The pick of the deals from around the country this week.
EG’s Most Active Agent competition winners
Glasgow
- Ryden
- JLL
- Colliers International
- Cushman & Wakefield
- Knight Frank
Dealmaker – Gregor Harvie (Ryden)
The pick of the deals from around the country this week.
EG’s Most Active Agent competition winners
Glasgow
Ryden
JLL
Colliers International
Cushman & Wakefield
Knight Frank
Dealmaker – Gregor Harvie (Ryden)
Quote: “The Glasgow industrial market has continued to perform well in 2018. There has been a continued reduction in available space, with many estates now fully occupied. Rental levels have carried on rising, with incentives reducing.”
INDUSTRIAL
Unit 3, The Timber Yard, Grange Road, Farnham GU10 2DQ
Size: 4,788 sq ft (445 sq m)
Date of deal: 02/11/2018
Rent: £42,500 pa, three-year lease
Lessor’s agent: Curchod & Co
Lessor: Spincrest
Lessee: Detail Ltd
Unit 7, Alma Road Industrial Estate, Alma Road, Chesham HP5 3HB
Size: 1,565 sq ft (145 sq m)
Date of deal: 01/10/2018
Rent: £12,000 pa, five-year lease, break at year two
Lessor’s agent: Potter & Ford
Lessee: Colouricious
LEISURE
King William IV, 1 High Street, Fenstanton PE28 9JF
Size: 2,465 sq ft (229 sq m)
Date of deal: 15/10/2018
Price: £312,000
Vendor: Greene King
Vendor’s agent: Everard Cole
Purchaser: Tristar Communications
Unit 15, Kineton Road Industrial Estate, Southfield Road, Southam CV47 0FB
Size: 3,350 sq ft (328 sq m)
Date of deal: 02/11/2018
Rent: £23,000 pa 10-year lease, break and review at year five, four months rent free
Lessor’s agent: ehB Reeves
Lessee: Fitness Worx
OFFICE
1st Floor, Merchant Gate, 2 Burgage Square, Wakefield WF1 2DD
Size: 5,657 sq ft (526 sq m)
Date of deal: 01/11/2018
Rent: £76,370 pa, 10-year lease, break and review at year five
Lessor: English Cities Fund
Lessor’s agents: JLL and Knight Frank
Lessee: SSG Insight
3 Newtech Square, Deeside Industrial Park, Deeside CH5 2NT
Size: 22,372 sq ft (2,078 sq m)
Date of deal: 05/11/2018
Price: £400,000
Vendor: Columbia Threadneedle
Vendor: Legat Owen
Purchaser: Grote International
Ashleigh House, Shawfarm Industrial Estate, 2 Sky Road, Prestwick KA9 2TA
Size: 1,893 sq ft (176 sq m)
Date of deal: 02/11/2018
Rent: £22,000 pa stepped rental, 10-year lease, three months rent free, five-year lease break, five-year rent review
Lessor: Ladykirk Properties
Lessor’s agent: Shepherd Commercial
Lessee: The British Red Cross
Unit 3, Parkway Court Office Campus, Ensign House, Longbridge Road, Marsh Mills, Plymouth PL6 8LR
Size: 3,314 sq ft (308 sq m)
Date of deal: 28/10/2018
Rent: £32,250 pa, six-year lease, break and review at year three, three months rent free
Lessor’s agent: Listers Property Consultants
Lessee: Ace Schools Multi Academy Trust
Unit 4, Wynyard Business Village, Billingham TS22 5TB
Size: 1,650 sq ft (153 sq m)
Date of deal: 15/11/2018
Rent: £22,275 pa, five-year lease
Lessor: Northumberland Estates
Lessor’s agents: Dodds Brown and Knight Frank
Lessee: Everflow
10 Kensington Church Street, London W8 4EP
Size: 1,863 sq ft (173 sq m)
Date of deal: 22/11/2018
Rent: £92,219 pa, four-year lease, break at year two
Lessor’s agent: Frost Meadowcroft
Lessee: Mace Group
RETAIL
110a High Street, Cranleigh GU6 8AJ
Size: 768 sq ft (71 sq m)
Date of deal: 21/11/2018
Rent: £26,000 pa, 10 year lease, tenant break at year five
Lessor’s agent: Wadham & Isherwood
Lessee’s agent: Ashwell Rogers
Lessee: Cats Protection
13 Gateford Road, Worksop S80 1DY
Size: 495 sq ft (46 sq m)
Date of deal: 15/10/2018
Price: £120,000, 10.25% yield
Vendor’s agent: Fisher German
Purchaser: Russ Cowe
64 Waterside Street, Strathaven ML10 6AW
Size: 2,589 sq ft (241 sq m)
Date of deal: 01/11/2018
Rent: £15,000 pa, 10-year lease, one year rent free, five-year lease break, five-year rent review
Lessor’s agent: Shepherd Commercial
Lessor: Scotmid Co-op
Lessee: Chest Heart & Stroke Scotland
84-86 Stamford New Road, Altrincham WA14 1BS
Size: 1,761 sq ft (164 sq m)
Date of deal: 13/11/2018
Rent: £30,000 pa, 15-year lease
Lessor’s agent: Regional Property Solutions
Lessor: Lorcom Properties
Lessee: Evuna
92-94 Market Street, St Andrews KY16 9PA
Size: 3,000 sq ft (279 sq m)
Date of deal: 14/11/2018
Rent: £130,000 pa, 10-year lease
Lessor: CBRE Global Investors
Lessor’s agent: CBRE
Lessee: Mountain Warehouse
Ground Floor, 36-40 Edge Street, Manchester M4 1HN
Size: 694 sq ft (64 sq m)
Date of deal: 10/10/2018
Rent: £16,250 pa, 10-year lease, break and review at year five, six months rent free
Lessor’s agent: Daniel Harris & Co
Lessor: Agecroft Investments
Lessee: Kersh Kicks
To submit your deals, please e-mail deals@egi.co.uk