National deals round-up

EG’s Most Active Agent competition winners Herefordshire 1 Sunderlands 2 McCartneys 3= Arkwright Owens Chartered Surveyors 3= Christie & Co Dealmaker: James Dillon, Sunderlands “We have found the market in Hereford remains buoyant and active, despite what has clearly been a disruptive 12 months, both economically and politically. “As always, properties priced sensibly with good exposure have sold and let well. In particular, we have found demand has been high for industrial premises, both within the city boundary and on nearby industrial parks. This demand, however, has not led to an increase in prices compared with the same period in 2018. “We also note that commercial investors are now tending to seek properties with a higher yield than previously. As with the demand not necessarily driving prices higher, we suspect investors seeking larger returns is caused by market uncertainty.” INDUSTRIAL Former Jewson Depot, Pabo Lane, Llandudno Junction LL31 9JE Size: 5,000 sq ft (465 sq m) Date of deal: 24/07/2019 Price: £405,000 Vendor’s agent: St Davids Commercial Purchaser: Crest Cooperative Unit 3 Meridian Park, Neptune Close, Rochester ME2 4LE Size: 1,911 sq ft (178 sq m) Date of deal: 23/07/2019 Rent: £23,000 pax, 10-year lease, tenant-only break at years three and five Lessor: Petchey Industrial Properties Lessor’s agent: Watson Day Chartered Surveyors Lessee: Kerbed Wheels Unit 4 Orbital Way, 24 Windmill Lane, Denton M34 3QA Size: 17,069 sq ft (1,586 sq m) Date of deal: 01/07/2019 Rent: £60,000 pa, 10-year lease Lessor’s agent: Brackenridge Hanson Tate Lessee: CLC Car Sales (North West) Unit 4, Silver Birches Business Park, Bromsgrove B60 3EU Size: 1,492 sq ft (139 sq m) Date of deal: 11/09/2019 Rent: £11,900 pa, three-year lease, three months rent free Lessor: Atkins Properties Lessor’s agent: Fisher German Lessee: Air Technology Systems Unit 6, Atlas Industrial Estate, Foundry Street, Glasgow G21 4PR Size: 1,580 sq ft (147 sq m) Date of deal: 20/06/2019 Rent: £7,900 pa, rolling yearly contract, four-year rent review, three months rent free Lessor: City Property Glasgow Lessor’s agent: Graham & Sibbald Lessee: Perfect Fit Scotland LEISURE 100a High Sreet, Rayleigh SS9 7BY Size: 1,041 sq ft (97 sq m) Date of deal: 21/06/2019 Rent: £9,500 pa, five-year lease, lease break at third year Lessor: Spurdown Investments Lessor’s agent: Ayers & Cruiks Lessee: New Body Health and Fitness OFFICE 10 Little Lever Street, Manchester M1 1HR Size: 2,225 sq ft (207 sq m) Date of deal: 01/09/2019 Rent: £37,773 pa, five-year lease, three-year break, three months rent free Lessor: PD Properties Lessor’s agent: Daniel Harris & Co Lessee: Tangent Design Suite 3, Beresford Court, Beresford Lane, Ayr KA7 2DW Size: 624 sq ft (58 sq m) Date of deal: 01/08/2019 Rent: £8,000 pa, five-year lease, four months rent free Lessor: Prestwick Assets Lessor’s agent: Shepherd Commercial Lessee: MHH Suite A, First Floor, Thomas Parker House, 13-14 Silver Street, Lincoln LN2 1DY Size: 5,000 sq ft (465 sq m) Date of deal: 16/09/2019 Rent: Stepped rental of £45,000 pa year one rising to £52,500 pa by year five, 10-year lease, tenant break and rent review at year five Lessor: Lincoln Corn Exchange & Markets (1991) Lessor’s agent: Banks Long & Co Lessee: The Key Support Services 65 High Street, Marlow SL7 1AB Size: 355 sq ft (33 sq m) Date of deal: 31/07/2019 Rent: £71,966 pa, three-year lease Lessor: Palmers House Partnership Lessor’s agent: Deriaz Campsie Lessee: YELO Studio Cycling RETAIL 102-106 High Street, Redcar TS10 3DL Size: 1,942 sq ft (180 sq m) Date of deal: 20/08/2019 Rent: £9,000 pa, 10-year lease Lessor: Newport Holdings Lessor’s agent: Pearl & Coutts Lessee: Farplace Animal Rescue 167a King Street, Great Yarmouth NR30 2PA Size: 1,704 sq ft (158 sq m) Date of deal: 09/04/2019 Rent: £12,000 pa, 10-year lease, three months rent free Lessor’s agent: East Commercial Chartered Surveyors Lessee: Morfose Turkish Barbers 405 Ecclesall Road, Sheffield S11 8PG Size: 765 sq ft (71 sq m) Date of deal: 29/08/2019 Rent: £22,500 pa, 10-year lease Lessor’s agent: Crosthwaite Commercial Lessee: The Sheffield Cats Shelter 44 Skirving Street, Glasgow G41 3AJ Size: 342 sq ft (32 sq m) Date of deal: 16/05/2019 Rent: £12,000 pa, 10-year lease, eight months rent free, five-year lease break, five-yearly rent reviews Lessor: SRA Ventures Lessor’s agent: Graham & Sibbald Lessee: Piatto (Glasgow) 53 Bourne Avenue, Bournemouth BH2 6DW Size: 1,935 sq ft (180 sq m) Date of deal: 09/08/2019 Rent: £32,000 pa (years one and two), £36,000 pa (years three to five), 10-year lease, break and review at year five, three months rent free Lessor’s agent: Willis Commercial Lessee: Seychelles Gastronomy To submit your deals, please e-mail deals@egi.co.uk