National deals round-up

The pick of the deals from around the country this week EG’s Most Active Agent competition winners Edinburgh 1. Ryden 2. JLL 3. Eric Young & Co 4. Shepherd Commercial 5. Knight Frank Dealmaker – Steven Clarke (Shepherd Commercial) “The Edinburgh commercial market has continued to build on a strong 2017. We have experienced positive activity across all sectors, with retail lettings once again dominating our deals.  As we reach the end of 2018, the agency team at Shepherd continues to focus on new instructions for 2019.” INDUSTRIAL Unit 17 Cherrycourt Way Trading Estate, Cherrycourt Way, Leighton Buzzard LU7 4UH ■ Size: 1,044 sq ft (97 sq m) ■ Date of deal: 28/09/2018 ■ Rent: £8,100 pa, five-year lease, tenant-only break after year three ■ Lessor: Central Bedfordshire Council ■ Lessor’s agent: Smiddy & Co ■ Lessee: SMR Engineering Services Stukeley Meadows Industrial Estate, St Margarets Way, Huntingdon PE29 6DG ■ Size: 29,125 sq ft (2,706 sq m) ■ Date of deal: 27/09/2018 ■ Price: £3,250,000, 5.83% yield ■ Vendor: Warehouse REIT ■ Vendor’s agents: Allsop and Savills Unit 10, Centenary Park, Coronet Way, Salford M50 1RE ■ Size: 25,300 sq ft (2,350 sq m) ■ Date of deal: 12/09/2018 ■ Rent: £170,775 pa, 12-year lease ■ Lessor’s agents: B8 Real Estate & Riddell TPS ■ Lessor: Duchy of Lancaster ■ Lessee’s agent: Altus Group ■ Lessee: Centrica Unit 13, Bulwark Industrial Estate, Bulwark, Chepstow BH16 5QZ ■ Size: 2,368 sq ft (220 sq m) ■ Date of deal: 29/08/2018 ■ Rent: £14,200 pa, five-year lease ■ Lessor’s agent: Jenkins Best ■ Lessee: Motor Parts Direct RETAIL Hendon Waterside, West Hendon Broadway, London NW9 7AE ■ Size: 4,565 sq ft (424 sq m) ■ Date of deal: 01/10/2018 ■ Rent: £115,000 pa, 15-year lease ■ Lessor: Barratt Metropolitan ■ Lessor’s agent: Michael Berman & Co ■ Lessee: The Co-Op ■ Lessee’s agent: Montagu Evans 25 St Werburgh Street, Chester CH1 2DY ■ Size: 852 sq ft (79 sq m) ■ Date of deal: 01/08/2018 ■ Rent: £25,000 pa, five-year lease, 6 months rent-free ■ Lessor’s agent: Wild Commercial Property ■ Lessor: Werburgh Properties ■ Lessee: Scandinavian Living 297 Wallisdown Road, Poole BH12 5BT ■ Size: 1,184 sq ft (110 sq m) ■ Date of deal: 23/08/2018 ■ Rent: £18,000 pa, five-year lease ■ Lessor’s agent: Ellis & Partners ■ Lessee: B & H Services Air Conditioning Dutton Court, Chainbridge Road, Blaydon-On-Tyne NE21 5ST ■ Size: 50,453 sq ft (4,687 sq m) ■ Date of deal: 01/09/2018 ■ Price: £2,905,000, 7.8% yield ■ Vendor: UK Land Estates ■ Vendor’s agent: Singer Vielle ■ Purchaser’s agent: Naylors Chartered Surveyors OFFICE ■ 20-22 Torphichen Street, Edinburgh EH3 8JB ■ Size: 832 sq ft (77 sq m) ■ Date of deal: 01/07/2018 ■ Rent: £18,304 pa, five-year lease, three-year break ■ Lessor: Chris Stewart Group ■ Lessor’s agents: JLL & Cuthbert White ■ Lessee: Docs 24 11-12 Lochside Place, Edinburgh EH12 9HA ■ Size: 43,801 sq ft (4,069 sq m) ■ Date of deal: 30/08/2018 ■ Rent: £919,821 pa, 10-year lease ■ Lessor: Bank of Montreal ■ Lessor’s agents: Cushman & Wakefield and Cuthbert White ■ Lessee: Diageo ■ Lessee’s agent: JLL 7th Floor, 7 Park Row, Leeds LS1 5EY ■ Size: 1,640 sq ft (152 sq m) ■ Date of deal: 12/09/2018 ■ Rent: £45,920 pa, 10-year lease, break after year five ■ Lessor: CBRE Global Investors ■ Lessor’s agent: Savills ■ Lessee: FPP Rangefinder House, Newport Road, Cowes PO31 8PF ■ Size: 35,084 sq ft (3,259 sq m) ■ Date of deal: 25/09/2018 ■ Rent: £175,420 pa, 18-year lease, break at year five ■ Lessor’s agent: Savills ■ Lessor: BAE Systems ■ Lessee: IWC Media Suite 1, The Westlands, 132 Compton Road, Wolverhampton WV3 9QB ■ Size: 460 sq ft (43 sq m) ■ Date of deal: 28/08/2018 ■ Rent: £5,520 pa, three-year lease ■ Lessor’s agent: Bulleys ■ Lessor: Building Development Partnership ■ Lessee: Privilege Health Clinic Brookfield Lodge, Main Road, Hathersage S32 1BB ■ Size: 405 sq ft (38 sq m) ■ Date of deal: 07/10/2018 ■ Rent: £6,500 pa, six-year lease ■ Lessor’s agent: Crosthwaite Commercial ■ Lessee: G9 Design Unit 4 – 1st Floor, Solent Business Park, Victory Way, Fareham PO15 7FN ■ Size: 1,316 sq ft (122 sq m) ■ Date of deal: 30/08/2018 ■ Rent: £19,750 pa, five-year lease, break at year three ■ Lessor’s agent: Primmer Olds BAS ■ Lessor: Hampshire Business Computers ■ Lessee: Mexa Sollutions Level 1 West, Belford house, 59 Belford Road, Edinburgh EH4 3UE ■ Size: 3,780 sq ft (351 sq m) ■ Date of deal: 30/07/2018 ■ Rent: £51,030 pa, five-year lease, three-year break ■ Lessor’s agents: Eric Young & Co and JLL ■ Lessee: X Design ■ Lessee’s agent: FT Linden