National deals round-up

EG’s Most Active Agent competition winners North and West Yorkshire Carter Towler Knight Frank Walker Singleton JLL CBRE Dealmaker: Michelle Dobson, Walker Singleton “I am very pleased to be named EG’s Dealmaker of the Year, and I recognise the support and hard work of all the agency team at Walker Singleton. “We service a growing client base, who themselves hold diverse portfolios across the Yorkshire region. During 2019 and the early months of 2020, before Covid-19 hit, we experienced increasing demand across several sectors, not least industrial property, but this has not been without its challenges. The availability of affordable industrial space, both large and small, has been low following a period of strong demand within the sector. “Large retail floor plates have increasingly remained vacant following the disappearance of a number of brands from our high streets, compounded by the withdrawal of many banks and other outlets leading to a reduction in footfall, with lasting implications for many of our northern market towns. “Notwithstanding this, there have been opportunities, with a recent resurgence in the take-up of smaller outlets for alternative uses in the leisure and food sectors breathing new life into the high street as people capitalise on small business rate relief and reduced rental rates. “While it seems a long time ago now, there was an increasing air of optimism in the market following the general election in December, only for the industry to receive a series of body blows, including the February floods and the arrival of Covid-19, the impact of which will no doubt be with us for many years to come. “There will surely be opportunities even in these trying times, and we continue to see optimism across our industry, with transactions taking place as we slowly emerge from this invisible restraint.” INDUSTRIAL 21 Dava Street, Glasgow G51 2JA Size: 33,200 sq ft (3,084 sq m) Date of deal: 28/04/2020 Rent: £223,067 pa, 10-year lease Lessee: NHS Greater Glasgow & Clyde Lessee’s agent: JLL Interchange 26, Junction 26 M62, Cleckheaton BD12 7EZ Size: 10.4 acres (4.2 ha) Date of deal: 01/06/2020 Price: £7.07m Vendor: Opus North Purchaser: Tungsten Properties Purchaser’s agent: Savills Unit 1, Crowley Way, Avonmouth, Bristol BS11 9EX Size: 17,285 sq ft (1,606 sq m) Date of deal: 01/04/2020 Rent: £10,000 pa, lease for 10 years and 11 months Lessor’s agent: Russell Property Consultants Lessee: Nordic Cars Unit 1, Holly Park Industrial Estate, Spitfire Road, Birmingham B24 9PB Size: 2,716 sq ft (252 sq m) Date of deal: 01/03/2020 Rent: £12,000 pa, five-year lease Lessor’s agent: Siddall Jones Lessee: JT Windows, Doors & Refurbishments Unit 14, City South Office Park, Bankhead Drive, Portlethen AB12 4XX Size: 1,250 sq ft (116 sq m) Date of deal: 01/03/2020 Price: £181,000 Vendor: Portlethen Developments Purchaser: GT Storage Purchaser’s agent: Knight Frank Unit 4, Abbot Close, West Byfleet KT14 7JN Size: 3,862 sq ft (359 sq m) Date of deal: 27/04/2020 Rent: £51,171.50 pa, five-year lease Lessor: BNP Paribas Securities Services Trust Company Lessor’s agent: JLL Lessee: Fireaway OFFICE 57a Marlowes, Hemel Hempstead HP1 1LE Size: 540 sq ft (50 sq m) Date of deal: 10/03/2020 Rent: £12,000 pa, five-year lease Lessor’s agent: Brasier Freeth Lessee: Securefast Unit 3, Avocado Court, Westinghouse Road, Trafford Park M17 1HW Size: 8,120 sq ft (754 sq m) Date of deal: 04/03/2020 Price: £1.1m Vendor: Gask & Howley Vendor’s agents: Davies Harrison and Edwards & Co Purchaser: Continental Textiles RETAIL 190-192 Felixstowe Road, Ipswich IP3 9AE Size: 1,048 sq ft (97 sq m) Date of deal: 31/03/2020 Rent: £24,000 pa, 10-year lease, break/review at year five, five months rent free Lessor: Palmtree Enterprises Lessor’s agent: Beane Wass & Box Lessee: Johnsons Cleaners To submit your deals, please e-mail deals@egi.co.uk