EG’s Most Active Agent competition winners
Hampshire
- Lambert Smith Hampton
- Primmer Olds BAS
- Hughes Ellard (now trading as Vail Williams)
- London Clancy
- Hollis Hockley
Dealmaker: Dan Rawlings, Lambert Smith Hampton
“Despite gloomy predictions, we have seen the industrial occupational and investment market go from strength to strength, without signs of economic uncertainties constraining the market. This year we secured the region’s first double-digit rents in the mid-box range, witnessed further hardening of yields and the marginalisation of headline rents between refurbished prime and secondary stock.”
EG’s Most Active Agent competition winners
Hampshire
Lambert Smith Hampton
Primmer Olds BAS
Hughes Ellard (now trading as Vail Williams)
London Clancy
Hollis Hockley
Dealmaker: Dan Rawlings, Lambert Smith Hampton
“Despite gloomy predictions, we have seen the industrial occupational and investment market go from strength to strength, without signs of economic uncertainties constraining the market. This year we secured the region’s first double-digit rents in the mid-box range, witnessed further hardening of yields and the marginalisation of headline rents between refurbished prime and secondary stock.”
RETAIL
414-416 Wilbraham Road, Chorlton M21 0SD
Size: 2,751 sq ft (256 sq m)
Date of deal: 15/10/2018
Rent: £42,000 pa, 15-year lease, break at years five and 10, two months rent free
Lessor’s agent: WT Gunson
Lessee: Sunrise Caribbean
8-10 Bank Street, Sevenoaks TN13 1UW
Size: 444 sq ft (41 sq m)
Date of deal: 12/10/2018
Rent: £25,000 pa, 15-year lease, three months rent free, tenant-only break at year five, rent review at years five and 10
Lessor’s agent: Salisbury & Co
Lessee: Bluebell Bars
9 King Street, Sudbury CO10 2EB
Size: 554 sq ft (51 sq m)
Date of deal: 31/10/2018
Rent: £8,750 pa, five-year lease, one month rent free, break at year three
Lessor’s agent: Nicholas Percival
Lessee: Fairhurst Menuhin & Co
Unit 77/78 The Centre, Livingston EH54 6NB
Size: 1,260 sq ft (117 sq m)
Date of deal: 31/10/2018
Rent: £20,000 pa, five-year lease
Lessor: Hines UK
Lessor’s agents: Eric Young & Co and Savills
Lessee: Rajo Hair & Beauty
Lessee’s agent: Sutherland Brown
OFFICE
1st floor, Toronto Square, Leeds LS1 2HJ
Size: 6,291 sq ft (584 sq m)
Date of deal: 15/09/2018
Rent: £143,120 pa, 10-year lease
Lessor: JP Morgan Asset Management
Lessor’s agents: CBRE and Savills
Lessee: Softcat
Lessee’s agent: Lambert Smith Hampton
55 Brompton Road, London SW3 1DP
Size: 2,370 sq ft (220 sq m)
Date of deal: 01/09/2018
Rent: £150,500 pa, five-year lease
Lessor’s agent: Edward Charles & Partners
Lessee: Borealis Maritime
7 The Oaks, Clews Road, Redditch B98 7ST
Size: 1,369 sq ft (127 sq m)
Date of deal: 15/10/2018
Rent: £15,000 pa, five-year lease, four months rent free, break at year three
Lessor: St Mowdens
Properties
Lessor’s Agent: GJS Dillon
Lessee: Cava Security Systems
INDUSTRIAL
Toltec, 1,120 Aztec West Business Park, Almondsbury, Bristol BS32 4TF
Size: 90,241 sq ft (8,384 sq m)
Date of deal: 11/10/2018
Price: £8,250,000, NIY 15.25%
Purchaser: Delta Properties
Purchaser’s agent: WhiteCity IB
Vendor’s agent: CBRE
650 City Gate, London Road, Derby DE24 8WY
Size: 8,738 sq ft (812 sq m)
Date of deal: 18/10/2018
Rent: £60,000 pa, 10-year lease, tenant break at year five, upward-only rent review at year five
Lessor’s agent: BB&J
Lessee: MA Ford Europe
Lloyds Court, Cleveland Street, Darlington DL1 2NY
Size: 16,654 sq ft (1,547 sq m)
Date of deal: 29/09/2018
Price: £500,000, NIY 10.3%
Vendor: The Ward Group
Vendor’s agent: Carver Commercial
Purchaser: Audley Group
Purchaser’s agent: Greenco Properties
Unit 1, Orbital Way Industrial Estate, Windmill Lane, Denton M34 4QA
Size: 14,360 sq ft (1,134 sq m)
Date of deal: 15/09/2018
Rent: £80,000 pa, 15-year lease, break at year 10
Lessor’s agent: Brackenridge Hanson Tate
Lessee: Howdens
Unit 17, Central Trading Estate, Marley Way, Saltney CH4 8SW
Size: 4,710 sq ft (438 sq m)
Date of deal: 02/10/2018
Rent: £28,260 pa, five-year lease, review at year five, 11 months rent free
Lessor: Westbrook Properties
Lessor’s agent: Legat Owen
Lessee: General Traffic
Unit 31, Balmore Industrial Estate, Glentanar Road, Glasgow G22 7XS
Size: 1,599 sq ft (149 sq m)
Date of deal: 17/09/2018
Rent: £5,800 pa, one-year lease
Lessor: City Property (Glasgow)
Lessor’s agent: Graham & Sibbald
Lessee: Parsford
Units 1-5, Toomebridge Business Park, Creagh Road, Toomebridge BT41 3SG
Size: 10,012 sq ft (930 sq m)
Date of deal: 17/09/2018
Rent: £50,000 pa, five-year lease
Lessor’s agent: Lambert Smith Hampton
Lessee: DTS Transport
Unit 4, Fleet Business Park, Sandy Lane, Fleet GU52 8BF
Size: 3,632 sq ft (337 sq m)
Date of deal: 15/10/2018
Rent: £42,500 pa, five-year lease, two months rent free, break at year six
Lessor’s agents: Hollis Hockley & Hurst Warne
Lessor: Sibert Instruments
Lessee: Andscon
Unit 4, March Place Industrial Estate, March Place, Aylesbury HP19 8UG
Size: 1,208 sq ft (112 sq m)
Date of deal: 15/10/2018
Rent: £8,700 pa, five-year lease, one month rent free, tenant break at year two
Lessor: Dunedin UK Industrial Property
Lessor’s agent: Chandler Garvey
Lessee: Right Choice Carpets
To submit your deals, please e-mail deals@egi.co.uk