National deals round-up

EG’s Most Active Agent competition winners Berkshire Page Hardy Harris Haslams Surveyors Hicks Baker JLL Sharps Commercial Dealmaker: Nick Hardy, Page Hardy Harris “The commercial property market has certainly been more challenging over the past few months, but remains surprisingly resilient. We have been agreeing terms on a lot of freehold sales, to both owner-occupiers and investors, while still receiving considerable interest from developers.  “The industrial sector remains robust, with rents still rising, although this may be levelling off after several years of growth.” Buckinghamshire Chandler Garvey Duncan Bailey Kennedy Brown & Lee Bidwells Lambert Smith Hampton Dealmaker: Alan Chandler, Chandler Garvey “I am honoured to receive this award for the second year, and proud to have been a director of Chandler Garvey over the past 25 years, during which time I have seen so many changes in the property market. “Two to three years ago, we saw demand for conversion of offices to residential via permitted development. This has slowed down now, probably due to the uncertainties in the economy, but also due to adverse publicity in the press regarding some of the schemes undertaken by developers.  “For the past year or so, demand has mainly been for freehold industrial property, where we have seen values almost double in Buckinghamshire. Demand has slowed down a bit now, but there is still a lot of money out there, and the demand for a good investment continues to stimulate the market.” LAND Storage land at Dean Road, Lincoln LN2 4JZ Size: 0.3ha (0.75 acres) Date of deal: 12/08/2019 Rent: £10,000 pa, three-year lease, three months rent free Lessor: Preparation Group Lessor’s agent: Banks Long & Co Lessee: Pendragon Property Holdings OFFICES 101 Wellington Road North, Stockport SK4 2LP Size: 1,048 sq ft (97 sq m) Date of deal: 05/08/2019 Rent: £6,600 (first year), £8,000 (second and third years), three-year lease Lessor’s agent: Roberts & Roberts Lessee: Icare Solutions 45 Charlotte Square, Edinburgh EH2 4HQ Size: 4,716 sq ft (438 sq m) Date of deal: 22/07/2019 Rent: £150,000 pa, 10-year lease Lessor: City & Pacific Lessor’s agent: Ryden Lessee: BennBridge Greenwood House, London Road, Bracknell RG12 2UB Size: 2,589 sq ft (241 sq m) Date of deal: 15/07/2019 Rent: £64,725 pa, five-year lease, break at year three, four months rent free Lessor: Savills Investment Management Lessor’s agent: DTRE Lessee: EnterpriseDB UK Lower 3A, Rosemount House, Annick Road, Annickbank KA11 4LF Size: 1,461 sq ft (136 sq m) Date of deal: 29/07/2019 Rent: £13,750 pa, five-year lease Lessor: Rosemount Holdings Lessor’s agent: Graham & Sibbald Lessee: WiFi Spark Point 5, Ochre Yards, Fletcher Road, Gateshead NE8 2ET Size: 3,200 sq ft (297 sq m) Date of deal: 19/07/2019 Rent: £54,400 pa, five-year lease Lessor: UK Land Estates Partnership Lessor’s agent: Naylors Chartered Surveyors Lessee: Bloom Procurement Services RETAIL 41 Croydon Road, Caterham CR3 6PN Size: 942 sq ft (88 sq m) Date of deal: 15/07/2019 Rent: £18,000 pa, five-year lease, three months rent free Lessor: Tandridge District Council Lessor’s agent: Cradick Retail Lessee: Pedrick’s Zero Waste 740 Ecclesall Road, Sheffield S11 8TB Size: 868 sq ft (81 sq m) Date of deal: 15/08/2019 Rent: £15,750 pa, three-year lease Assignor: Swanky’s Bistro & Bar Assignor’s agent: Crosthwaite Commercial Assignee: Moore & Moore Restaurants Unit 27, Saxon Square Shopping Centre, High Street, Christchurch BH23 1QA Size: 840 sq ft (78 sq m) Date of deal: 17/07/2019 Rent: £25,000 pa, 10-year lease, break and review at year five, six months rent free Lessor’s agent: Ellis & Partners Lessee: Leaders INDUSTRIAL 16 Churchill Way, Nelson BB9 6RT Size: 5,155 sq ft (479 sq m) Date of deal: 04/07/2019 Rent: £22,000 pa, nine-year lease, break and review at years three and six, three months rent free Lessor: Ridgeway Land Lessor’s agent: Petty Chartered Surveyors Lessee: Ace Door Systems Abbots Works, Bankside Industrial Estate, Bankside, Falkirk FK2 7XJ Size: 2,019 sq ft (188 sq m) Date of deal: 28/06/2019 Rent: £12,000 pa, five-year lease, three-year tenant break, two months rent free Lessor: GI Properties Lessor’s agent: Graham & Sibbald Lessee: Geeky Craft Stuff Unit 1, Great Bridge Centre, Charles Street, West Bromwich B70 0BF Size: 2,583 sq ft (240 sq m) Date of deal: 14/08/2019 Rent: £14,000 pa, three-year lease, two months rent free Lessor: Greets Green Community Enterprises Lessor’s agent: Fisher German Lessee: Santrex Unit 1, Vale Road, Llandudno Junction LL31 9SH Size: 3,795 sq ft (353 sq m) Date of deal: 01/07/2019 Rent: £26,565 pa, 10-year lease, break and review at year three Lessor: Trevale Lessor’s agent: Legat Owen Lessee: Mareel To submit your deals, please e-mail deals@egi.co.uk