EG’s Most Active Agent competition winners
South Wales
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Cooke & Arkwright
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Jenkins Best
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Cushman & Wakefield
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Lambert Smith Hampton
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Knight Frank
Dealmakers: Anthony Jenkins & Henry Best, Jenkins Best
“South Wales is still experiencing a lack of immediate supply for high-quality and well-located industrial and distribution units. Occupiers are looking for quality refurbished accommodation which is ‘ready for occupation’. Clients that are proactive in refurbishing units have benefited from securing new occupiers and minimising void periods.
“Demand remains stable and South Wales still offers good ‘occupational value’ in comparison to other regions; the abolition of the Severn bridge tolls has been well received.”
EG’s Most Active Agent competition winners
South Wales
Cooke & Arkwright
Jenkins Best
Cushman & Wakefield
Lambert Smith Hampton
Knight Frank
Dealmakers: Anthony Jenkins & Henry Best, Jenkins Best
“South Wales is still experiencing a lack of immediate supply for high-quality and well-located industrial and distribution units. Occupiers are looking for quality refurbished accommodation which is ‘ready for occupation’. Clients that are proactive in refurbishing units have benefited from securing new occupiers and minimising void periods.
“Demand remains stable and South Wales still offers good ‘occupational value’ in comparison to other regions; the abolition of the Severn bridge tolls has been well received.”
HOTEL
Nethway Hotel, Falkland Road, Torquay TQ2 5JR
Size: 25 rooms
Date of deal: 12/09/2019
Price: £780,000
Vendor’s agent: Christie & Co
Purchaser: Nethway
INDUSTRIAL
Unit 9, Aycliffe Industrial Park, Northfield Way, Newton Aycliffe DL5 6UF
Size: 5,457 sq ft (507 sq m)
Date of deal: 12/08/2019
Rent: £19,100 pa, 10-year lease
Lessor’s agent: Connect Property North East
Lessee: World of Books
Unit A, Logistics City, Houndmills Road, Basingstoke RG21 6XX
Size: 36,376 sq ft (3,379 sq m)
Date of deal: 30/08/2019
Rent: £369,217 pa, 10-year lease, break at year five
Lessor: Kier Trade City
Lessor’s agent: Hollis Hockley
Lessee: Network Rail
Units 4/5, Roundthorn Industrial Estate, Tilson Road, Wythenshawe M23 9GF
Size: 6,670 sq ft (619 sq m)
Date of deal: 23/08/2019
Rent: £28,000 pa, five-year lease, three-year break, three months rent free
Lessor’s agent: WT Gunson
Lessee: Grassetc
Units 7-9, Thornton Road Industrial Estate, Burnell Road, Ellesmere Port CH65 5EX
Size: 11,100 sq ft (1,031 sq m)
Date of deal: 25/10/2019
Rent: £37,000 pa, 10-year lease, five-year rent review
Lessor: Tilstone
Lessor’s agent: Legat Owen
Lessee: Staingard
28 Wellington Road, Bishopbriggs G64 2SA
Size: 2,497 sq ft (232 sq m)
Date of deal: 17/10/2019
Rent: £14,000 pa, five-year lease, three-year lease break, four-year rent review, three months rent free
Lessor: Caledonian Property Investments
Lessor’s agent: Shepherd Commercial
Lessee: Greenroof UK
OFFICE
1st Floor, 299 West George Street, Glasgow G2 4LF
Size: 1,887 sq ft (175 sq m)
Date of deal: 15/07/2019
Rent: £25,474.50 pa, 10-year lease, five-year break
Lessor’s agent: Phil Reid Associates
Lessee: 5 Star International
45-46 The Avenue, Southampton SO17 1AX
Size: 4,500 sq ft (418 sq m)
Date of deal: 16/08/2019
Price: £995,000
Vendor: Pitmans
Vendor’s agent: Vail Williams
Purchaser: Jamba Estates
Ground floor, 4 Harnall Row, Coventry CV1 5DR
Size: 404 sq ft (34 sq m)
Date of deal: 15/08/2019
Rent: £8,000 pa, eight-year lease
Lessor’s agent: Bromwich Hardy
Lessee: SAFEHMO.co.uk
Office 13, First Floor, Cowman’s Cottage, St Crispins Local Centre, Kent Road, Northampton NN5 4BX
Size: 1,186 sq ft (110 sq m)
Date of deal: 01/10/2019
Rent: £15,062 pa, five-year lease, tenant break at year three
Lessor: Lodge Park (St Crispins)
Lessor’s agent: Prop-search.com
Lessee: Spokes Education
The Old Fire Station, Clifford Street, York YO1 9RJ
Size: 2,678 sq ft (249 sq m)
Date of deal: 15/10/2019
Rent: £69,628 pa, 10-year lease, five-year break
Lessor: Helmsley Group
Lessor’s agent: Bowcliffe
Lessee: Secerna
Lessee’s agent: Avison Young Commercial Real Estate
Unit 1, Lanswood Park, Broomfield Road, Colchester CO7 7DD
Size: 1,224 sq ft (114 sq m)
Date of deal: 31/08/2019
Price: £295,000
Vendor: Lanswood Developments
Vendor’s agent: Fenn Wright
Purchaser: Drury Healthcare
Unit 3, Llay Industrial Estate (North), Point 36, Davy Way, Wrexham LL12 0PG
Size: 2,542 sq ft (236 sq m)
Date of deal: 11/09/2019
Rent: £15,000 pa, 15-year lease
Lessor’s agents: BA Commercial and Legat Owen
Lessee: Array Audio Visual
Units G6 & G9, Festival Business Centre, 150 Brand Street, Glasgow G51 1DH
Size: 1,408 sq ft (131 sq m)
Date of deal: 10/09/2019
Rent: £12,672 pa, five-year lease, three-year lease break, three months rent free
Lessor: JBG
Lessor’s agent: Shepherd Commercial
Lessee: SpotHost
RETAIL
248 Streatfield Road, Harrow HA3 9BY
Size: 1,600 sq ft (149 sq m)
Date of deal: 10/10/2019
Rent: £35,000 pa, 15-year lease, one-month rent-free period
Lessor’s agents: Claridges Commercial and Grovelands Property and Investment Consultants
Lessee: Satyanarayan Restaurant
99/101 Muswell Hill Broadway, London N10 3RS
Size: 807 sq ft (74 sq m)
Date of deal: 01/11/2019
Rent: £45,000 pa, 10-year lease, rent review at fifth year, one-month rent-free period
Lessor’s agent: DMA
Lessee: Natures Living
To submit your deals, please e-mail deals@egi.co.uk