National deals round-up

OFFICE Ground (part), King Charles House, Park End Street, Oxford OX1 1JD ■ Size: 8,702 sq ft (808 sq m) ■ Date of deal: 10/05/2017 ■ Rent: £68,400 pa, five-year lease ■ Lessor’s agent:VSL and Partners ■ Lessor: Green Templeton College ■ Lessee: G-Smatt Europe Richmond House, The Watermark, Gateshead NE11 9SZ ■ Size: 21,626 sq ft (2,009 sq m) ■ Date of deal: 01/06/2017 ■ Price: £3,869,760, 6.68% yield ■ Vendor: Wilson Bowden Developments ■ Vendor’s agent: AHBN and Lambert Smith Hampton ■ Purchaser: FWRE ■ Purchaser’s agent: Lindley Mortimer Unit 1.2, Dundee Technology Park, Discovery House, Gemini Crescent, Dundee DD2 1SW ■ Size: 765 sq ft (71 sq m) ■ Date of deal: 01/07/2017 ■ Rent: £7,650 pa, one-year lease ■ Lessor: JD Management ■ Lessor’s agent: Shepherd Commercial ■ Lessee: SD Taylor Financial Services RETAIL 16 Unicorn Way, The Kingdom Shopping Centre, Lyon Way, Fife KY7 5NW ■ Size: 511 sq ft (47 sq m) ■ Date of deal: 10/07/2017 ■ Rent: £17,500 pa, five-year lease ■ Lessor: Mars Pension Trustees ■ Lessor’s agent: Eric Young & Co and Cushman & Wakefield ■ Lessee: Socialites Unit 19B, Eastgate Shopping Centre, The Forum, Gloucester GL1 1PL ■ Size: 2,177 sq ft (202 sq m) ■ Date of deal: 07/07/2017 ■ Rent: £32,500 pa, 10-year lease, break and review after five years, eight months rent-free ■ Lessor: Ellandi and Lone Star ■ Lessor’s agent: Rowley Hughes Thompson ■ Lessee: Farmhouse Deli Unit 4, Corn Exchange, Albert Street, Derby DE1 2DS ■ Size: 855 sq ft (79 sq m) ■ Date of deal: 05/06/2017 ■ Rent: £10,000 pa, 10-year lease, five-year break and review, one month rent-free ■ Lessor: Morgan Industrial Properties ■ Lessor’s agent: David Brown Commercial ■ Lessee: Turkish Barbers Unit 4, New Cathedral Street, Manchester M1 1AD ■ Size: 1,959 sq ft (182 sq m) ■ Date of deal: 04/07/2017 ■ Rent: £177,000 pa, 10-year lease, second-year break and review ■ Lessors: Intu and M&G Real Estate ■ Lessor’s agents: JLL and Metis Real Estate ■ Lessee: Paul Smith ■ Lessees’s agent: Harper Dennis Hobbs Units 1-3, Salisbury Street, Widnes WA8 6PJ ■ Size: 1,582 sq ft (147 sq m) ■ Date of deal: 01/05/2017 ■ Rent: £12,000 pa, five-year lease, break after 2.5 years ■ Lessor’s agent: Bridgeman Property Consultants and GVA ■ Lessee: Freaking Awesome Volvo Cars Stourbridge, Grange Lane, Stourbridge DY9 7HH ■ Size: 68,469 sq ft (6,361 sq m) ■ Date of deal: 19/07/2017 ■ Price: £1,750,000, 5.34% yield ■ Vendor: Brindley Garages Group ■ Vendor’s agent: Colliers International ■ Purchaser’s agent: Threadneedle Investments INDUSTRIAL Unit 25, Vale Industrial Estate, Aylesbury HP19 9EW ■ Size: 3,160 sq ft (294 sq m) ■ Date of deal: 01/06/2017 ■ Rent: £23,850 pa, five-year lease, break at year two ■ Lessor’s agent: Chandler Garvey ■ Lessor: Legal & General ■ Lessee: Xpack Unit 1, Brough Park, Brough Park Way, Newcastle upon Tyne NE6 2YF ■ Size: 5,701 sq ft (530 sq m) ■ Date of deal: 30/06/2017 ■ Rent: £25,700 pa, five-year lease ■ Lessor: Trustees of BRIT ■ Lessor’s agent: BNP PRE ■ Lessee: Ringtons Unit 152, Basingstoke Trade Park, Worting Road, Basingstoke RG21 8BJ ■ Size: 5,715 sq ft (531 sq m) ■ Date of deal: 15/06/2017 ■ Rent: £64,000 pa, 15-year lease ■ Lessor’s agents: London Clancy and Stiles Harold Williams ■ Lessee: In ‘n’ Out Unit 5, Meadwood Industrial Estate, Bath Street, Bilson WV14 0ST ■ Size: 1,911 sq ft (178 sq m) ■ Date of deal: 01/06/2017 ■ Rent: £10,500 pa, six-year lease, third-year review ■ Lessor: Ashby London (PP) Trustees ■ Lessor’s agent: Michael Tromans & Co ■ Lessee: Curtain Experts Unit 51, White Lodge Trading Estate, Hall Road, Norwich NR4 6DG ■ Size: 7,618 sq ft (801 sq m) ■ Date of deal: 26/06/2017 ■ Rent: £65,000 pa, 16-year lease, break at year six and 11, review at year 11, six months rent-free ■ Lessor: The Crown Estate ■ Lessor’s agent: Bidwells ■ Lessee: Giant UK Unit 9, International Trading Estate, Boeing Way, Southall UB2 5LB ■ Size: 32,151 sq ft (2,987 sq m) ■ Date of deal: 26/04/2017 ■ Rent: £273,250 pa, five-year lease, two months rent-free, tenant-only break year two ■ Lessor: Cardinal Property Investments ■ Lessor’s agents: Altus Group and Telsar ■ Lessee: H&M LEISURE 46 Clifton Street, Cardiff CF24 1LS ■ Size: 861 sq ft (80 sq m) ■ Date of deal: 30/06/2017 ■ Rent: £9,600 pa, five-year lease, break after 2.5 years, two months rent-free ■ Lessor’s agent:Burnett Davies ■ Lessee: Agility Fitness EG’s Most Active Agent competition winners East Scotland Ryden Shepherd Commercial Graham & Sibbald DM Hall Chartered Surveyors Cushman & Wakefield Dealmaker: Jonathan Reid of Shepherd Commercial “The Dundee commercial property market has slowly improved since 2013 and has dealt with uncertainties along the way.  Fortunately for Dundee, the city council, in conjunction with the other waterfront partners, continues the fantastic job of regenerating the waterfront. Meanwhile, Perth, as with nearly every other town and city in the UK, saw its retail sector decimated as a result of the recession. It has recently seen a recovery, and the city centre, while still not at pre-recession levels, is improving with vacant units on the high street and surrounding retail locations starting to fill.” To submit your deals please e-mail deals@egi.co.uk or tweet @egideals