ Vendor’s agent: Knight Frank ■ Vendor: Shelborn Asset Management ■ Purchaser’s agent: Chris Freer-Smith   Unit 2, Wellfield Business Park, Chester Road, Runcorn WA7 3FR ■ Size: 6,175 sq ft (574 sq m) ■ Date of deal: 30/05/2017 ■ Asking rent: £92,300, five-year lease ■ Lessor’s agent: Altus Group ■ Lessor’s asset manager: Blue Marble Asset Management ■ Lessee: Wentworth House Rail Systems   RETAIL 12 Forehill, Ely CB7 4AF ■ Size: 593 sq ft (55 sq m) ■ Date of deal: 02/05/2017 ■ Rent: £16,000 pa, nine-year lease ■ Lessor’s agent: Barker Storey Matthews ■ Lessor: J Green Properties ■ Lessee: Frames Conservatories Direct   18-20 Castle Lane, Belfast BT1 5DB ■ Size: 11,570 sq ft (1,075 sq m) ■ Date of deal: 01/05/2017 ■ Rent: £125,000, 10-year Lease, six months rent free, tenant break year six, rent review year five ■ Lessor’s agent: DTZ McCombe Pierce ■ Lessee: The Works ■ Lessor: Castlestone   2-4 Queen Street, Rushden NN10 0AA ■ Size: 704 sq ft (65 sq m) ■ Date of deal: 01/05/2017 ■ Rent: £7,800 pa, five-year lease, tenant-only break third year, upward-only rent review third year ■ Lessor’s agent: Prop-search ■ Lessee: Manhattan Ink (Rushden)   47 Low Petergate, York YO1 7HT ■ Size: 3,730 sq ft (347 sq m) ■ Date of deal: 01/05/2017 ■ Rent: £25,000 pa, 20-year lease, six months’ rent free, 15-year break ■ Lessor: Space Property ■ Lessor’s agent: Howard Jenkins ■ Lessee: Five Guys   68 Calverley Road, Tunbridge Wells TN1 2UJ ■ Size: 2,098 sq ft (195 sq m) ■ Date of deal: 31/05/2017 ■ Rent: £56,000 pa, 10-year lease, four months rent free ■ Lessor’s agent: Cradick Retail ■ Lessee: Magnet ■ Lessee’s agent: Sanderson Weatherall   Orchard, Paul Street, Taunton TA1 3TP ■ Size: 1,750 sq ft (163 sq m) ■ Date of deal: 23/05/2017 ■ Rent: £31,500 pa, five-year lease ■ Lessor’s agent: Savills ■ Lessor: Rockspring Property Investment Managers ■ Lessee: Yours Clothing   Shop 3, Scotts Mansion, 24 Claremont Hill, Shrewsbury SY1 1RD ■ Size: 686 sq ft (64 sq m) ■ Date of deal: 02/06/2017 ■ Rent: £7,900 pa, six-year lease, upward only rent review third year ■ Lessor’s agent: Cooper Green Pooks ■ Lessee: This, That & The Other EG’s Most Active Agent competition winners Hertfordshire 1. Brasier Freeth 2. Aitchison Raffety 3. Lambert Smith Hampton 4. Brown & Lee 5. Smiddy & Co Dealmaker: Matthew Bowen, Aitchison Raffety “The Hertfordshire property market has improved across all sectors over the past 12 months. While demand has increased slowly but consistently, supply has reduced dramatically. The office market has seen supply drop due to PD conversions and also companies moving north from London as their supply is restricted. Existing tenants are also chosing to remain in their properties as they are unable to find alternatives. Industrial has remained a low-volume market and there has been a reduced number of companies moving between properties. Again there has been an exodus of firms from London, and in south Herts generally companies have had to look north up the A1 and M1 to find suitable premises. On retail, high street and prime locations have seen low vacancy levels and increased demand, although focussing more on smaller outlets in town centres. The overall result is an increase in rents and capital values and yields reducing for investments. For offices, the increases have meant in urban centres PD conversions are less viable. Due to shortage in stock where an available property suits more than one company, best bids even on leases is becoming more common” To submit your deals please e-mail deals@egi.co.uk or tweet @egideals