National deals round-up

Pick of the deals from around the country this week, plus we reveal the most active agents in Buckinghamshire. EG’s Most Active Agent competition winners Buckinghamshire Duncan Bailey Kennedy Chandler Garvey Louch Shacklock & Partners Bidwells Lambert Smith Hampton Dealmaker: Alan Chandler, Chandler Garvey “The past 12 months have been particularly active in Buckinghamshire and winning the Dealmaker award is a very pleasing as we have been doing some great deals for our clients over this period. “The industrial sector has been particularly strong, and we are seeing the return of speculative development with several large development site sales, including two to Chancerygate that will see the development of almost 200,000 sq ft of new units in High Wycombe and Chesham. Rents are now well above £10 per sq ft and freehold prices are close to £200 per sq ft in some locations. “The office sector remains challenging, although recently we have let 40,000 sq ft of grade-A space in Marlow, with a further 20,000 sq ft under offer, at rents close to £30 per sq ft. In Aylesbury we have completed several key lettings, including space in the iconic Blue Leanie building. Demand for permitted development opportunities remains, and we have sold more than £30m of buildings recently. The retail sector is also challenging, but we are involved with new developments across the county, including a seven-units 20,000 sq ft scheme in High Wycombe town centre. “The outlook is promising as we have some great stock and several key new developments in the pipeline, along with a range of key investment and development transactions. The market isn’t easy, but with our network of four offices in the county we are best placed to advise clients on how to navigate the market place.” INDUSTRIAL Central Park, Western Approach, Severn Beach, Bristol BS35 4GG Size: 11.86 acres (4.8ha) Date of deal: 10/07/2018 Price: £7.4m Vendor: Delta Properties Vendor’s agents: GVA, Knight Frank Purchaser: Barwood Capital Purchaser’s agents: Barber Wadlow, BNP Paribas Real Estate, British Ensign Estates  Unit 1, Stadium Court, Wirral International Business Park, Bromborough CH62 3RN Size: 15,273 sq ft (1,419 sq m) Date of deal: 10/08/2018 Rent: £77,129 pa, 10-year lease, rent review at year five, 10 months rent-free Lessor’s agent: Legat Owen Lessor: Chancerygate Lessee: Ungerer Units 2 & 3, Cavendish Street Industrial Estate, Cavendish Street, Ipswich IP3 8AX Size: 4,943 sq ft (459 sq m) Date of deal: 26/06/2018 Rent: £32,500 pa, 10-year lease Lessor: Pigeon Investment Management  Lessor’s agent: Penn Commercial Lessee: Screwfix LEISURE Jacko’s, 44 Harbour Street, Nairn IV12 4NU Size: 2,782 sq ft (258 sq m) Date of deal: 20/06/2018 Price: £203,000, 15.5% yield Vendor: Belhaven Group Vendor’s agent: DM Hall Chartered Surveyors Purchaser: Caledonian Heritable OFFICE 50 Cornhill Road, Nottingham NG4 1GE Size: 3,751 sq ft (348 sq m) Date of deal: 16/08/2018 Rent: £15,000 pa, two-year lease Lessor’s agent: FHP Property Consultants Lessee: H22 Solutions  1st Floor, 6-8 Church Street, Ormskirk BB7 2DG Size: 1,018 sq ft (95 sq m) Date of deal: 26/07/2018 Rent: £6,500 pa, six-year lease, break and review at year three Lessor’s agent: Petty Chartered Surveyors Lessor: Delta View Homes Lessee: Redmayne & Co Chartered Accountants 6 & 7 Llys y Castan, Parc Menai, Bangor LL57 4FH Size: 4,638 sq ft (431 sq m) Date of deal: 26/07/2018 Rent: £21,000 pa, five-year lease, 12 months rent-free Lessor’s agent: Legat Owen Lessee: Carlton (North Wales)  Cathedral Chambers, 18-24 Campo Lane, Sheffield S1 2EF Size: 818 sq ft (76 sq m) Date of deal: 01/08/2018 Rent: £20,000 pa, six-year lease Lessor: Davison Property Investments Lessor’s agent: Crosthwaite Commercial Lessee: Acclaimed Family Law Suite G15, Gemini, Sunrise Parkway, Milton Keynes MK14 6PW Size: 792 sq ft (74 sq m) Date of deal: 03/07/2018 Rent:£9,900 pa, three-year lease, three months rent-free Lessor: HIG Bauer Property  Lessor’s agents: Bidwells and Louch Shacklock & Partners Lessee: Bodystreet Franchise (UK)  The Office Building, Gatwick Road, Crawley RH10 9RZ Size: 5,071 sq ft (471 sq m) Date of deal: 15/06/2018 Rent: £121,704 pa, 10-year lease, break and rent review at year five Lessor’s agent: BNP Paribas Real Estate Lessee: Shopsmart Agency RETAIL 4 Front Street, Sedgefield, Stockton-On-Tees TS21 3AT Size: 414 sq ft (38 sq m) Date of deal: 15/08/2018 Rent: £8,500 pa, three-year lease Lessor: YW Investment Company  Lessor’s agent: Creig Cavey Commercial Lessee: Cooper & Barr  49 High Street, Walsall WS8 6HH Size: 855 sq ft (79 sq m) Date of deal: 24/07/2018 Rent: £10,500 pa, four-year lease Lessor’s agent: Bond Wolfe Lessee: Apo’s Barbers 7 Silver Street, Bedford MK40 1SY Size: 1,032 sq ft (96 sq m) Date of deal: 27/08/2018 Rent: £30,000 pa, five-year lease, six months rent-free Lessor’s agent: JLL Lessee: TUI Lessee’s agent: PF Retail 78-80 High Street, Epsom KT19 8BA Size: 36,501 sq ft (3,391 sq m) Date of deal: 15/08/2018 Price: £5.4m, 5.9% yield Vendor’s agent: Singer Vielle Purchaser’s agent: Pelham Associates  Lessee: Wilko Retail  Car Showroom, St Leonard’s Bank, Perth PH2 8EB Size: 10,560 sq ft (981 sq m) Date of deal: 14/08/2018 Price: £950,000 Vendor: Arnold Clark (Automobiles)  Vendor’s agent: Shepherd Commercial Purchaser: Network Rail Unit 19, The Thistles Shopping Centre, Stirling FK8 2EA Size: 2,100 sq ft (195 sq m) Date of deal: 15/08/2018 Rent: £45,000 pa, 10-year lease Lessor: Aberdeen Standard Investments Lessor’s agent: Eric Young & Co and Savills Lessee: Elegance Brow & Beauty