National deals round-up: £21m shed sale in Littlehampton
EG’s Most Active Agent competition winners
Cheshire
1. Legat Owen
2. BE Group
EG’s Most Active Agent competition winners
Cheshire
1. Legat Owen
2. BE Group
3. JLL
4. B8 Real Estate
5. Williams Sillitoe
Dealmaker: Will Sadler, Legat Owen
“The office market in Cheshire has had a strong year, with a number of significant lettings across the county, notably in the out-of-town market. The key towns in Cheshire have had lower take-up than the long-term average, although this is down to lack of supply rather than lack of demand. There are significant opportunities for those prepared to undertake speculative development and a number of sites across the county should are scheduled to come forward in 2019/20.”
North Wales
1. Legat Owen
2. St Davids Commercial
3. BA Commercial
4. Christie & Co
5. CBRE
Dealmaker: Mark Diaper, Legat Owen
“The North Wales market has remained strong over the past 12 months and we are starting to see an increase in speculative development, with Wylfa and other major projects coming on stream. There is pent up demand for good quality space and we are confident that with help and financial assistance from the Welsh government, North Wales can go from strength to strength.”
INDUSTRIAL
Former Food Preparation Centre, Burnley Road, Colne BB8 8LA
Size: 4,325 sq ft (404 sq m)
Date of deal: 22/10/2018
Price: £435,000
Vendor’s agent: Petty Chartered Surveyors
Vendor: Libra Textiles
Purchaser: Recontainers
Lineside Industrial Estate, Arndale Road, Littlehampton BN17 7HD
Size: 207,360 sq ft (19,264 sq m)
Date of deal: 24/10/2018
Price: £21m
Vendor’s agent: Dowley Turner Real Estate
Vendor: Cording Real Estate
Purchaser’s agent: M1 Agency
Purchaser: Legal & General
Unit 28, Reed Industrial Estate, Plantation Road, Amersham HP6 6HJ
Size: 3,000 sq ft (279 sq m)
Date of deal: 01/11/2018
Rent: £20,500 pa, six-year lease, break at year three
Lessor’s agent: Potter & Ford
Lessee: VIP Bars & Events
Unit 3 Cambrian Business Park, Wrexham Road, Mold CH7 1NJ
Size: 1,872 sq ft (174 sq m)
Date of deal: 01/11/2018
Price: £113,000
Vendor’s agent: Legat Owen
Purchaser: Griffiths Groundworks
Unit 7, Alpha Centre, Alpha Road, Aldershot GU12 4RG
Size: 2,257 sq ft (210 sq m)
Date of deal: 15/10/2018
Rent: £28,215 pa, 10-year lease, three months rent-free
Lessor’s agent: Hollis Hockley
Lessor: Fogarty Bros
Lessee: Building Automation Solutions
Unit 9 Britonwood Trading Estate, Hornhouse Lane, Knowsley L33 7YN
Size: 5,439 sq ft (505 sq m)
Date of deal: 05/11/2018
Rent: £21,212.10 pa, 10-year lease, break at year five, nine months rent-free
Lessor’s agents: B8 Real Estate and Littler & Associates
Lessor: Parcel Holdings (Britonwood)
Lessee: Radius Arches
Unit 3, Premier Park, Abbey Road, London NW10 7NZ
Size: 13,402 sq ft (1,245 sq m)
Date of deal: 30/10/2018
Rent: £268,000 pa, 10-year lease
Lessor: SEGRO
Lessor’s agents: CBRE, Dohertybaines and JLL
Lessee: NVN
Unit E6, Rosemount Business Park, 145 Charles Street, Glasgow G21 2QA
Size: 1,500 sq ft (139 sq m)
Date of deal: 01/11/2018
Rent: £9,750 pa, two-year lease
Lessor: Rosemount Development Trust
Lessor’s agent: Shepherd Commercial
Lessee: Y People
OFFICE
The Annexe, Holywell Health Centre, Holywell Street, Chesterfield S41 7SH
Size: 744 sq ft (69 sq m)
Date of deal: 20/09/2018
Rent: £7,800 pa, six-year lease
Lessor’s agent: Bothams Mitchell Slaney
Lessee: Respectful Care
Paradigm, 3175 Century Way, Thorpe Park, Leeds LS15 8ZB
Size: 6,077 sq ft (565 sq m)
Date of deal: 15/09/2018
Rent: 136,733 pa, 10-year lease
Lessors: Legal & General and Scarborough International
Lessor’s agents: BNP Paribas Real Estate, Cushman & Wakefield and JLL
Lessee: EP Invest
Lessee’s agent: CBRE
RETAIL
1 Grove Street, Bath BA2 6PJ
Size: 269 sq ft (25 sq m)
Date of deal: 26/10/2018
Rent: £8,000 pa, five-year lease, break at year three, one month rent-free
Lessor’s agent: Derek Walker Chartered Surveyors
Lessee: Friend Are Electric
59 Main Street, Wishaw ML2 7AB
Size: 3,651 sq ft (339 sq m)
Date of deal: 31/10/2018
Rent: £27,500 pa, 10-year lease
Lessor: Scottish Midland Co-op
Lessor’s agent: Eric Young & Co
Lessee: Chest Heart & Stroke Scotland
7-9 Orford Place, Norwich NR1 3RU
Size: 1,657 sq ft (154 sq m)
Date of deal: 06/09/2018
Rent: £35,000 pa, five-year lease, tenant break at year three
Lessor: Benrose Property
Lessor’s agents: Francis Darrah Chartered Surveyors and HRH Retail
Lessee: Wood Green Animal Shelters
Unit 5D/E Mulberry Walk, Mere Green, Sutton Coldfield B75 5BL
Size: 2,675 sq ft (249 sq m)
Date of deal: 01/11/2018
Rent: £69,550 pa, 10-year lease
Lessor: Nottingham City Council
Lessor’s agent: Rowley Hughes Thompson
Lessee: Anson Solicitors/Yorkshire Building Society
Lessee’s agent: Burley Brown
Unit 27, The Viking Centre, Jarrow NE32 3LN
Size: 708 sq ft (66 sq m)
Date of deal: 03/10/2018
Rent: £14,520 pa, six-year lease
Lessor: Zurich Assurance
Lessor’s agent: Sanderson Weatherall
Lessee: Scented Moments By TMT
1931 Dumbarton Road, Glasgow G14 0YT
Size: 350 sq ft (33 sq m)
Date of deal: 01/11/2018
Rent: £7,100 pa, five-year lease, three months rent-free, three-year lease break
Lessor: Sava Estates
Lessor’s agent: Shepherd Commercial
Lessee: Orchid Café
To submit your deals, please e-mail deals@egi.co.uk