The pick of the deals from around the country this week.
INDUSTRIAL
Air Cargo Centre, Glasgow International Airport, Paisley PA3 2AY
- Size: 150,000 sq ft (13,935 sq m)
- Date of deal: 04/02/2019
- Price: £11,100,000, 6.7% yield
- Vendor: Airport Industrial Nominees
- Vendor’s agents: JLL and Ryden
- Purchaser: Warehouse REIT
- Purchaser’s agent: Savills
Block B, Winston Business Park, Churchill Way, Sheffield S35 2PY
The pick of the deals from around the country this week.
INDUSTRIAL
Air Cargo Centre, Glasgow International Airport, Paisley PA3 2AY
Size: 150,000 sq ft (13,935 sq m)
Date of deal: 04/02/2019
Price: £11,100,000, 6.7% yield
Vendor: Airport Industrial Nominees
Vendor’s agents: JLL and Ryden
Purchaser: Warehouse REIT
Purchaser’s agent: Savills
Block B, Winston Business Park, Churchill Way, Sheffield S35 2PY
Size: 3,609 sq ft (335 sq m)
Date of deal: 01/02/2019
Rent: £24,000 pa, 10-year lease, break at year five, rent review after year five, three months rent free
Lessor: Grayson Investments
Lessor’s agent: Knight Frank
Lessee: Sushi Sushi
Kingston Mill, Manchester Road, Hyde SK14 2BZ
Size: 9,736 sq ft (904 sq m)
Date of deal: 01/12/2018
Rent: £40,000 pa, five-year lease, break after year two
Lessor’s agent: Roberts & Roberts
Lessee: Warm Front
Unit 1, Derwent Business Centre, Clarke Street, Derby DE1 2BU
Size: 1,009 sq ft (94 sq m)
Date of deal: 21/01/2019
Price: £125,000
Vendor’s agent: Innes England
Purchaser: Derbyshire Flooring
Unit 27a, Aber Park Industrial Estate, Aber Road, Flint CH6 5EX
Size: 22,110 sq ft (2,054 sq m)
Date of deal: 11/01/2019
Rent: £45,000 pa, 20-year lease, break at year 10, review after years five, 10 and 15
Lessor: Flintshire County Council
Lessor’s agent: Legat Owen
Lessee: Conrad Energy
Unit 4D, Forties Commercial Campus, Barham Road, Rosyth KY11 2XB
Size: 3,163 sq ft (294 sq m)
Date of deal: 08/02/2019
Rent: £22,141 pa, five-year lease
Lessor: M7 Real Estate
Lessor’s agent: Ryden and JLL
Lessee: Hard Rock Scaffolding
1st Floor, 80 Murray Place, Stirling FK8 2BX
Size: 1,268 sq ft (118 sq m)
Date of deal: 01/12/2018
Rent: £10,000 pa, five-year lease, three-year lease break, three months rent free
Lessor: SRA Ventures
Lessor’s agent: Graham + Sibbald
Lessee: Family Mediation Central Scotland
2nd Floor (part), Solent Business Park, 3600 Parkway, Fareham PO15 7AN
Size: 1,979 sq ft (184 sq m)
Date of deal: 01/01/2019
Rent: £25,727 pa, 10-year lease, nine months rent free, break and review at year five
Lessor’s agents: Hellier Langston and Vail Williams
Lessee: Direct Deal Financial Solutions
3rd Floor, 36 Park Row, Leeds LS1 5JL
Size: 1,949 sq ft (181 sq m)
Date of deal: 01/02/2019
Rent: £41,903 pa, 10-year lease
Lessor: Pace Trustees
Lessor’s asset manager: APAM
Lessor’s agents: Knight Frank and WSB Property Consultants
Lessee: Syndicate 2525
Suite 3, 125 High Street, Berkhamsted HP4 2DJ
Size: 416 sq ft (39 sq m)
Date of deal: 13/02/2019
Rent: £8,000 pa, two-and-a-half years lease
Lessor’s agent: Aitchison Raffety
Lessee: Soden Style
Unit 6, Cressex Business Park, Lancaster Court, Coronation Road, High Wycombe HP12 3TD
Size: 2,018 sq ft (187 sq m)
Date of deal: 14/12/2018
Rent: £30,000 pa, five-year lease
Lessor’s agent: Duncan Bailey Kennedy
Lessor: Country Estates
Lessee: Clarenco
Unit 6, Quay Point, Station Road, Woodbridge IP12 4AL
Size: 3,398 sq ft (316 sq m)
Date of deal: 02/11/2018
Rent: £55,000 pa, 15-year lease, breaks at years seven and 10, rent review after year five
Lessor’s agent: Penn Commercial
Lessee: Orwell Offshore
RETAIL
11 Fore Street, Topsham, Exeter EX3 0HF
Size: 804 sq ft (75 sq m)
Date of deal: 21/12/2018
Rent: £10,500 pa, five and a quarter years lease
Lessor’s agent: Stratton Creber
Lessee: Simply Roka
6-8 Temple Row, Great Western Arcade, Birmingham B2 5HU
Size: 470 sq ft (44 sq m)
Date of deal: 11/02/2019
Rent: £21,000 pa, 10-year lease
Lessor: Windl
Lessor’s agent: Rowley Hughes Thompson
Lessee: Steam House Bagels
Dorsey House, 8 Dorsey Street, Manchester M4 1LU
Size: 2,101 sq ft (195 sq m)
Date of deal: 01/02/2019
Rent: £37,000 pa, 10-year lease, break at year five, rent review at year five
Lessor’s agent: Daniel Harris & Co
Lessee: Rec Room Bars
Unit 2, Royal Star Arcade, High Street, Maidstone ME14 1JL
Size: 973 sq ft (90 sq m)
Date of deal: 21/01/2019
Rent: £22,000 pa, four-year lease
Lessor’s agent: Harrisons Chartered Surveyors
Lessor: Rapsole Lessee: Midshire Care
To submit your deals, please e-mail deals@egi.co.uk