National deals round-up

INDUSTRIAL Unit 1, Aston Fields Trading Estate, Bromsgrove B60 3DW ■ Size: 2,442 sq ft (227 sq m) ■ Date of deal: 28/09/2017 ■ Rent: £16,500 pa, five-year lease, three months rent free, tenant break at year three ■ Lessor’s agent: Fisher German ■ Lessee: Wych Bearings   Unit 1, Spire Road, Glover Industrial Estate, Washington NE37 3ES ■ Size: 35,188 sq ft (3,269 sq m) ■ Date of deal: 12/09/2017 ■ Price: £1.55m ■ Vendor: Ashtenne Industrial Fund ■ Vendor’s agent: Naylors ■ Purchaser: NAC Trading ■ Purchaser’s agent: Lambert Smith Hamton   Unit 21, Cardrew Industrial, Stanley Way, Cardrew Way, Redruth TR15 1SP ■ Size: 1,729 sq ft (161 sq m) ■ Date of deal: 01/09/2017 ■ Rent: £13,500 pa, six-year lease ■ Lessor’s agents: Redgrave Commercial ■ Lessee: Co-Op Funeral Services   Unit 3, Bridgend Industrial Estate, Kestrel Close, Western Avenue, Bridgend CF31 3RW ■ Size: 3,039 sq ft (282 sq m) ■ Date of deal: 29/09/2017 ■ Rent: £14,735 pa, three-year lease ■ Lessor’s agent: Jenkins Best ■ Lessee: Baydale Control Systems   LEISURE 8 Pickford Lane, Bexleyheath DA7 4QW ■ Size: 752 sq ft (70 sq m) ■ Date of deal: 23/08/2017 ■ Rent: £15,250 pax, 20-year lease, four months rent free, tenant break and upward rent review at year five ■ Lessor’s agent: Caxtons ■ Lessor: Gravesend & District Real Estate ■ Lessee: The Kentish Belle   Unit 4a, Swaines Industrial Estate, Ashingdon Road, Rochford SS4 1RG ■ Size: 1,831 sq ft (170 sq m) ■ Date of deal: 14/08/2017 ■ Rent: £13,000 pa, six-year lease, break at year three ■ Lessor’s agent: Ayers & Cruiks ■ Lessee: Crossfit Rochford OFFICE 2nd Floor, St Johns Innovation Park, Maurice Wilkes Building, Cowley Road, Cambridge CB4 0WS ■ Size: 12,195 sq ft (1,133 sq m) ■ Date of deal: 14/09/2017 ■ Rent: £387,191 pa, 15 year lease, tenant break at 10th year, 12 months rent free ■ Lessor’s agents: Carter Jonas and Savills ■ Lessor: St Johns College Cambridge ■ Lessee: PricewaterhouseCoopers   4th Floor, St Ann’s House, St Ann Street, Manchester M2 7LR ■ Size: 7,208 sq ft (670 sq m) ■ Date of deal: 15/08/2017 ■ Rent: £120,000 pa, 10-year lease, break in seventh year ■ Lessor’s agents: JLL and Canning O’Neill ■ Lessor: Standard Life Pooled Pension Fund ■ Lessee: Alec Finch Group   Suite 1, 7 Blighs Walk, Sevenoaks TN13 1DB ■ Size: 439 sq ft (41 sq m) ■ Date of deal: 09/09/2017 ■ Rent: £9,875 pa, five-year lease, two months rent free, break at year three ■ Lessor’s agent: Salisbury & Co ■ Lessee: Insight IFA   Unit 2a, Stone Cross Court, East Lancashire Road, Golborne WA3 3JE ■ Size: 4,177 sq ft (388 sq m) ■ Date of deal: 18/09/2017 ■ Rent:  £48,035 pa, five-year lease, review in third year, six months rent free ■ Lessor’s agents: Parkinson Real Estate and Hitchcock Wright & Partners ■ Lessor: Eric Wright Group ■ Lessee: Syncro Fire & Security RETAIL 1 Piershill Place, Edinburgh EH8 7EH ■ Size: 472 sq ft (44 sq m) ■ Date of deal: 11/08/2017 ■ Rent: £10,000 pa, 10-year lease, five-year break, three months rent free ■ Lessor: SRA Ventures ■ Lessor’s agent: IME Property ■ Lessee: Kuchnia Babuni   100 Main Road, Broomfield, Chelmsford CM1 7AE ■ Size: 1,108 sq ft (103 sq m) ■ Date of deal: 01/08/2017 ■ Rent: 15-year lease, stepped rental, years one-two £17,500, years three-to-five £20,000, years six-10 £22,500 ■ Lessor’s agent: Fenn Wright ■ Lessee: Prima Cleaners   1-23 Shandwick Place, Edinburgh EH2 4RG ■ Size: 11,618 sq ft (1,079 sq m) ■ Date of deal: 18/09/2017 ■ Rent: £6,300,000, yield 6.22%, rental income £416,401 ■ Vendor: Town Centre Securities ■ Vendor’s agent: Harmer Ray Hoffbrand & Sheridan Property Consultants ■ Purchaser: 83S   Unit 1, 32-34 Queensway, Gainsborough DN21 1SN ■ Size: 2,079 sq ft (193 sq m) ■ Date of deal: 29/09/2017 ■ Rent: £11,000 pa, five-year lease, third year t/o break, half rent for first year ■ Lessor: Lincolnshire Co-operative ■ Lessor’s agent: Banks Long & Co ■ Lessee: Eudaimonia Unit 2C, One Stop Shopping Centre, Walsall Road, Birmingham B42 1AA ■ Size: 5,541 sq ft (515 sq m) ■ Date of deal: 15/08/2017 ■ Rent: £85,000 pa, 10-year lease ■ Lessor’s agent: Cushman & Wakefield ■ Lessee: Mattressman ■ Lessors: Europa Capital and Sovereign Centros   Unit 6, Keighley Retail Park, Hard Ings Road, Keighley BD21 3NJ ■ Size: 4,993 sq ft (464 sq m) ■ Date of deal: 15/09/2017 ■ Rent: £80,000 pa, 10-year lease, six-year break and rent review, three months rent free ■ Lessor: TIAA Henderson Real Estate ■ Lessor’s agents: Cushman & Wakefield and Montagu Evans ■ Lessee: The Bed Shop EG’s Most Active Agent competition winners WEST MIDLANDS Bulleys Cushman & Wakefield Harris Lamb Siddall Jones Savills Dealmaker: James Brookes – Bromwich Hardy “The West Midlands is transforming into the go-to area of the country for investment, with confidence in London starting to decrease. The combined authorities are providing a real impetus for the region, investing heavily where needed, which is benefitting the major city centres and the general commercial property markets in the region. The only thing lacking is new development land for commercial property, which must surely be high on the agenda and forthcoming.” To submit your deals please e-mail deals@egi.co.uk or tweet @egdeals