National deals round-up

Industrial 1 Bentalls, Pipps Hill Industrial Estate, Basildon SS14 3BS ■ Size: 32,932 sq ft (3,059 sq m) ■ Date of deal: 15/05/2017 ■ Price: £2,000,000, £197,592 pa rental income, 10-year lease with fixed annual uplifts of 2% ■ Vendor’s agent: Lewis Ellis ■ Vendor: Merson Signs Limited ■ Purchaser: AEW UK REIT PLC Part Block A, St Davids Industrial Estate, Pinewood Court, Pengam, Blackwood NP12 3SL ■ Size: 4,367 sq ft (406 sq m) ■ Date of deal: 31/05/2017 ■ Rent: £21,835 pa, 10-year lease, break and review at year 3, 3 months rent free ■ Lessor’s agent: Brinsons ■ Lessee: Toolstation Unit 1 Braunstone Frith Industrial Estate,Murrayfield Road, Leicester LE3 1UW ■ Size: 44,269 sq ft (4,113 sqm) ■ Date of deal: 01/06/2017 ■ Price: £250,000 ■ Vendor: Marks Electrical Limited ■ Vendor’s agent: FHP Property Consultants ■ Purchaser: Diamond Estates Limited Unit 4 Eastcote Industrial Estate, Field End Road, Ruislip HA4 9XG ■ Size: 4,500 sq ft (418 sq m) ■ Date of deal: 31/05/2017 ■ Rent: £47,500 pa, 10-year lease, 3 months rent free, rent review at year 5 ■ Lessor’s agent: VDBM ■ Lessee: Total Business Consultants Limited Unit 46, Kelvin Way Trading Estate, West Bromwich B70 7TN ■ Size: 3,005 sq ft (279 sq m) ■ Date of deal: 19/06/2017 ■ Rent: £15,776 pa, 5-year lease ■ Lessor: Rockspring UK Value 2 Caisson (Jersey) Ltd ■ Lessor’s agent: Caisson Investment Management ■ Lessee: RMG Logistics Limited Office Ground Floor West, White Horse Business Park, Derby Court, Epsom Square, Trowbridge BA14 0XG ■ Size: 4,832 sq ft (449 sq m) ■ Date of deal: 22/06/2017 ■ Rent: £53,000 pa, 10-year lease ■ Lessor: BP Estates Limited ■ Lessee: Roger Bullivant Limited ■ Lessee’s agent: Knight Frank Hartshead House, 2 Cutlers Gate, Sheffield S4 7TL ■ Size: 61,638 sq ft (5,726 sq m) ■ Date of deal: 15/06/2017 ■ Price: £20,165,000, NIY 5% ■ Vendor: Ediston Opportunity Fund ■ Purchaser: UK Commercial Property Trust ■ Purchaser’s asset manager: Standard Life Investments Limited ■ Lessee: Capita PLC Units 35 & 35a, Kingfisher Court, Hambridge Road, Newbury RG14 5SJ ■ Size: 2,312 sq ft (215 sq m) ■ Date of deal: 16/05/2017 ■ Rent: £16,000 pa, 10-year lease ■ Lessor’s Agent: Quintons Commercial ■ Lessee: Countryside Books Retail 113 High Street, Lanark ML11 7LN ■ Size: 5,728 sq ft (532 sq m) ■ Date of deal: 21/06/2017 ■ Rent: £25,000 pa, 6-year lease ■ Lessor: Bystone Estates ■ Lessor’s agent: Culverwell ■ Lessee: Debra Charity Shop 123-129 Portland Road, Hove BN3 5QY ■ Size: 2,228 sq ft (207 sq m) ■ Date of deal: 15/05/2017 ■ Rent: £37,500 pa, 10-year lease ■ Lessor: FPC Convenience ■ Lessor’s agent: Cradick Retail ■ Lessee: Costa 16a Buttermarket, Bury St Edmunds IP33 1DB ■ Size: 864 sq ft (80 sq m) ■ Date of deal: 19/05/2017 ■ Rent: £23,000 pa, 10-year lease, break at years 3 & 5 ■ Lessor’s agent: Barker Storey Matthews ■ Lessor: Hitchin Property Trust Limited ■ Lessee: Mr Simms Olde Sweet Shoppe 19-20 Market Place, Wednesbury WS10 7AY ■ Size: 7,112 sq ft (661 sq m) ■ Date of deal: 19/06/2017 ■ Rent: £23,500 pa, lease assigned until 14/05/19, 3 months rent free period ■ Assignor: Brighthouse ■ Assignor’s agent: Smith Price ■ Assignee: Wed2B 71 Blackburn Road, Accrington BB5 1JJ ■ Size: 844 sq ft (78 sq m) ■ Date of deal: 05/06/2017 ■ Rent: £7,500 pa, 10-year lease, 5th year break & review ■ Lessor: Ferngreen Limited ■ Lessor’s agent: Cottrell Commercial ■ Lessee: Betfred 9 Crown Street, Ayr KA8 8AG ■ Size: 5,160 sq ft (479 sq m) ■ Date of deal: 01/06/2017 ■ Rent: £16,000 pa years 1 & 2 & £18,000 years 3 to 5, 5-year lease ■ Lessor: Gari Fortuna Limited ■ Lessor’s agent: Shepherd Commercial ■ Lessee: Punjab Pakora Office 3, Pearl House, 5 Commondale Way, Bradford BD4 6SF ■ Size: 1,425 sq ft (132 sq m) ■ Date of deal: 26/05/2017 ■ Rent: £20,104 pa, 2-year lease ■ Lessor: BW Sipp Trustees ■ Lessor’s agents: Andrew Idle Associates & Eddisons ■ Lessee: Quest Solutions UK Limited Unit G7, 49 Oldham Street, Manchester M1 1JR ■ Size: 1,811 sq ft (168 sq m) ■ Date of deal: 15/06/2017 ■ Rent: £21,250 pa, 6-year lease, 6 months rent free, 3 year review & break ■ Lessor: Aegon UK Property Fund ■ Lessor’s agents: LSH and Daniel Harris & Co ■ Lessee: Colab Limited EG’s Most Active Agent competition winners MERSEYSIDE 1. CBRE 2. Hitchcock Wright & Partners 3. B8 Real Estate 4. Keppie Massie 5. Lambert Smith Hampton Dealmaker: Brian Ricketts, Hitchcock Wright & Partners “The Merseyside region as a whole continues to fair well but shortage of good quality grade-A and B stock is likely to become an issue moving towards the end of 2017 and Q1 2018. “City centre take-up in Q1 was 45,000 sq ft, well below the five-year average. However, there is in excess of 425,000 sq ft of deals in the immediate pipeline, which would be a record if all are completed in Q2. “Incentives to tenants continue to decline and rents and capital values are gradually increasing, which bodes well for a more sustainable commercial office market over the next 12 months or so.”   To submit your deals please e-mail deals@egi.co.uk or tweet @egideals