National deals round-up

HEALTHCARE 108 Daisy Bank Road, Manchester M14 5QH ■ Size: 30,200 sq ft (2,806 sq m) ■ Date of deal: 10/05/2017 ■ Price: £6.02m, £361,200 pa income, NIY 6%, 30-year lease ■ Vendor’s agent: Innes England ■ Purchaser: Harmsworth Pooled Property Unit Trust ■ Purchaser’s agent: Matthews & Goodman ■ Lessee: CARE Fertility INDUSTRIAL 8 Murrayfield, Norwich NR6 6NQ ■ Size: 4,124 sq ft (383 sq m) ■ Date of deal: 03/03/2017 ■ Rent: £20,750 pa, five-year lease, break and review at year three, four months rent free ■ Lessor’s agents: Bidwells & Roche ■ Lessee: Agora Clothing   Edric Place 10, Wolseley Court, Dyson Way, Stafford ST18 0TW ■ Size: 3,473 sq ft (319 sq m) ■ Date of deal: 12/05/2017 ■ Rent: £18,000 pa ■ Lessor: IRAF Spyder 1 ■ Lessor’s agents: Andrew Dixon and Millar Sandy ■ Lessee: Motus Medical   Unit 1 New York Industrial Park, New York Way, Newcastle Upon Tyne NE27 0QF ■ Size: 37,700 sq ft (3,502 sq m) ■ Date of deal: 15/05/2017 ■ Rent: £170,000 pa, five-year lease ■ Lessor: CRT Property Investments ■ Lessor’s asset manager: Blue Marble Asset Management ■ Lessor’s agents: HTA Real Estate & MJM Commercial ■ Lessee: Nolato Jaycare   Unit 15, Gregston Trade Centre, Birmingham Road, Oldbury B69 4EX ■ Size: 1,004 sq ft (93 sq m) ■ Date of deal: 11/05/2017 ■ Rent: £6,500 pax, three-year lease, three months rent free ■ Lessor’s Agent: Fisher German ■ Lessee: Qudos Lifts   Unit 15A, Altens Industrial Estate, Minto Road, Aberdeen AB12 3LU ■ Size: 8,417 sq ft (782 sq m) ■ Date of deal: 01/05/2017 ■ Rent: £87,500, nine-year lease, break at year three ■ Lessor: Tendeka ■ Lessee: MRDS ■ Lessor’s agent: DM Hall Chartered Surveyors   Unit 8 Ecclesbourne Park, Cotes Park, Clover Nook Road, Alfreton DE55 4RF ■ Size: 2,980 sq ft (277 sq m) ■ Date of deal: 09/05/2017 ■ Rent: £14,000 pa, 10-year lease ■ Lessor: M7 Real Estate ■ Lessor’s agent: FHP ■ Lessee: Hammond Furniture   Unit B Armstrong Works, Scotswood Road, Newcastle Upon Tyne NE15 6UX ■ Size: 49,989 sq ft (4,644 sq m) ■ Date of deal: 22/05/2017 ■ Rent: £187,500 pa, 20-year lease ■ Lessor: Reece Property Group ■ Lessor’s agent: BNP Paribas Real Estate ■ Lessee: Team Sport ■ Lessee’s agent: Richard Lucas Property Consultants RETAIL 164-166 High Street, London Colney, St Albans Al2 1QF ■ Size: 2,497 sq ft (232 sq m) ■ Date of deal: 17/05/2017 ■ Rent: £28,000 pa, 10-year lease, tenant-only break and rent review after five years; six months rent free ■ Lessor’s agent: Day and Bell Chartered Surveyors ■ Lessee’s agent: David Menzies Associates ■ Lessee: Co-Operative Funeral Care   179 London Road, Camberley GU15 3JS ■ Size: 753 sq ft (70 sq m) ■ Date of deal: 25/04/2017 ■ Rent: £10,000 pa, three-year lease, two months rent free, mutual break year one ■ Lessor: Surrey Heath Borough Council ■ Lessor’s agent: Collins & Jarvis ■ Lessee: Tangled Hair Studio   2 Whielden Street, Amersham HP7 0HT ■ Size: 847 sq ft (79 sq m) ■ Date of deal: 15/03/2017 ■ Rent: £40,000 pa, 10-year lease, five yearly upward-only rent review and tenant-only break, three months rent free ■ Lessor’s agent: Philip Marsh Collins Deung ■ Lessee: Jigsaw   33 North Walk, Yate, Bristol, BS37 4AP ■ Size: 1,099 sq ft (102 sq m) ■ Date of deal: 09/05/2017 ■ Rent: £22,500 pa, five-year lease, six months rent free ■ Lessor’s agent: Savills ■ Lessor: Ellandi ■ Lessee: Karizma   475 Newport road, Cardiff CF23 9AA ■ Size: 30,440 sq ft (2,828 sq m) ■ Date of deal: 22/05/2017 ■ Price: £2.5m, Yield 7.5%, Rental Income £200,000 pa ■ Vendor’s agent: Cooke & Arkwright ■ Vendor: PMG (Cardiff) ■ Purchaser’s agent: Savills ■ Purchaser: MVJ Capital   60 High Street, Alton GU34 1ET ■ Size: 2,435 sq ft (226 sq m) ■ Date of deal: 04/05/2017 ■ Price: £715,000, Yield 6.63% ■ Vendor: Greenway Property Investments ■ Vendor’s agent: London Clancy ■ Purchaser: Banbury Properties ■ Purchaser’s agent: JP Elliott ■ Lessee: Caffé Nero   Ground Floor, Faulkner House, Manchester M1 4DY ■ Size: 3,000 sq ft (279 sq m) ■ Date of deal: 25/04/2017 ■ Rent: £38,500 pa, 10-year lease ■ Lessor’s agent: Lambert Smith Hampton ■ Lessor: Bruntwood ■ Lessee: Department of Coffee and Social Affairs   Unit 9 Lyon Way, The Kingdom Shopping Centre, Glenrothes KY7 5NW ■ Size: 1,299 sq ft (121 sq m) ■ Date of deal: 17/05/2017 ■ Rent: £23,500 pa, 10-year lease ■ Lessor: Mars Pension Trustees ■ Lessee: British Heart Foundation EG’s Most Active Agent competition winners Essex 1. Ayers & Cruiks 2. Fenn Wright 3. Kemsley 4. Glenny 5. Whybrow Chartered Surveyors Dealmaker: Darrell Clarke, Ayers & Cruiks, “The Essex market in general has remained strong and we are finding rents and freehold values increasing across all sectors, with industrial being particularly buoyant. The demand for industrial premises far outweighs the supply and this is a good indicator of more confidence in the market, with companies looking to expand storage and production space. This in turn leads to increasing values, with more competition in the amount of stock. Hopefully this demand will reach a point that will stimulate some speculative industrial development. We have found the retail and office sectors tougher than the others, with more people shopping online and technology improving. However, freehold office buildings are like gold dust, with most developers and owners taking advantage of the permitted development. We are looking forward to the coming year with an influx of new developments across Essex supplying high-end industrial, office and retail parks emphasising the growing confidence in the market.” . To submit your deals please e-mail deals@egi.co.uk or tweet @egideals