Pick of the deals from around the country this week
INDUSTRIAL
14D Teesside Industrial Estate, Perry Avenue, Stockton-On-Tees TS17 9LN
■ Size: 3,361 sq ft (312 sq m)
■ Date of deal: 01/11/2017
Pick of the deals from around the country this week
INDUSTRIAL
14D Teesside Industrial Estate, Perry Avenue, Stockton-On-Tees TS17 9LN
■ Size: 3,361 sq ft (312 sq m)
■ Date of deal: 01/11/2017
■ Rent: £12,000 pa, five-year lease
■ Lessor: North East Property Partnership
■ Lessor’s agent: Dodds Brown
■ Lessee: Torque Tune
26A Leeway Court, Newport NP19 4SL
■ Size: 53,389 sq ft (4,960 sq m)
■ Date of deal: 01/11/2017
■ Rent: £114,000 pa, one-year lease
■ Lessor’s agent: Brinsons
■ Lessee: UTS Engineering
4 Craven Way, Newmarket CB8 0BW
■ Size: 3,225 sq ft (300 sq m)
■ Date of deal: 15/10/2017
■ Rent: £17,500 pa, five-year lease
■ Lessor’s agent: Hazells Chartered Surveyors
■ Lessee: Fitsall Roofing UK]
71-75 Frampton Road, Gloucester GL1 5QB
■ Size: 3,595 sq ft (334 sq m)
■ Date of deal: 31/10/2017
■ Rent: £17,250, five-year lease
■ Lessor’s agent: Kurt Wyman Surveyors
■ Lessee: Gloucestershire Multiple Sclerosis Information & Therapy Centre
Unit 2, Craig Mitchell House, Queensway Industrial Estate, Flemington Road, Glenrothes KY7 5QH
■ Size: 4,059 sq ft (377 sq m)
■ Date of deal: 06/10/2017
■ Rent: £12,500 pa, three-year lease
■ Lessor: In-Site Property Solutions
■ Lessor’s agent: JLL & In-Site Property Solutions
■ Lessee: Roseline Logistics
Unit 2a, Desborough Industrial Park, Desborough Park Road, High Wycombe HP12 3BG
■ Size: 13,509 sq ft (1,255 sq m)
■ Date of deal: 01/11/2017
■ Price: £675,000
■ Vendor’s agent: Duncan Bailey Kennedy
■ Vendor: Physical Company
■ Purchaser: I J Plant Co
Unit 3, Nexus Point, Gavin Way, Birmingham B6 7AF
■ Size: 35,433 sq ft (3,292 sq m)
■ Date of deal: 07/11/2017
■ Price: £3,250,000, 5.1% yield
■ Vendor’s agent: KWB
■ Vendor: CCLA Investment Management
■ Purchaser: DTZ Investors UK
■ Purchaser’s agent: Harris Lamb
Unit 86, Bandeath Industrial Estate, Kersie Road, Throsk, Stirling FK7 7NP
■ Size: 1,780 sq ft (165 sq m)
■ Date of deal: 27/10/2017
■ Rent: £10,000 pa, 10-year lease, five-year tenant break, nine-month rent free period
■ Lessor: Stirling Council
■ Lessor’s agent: Graham & Sibbald
■ Lessee: Stirling Dog Behavioural Centre
OFFICE
1st Floor Morien House, Bennett Street, Bridgend CF31 3SH
■ Size: 3,694 sq ft (343 sq m)
■ Date of deal: 01/11/2017
■ Rent: £22,000 pa, one-year lease
■ Lessor’s agent: Watts & Morgan
■ Lessee: DST Innovations
1st Floor, Archipelago 5, Lyon Way, Frimley GU16 7ER
■ Size: 3,627 sq ft (337 sq m)
■ Date of deal: 01/11/2017
■ Rent: £70,730 pa, 10-year lease, six months rent free, five-year tenant break
■ Lessor: Threadneedle Property Unit Trust
■ Lessor’s agents: Kingstons and Wadham and Isherwood
■ Lessee: Autoguard Warranties
4th Floor, 1 King Street, Manchester M2 6AW
■ Size: 9,104 sq ft (846 sq m)
■ Date of deal: 03/11/2017
■ Rent: £223,000 pa, 10-year lease
■ Lessor’s agent: Sixteen Real Estate
■ Lessor: EPIC UK
■ Lessee’s agent: Tenant Advisory Group
■ Lessee: Rider Levett Bucknall
Clearwater House, Saxon Business Park, Bromsgrove B60 4AD
■ Size: 6,705 sq ft (623 sq m)
■ Date of deal: 15/11/2017
■ Price: £580,000
■ Vendor’s agent: GJS Dillon
■ Vendor: Clearwater Group
■ Purchaser: Watertight Management
Hillsborough Works, Langsett Road, Sheffield S6 2LW
■ Size: 41,982 sq ft (3,900 sq m)
■ Date of deal: 15/11/2017
■ Price: £1,300,000, 15.38% NIY
■ Vendor: Sheffield Insulation Group
■ Vendor’s agents: Crosthwaite Commercial & Knight Frank
■ Purchaser: Bracken House Properties
Riverside West, Riverside Exchange, Millsands, Sheffield S3 8NS
■ Size: 40,592 sq ft (3,771 sq m)
■ Date of deal: 01/11/2017
■ Price: £6,850,000, 7.6% NIY
■ Vendor: Schroders Investment Management
■ Vendor’s agents: Singer Vielle & Steadman Brierley
■ Purchaser: UKRO
■ Purchaser’s asset manager: Adapt Real Estate
■ Purchaser’s legal advisor: Ship Street Advisors
■ Purchaser’s agent: Savills
■ Lessee: Irwin Mitchell Solicitors
Suite 13, Newton House, Birchwood Park, Warrington WA3 6FW
■ Size: 3,257 sq ft (303 sq m)
■ Date of deal: 15/09/2017
■ Rent: £40,712 pa, five-year lease
■ Lessor’s agent: BE Group
■ Lessor: Patrizia
■ Lessee: Ionic Recruitment
Unit 6, Network 4, Lincoln Road, Cressex Business Park, High Wycombe HP12 3RF
■ Size: 2,752 sq ft (256 sq m)
■ Date of deal: 01/10/2017
■ Rent: £26,970 pa, five-year lease, three months rent free
■ Lessor’s agent: Duncan Bailey Kennedy
■ Lessor: A&O IT Services
■ Lessee: Fidget
EG’s Most Active Agent competition winners
NORTH WALES
1. Legat Owen
2. St Davids Commercial
3. Beresford Adams
4. McCartneys
5. Wild Commercial Property
DEALMAKER: Mark Diaper (Legat Owen)
“The North Wales market has showed great resilience and this, coupled with the assistance of Enterprise Zones, has enabled us to attract more businesses to the area than ever before. There is an element of new builds happening, but we need to see more assistance to get the existing schemes out of the ground.”
RETAIL
10 Blenheim Parade, Allestree DE22 2GP
■ Size: 723 sq ft (67 sq m)
■ Date of deal: 20/11/2017
■ Rent: £12,000 pa, six-year lease, three-year break and review
■ Lessor’s agent: BB&J
■ Lessee: Victoria Robert Kitchen Specialists
109 High Street, Lee-on-the-Solent PO13 9BU
■ Size: 682 sq ft (63 sq m)
■ Date of deal: 01/09/2017
■ Rent: £12,000 pa, nine-year lease, three-yearly reviews
■ Lessor’s agent: Pullen Associates
■ Lessee: The Cabin
11 King Street, Nottingham NG1 2AY
■ Size: 6,500 sq ft (604 sq m)
■ Date of deal: 01/10/2017
■ Rent: £165,000 pa, 25-year lease, 15-year break, 12 months rent free
■ Lessor: Johal Investment Pension Fund
■ Lessor’s agent: FHP Property Consultants
■ Lessee: The Alchemist
12 Duke Street, Brighton BN1 1AH
■ Size: 1,259 sq ft (117 sq m)
■ Date of deal: 29/09/2017
■ Price: £1,020,000
■ Vendor’s agent: Carr & Priddle
■ Vendor: First Charterhouse Investments
■ Purchaser: Sandon Homes
127 London Road, Camberley, Surrey GU15 3JY
■ Size: 2,348 sq ft (218 sq m)
■ Date of deal: 15/11/2017
■ Rent: £12,000 pa, three-year lease, break at year one, three months rent free
■ Lessor’s agent: Collins & Jarvis
■ Lessor: Camberley Trustees
■ Lessee: Camberley Working Mens Club
21 Prospect Place, Harrogate HG1 1LB
■ Size: 3,415 sq ft (317 sq m)
■ Date of deal: 01/11/2017
■ Rent: £135,000 pa, 10-year lease
■ Lessor: High Point Estates
■ Lessor’s agents: Central Retail Chartered Surveyors & Savills
■ Lessee: Godiva
■ Lessee’s agent: JLL
23 Tavistock Street, Bedford MK40 2RB
■ Size: 1,123 sq ft (104 sq m)
■ Date of deal: 23/10/2017
■ Rent: £12,000 pa, 10 -year lease, three-year break and review
■ Lessor’s agent: Kirkby & Diamond
■ Lessor: Broadway Mercantile Trust (Bedford)
■ Lessee: Shield Security Products
2-3 Teviot Place, Edinburgh EH1 2QZ
■ Size: 1,259 sq ft (117 sq m)
■ Date of deal: 01/11/2017
■ Rent: £32,500 pa, 20-year lease
■ Lessor’s agent: Eric Young & Co
■ Lessee: V Teviot
■ Lessee’s agent: Reis Short & Co
29a Seamoor Road, Bournemouth BH4 9AA
■ Size: 265 sq ft (25 sq m)
■ Date of deal: 18/10/2017
■ Rent: £9,900 pa, seven-year lease
■ Assignor’s agent: Willis Commercial
■ Lessee: By Arrangement
439 Gartloch Road, Glasgow G33 3TJ
■ Size: 625 sq ft (59 sq m)
■ Date of deal: 14/09/2017
■ Rent: £6,000 pa, two-year lease, one month rent free
■ Lessor: City Property (Glasgow)
■ Lessor’s agent: Graham & Sibbald
■ Lessee: Baking For You
5a Market Place, Rugby CV21 3DY
■ Size: 4,722 sq ft (439 sq m)
■ Date of deal: 01/10/2017
■ Rent: £35,000 pa, 10-year lease, five-year rent review, nine-month rent-free period
■ Lessor’s agent: Rob Alston Retail
■ Lessor: Newriver Retail (Portfolio No.6)
■ Lessee: Savers
Pollard Buildings, 1c Church Street, Frodsham WA6 7DW
■ Size: 731 sq ft (68 sq m)
■ Date of deal: 15/09/2017
■ Rent: £13,500 pa, five-year lease
■ Lessor’s agent: Cottrell Commercial
■ Lessee: Jenny Penny Florists
Shop 6, The Royal Arcade, Pershore WR10 1AG
■ Size: 1,044 sq ft (97 sq m)
■ Date of deal: 01/10/2017
■ Rent: £10,000 pa, three-year lease
■ Lessor’s agent: White Rose Chartered Surveyor
■ Lessor: Primegreen Properties
■ Lessee: Tappers of Pershore
Unit 17, Kidlington Centre, High Street, Kidlington OX5 2DL
■ Size: 558 sq ft (52 sq m)
■ Date of deal: 13/10/2017
■ Rent: £11,000 pa, five-year lease, three-year break, three months rent free
■ Lessor’s agent: VSL & Partners
■ Lessor: Eames London Estates
■ Lessee: Popa Barbers
Unit H, The Rock, The Haymarket, Bury BL9 0NT
■ Size: 1,107 sq ft (103 sq m)
■ Date of deal: 20/10/2017
■ Rent: £32,500 pa, 10-year lease
■ Lessor’s agent: Metis Real Estate
■ Lessor’s agent: Lambert Smith Hampton
■ Lessor: Kennedy Wilson
■ Lessee: The Smoke Yard
7 Rous Road, Newmarket CB8 8DH
■ Size: 653 sq ft (61 sq m)
■ Date of deal: 08/11/2017
■ Rent: £13,000 pa, five-year lease, three-year break
■ Lessor’s agent: Cheffins
■ Lessee: The Curtain Exchange
EG’s Most Active Agent competition winners
CHESHIRE
1. Legat Owen
2. BE Group
3. Morgan Williams Chartered Surveyors
4. Altus Group
5. B8 Real Estate
DEALMAKER: Will Sadler (Legat Owen)
“2017 has seen significant take-up across Cheshire, with significant office lettings in both Crewe and Chester. Occupiers within the financial services sector have been particularly active closely followed by the digital/media/technology sector. 2017 has also seen a significant increase in the number of owner-occupier transactions.”
To submit your deals please e-mail deals@egi.co.uk or tweet @egdeals