National deals round-up

EG’s Most Active Agent competition winners KENT 1. Watson Day 2. Caxtons 3. Harrisons 4. Cradick Retail 5. Core Commercial Dealmaker: Kevin Dempster, Watson Day “Over the past 36 months we have experienced strong take-up in Kent and south-east London. The level of demand relative to availability has led to a highly competitive marketplace, and we have seen a number of new speculative developments to satisfy demand. “Rental values across the region for prime and secondary premises have increased  by up to 100% (over the past five years in some areas), largely driven by a lack of stock. Competition for multi-let industrial investments has seen prices rise, with yields hardening to historically low levels, largely due to the substantial amount of money available to institutional funds. “Historically high prices have also been paid for vacant-possession freehold industrial units in Sittingbourne and Rochester. “Over the past 12 months Watson Day has transacted approximately 500,000 sq ft of commercial space, which is an increase of 25% on the previous 12 months.” INDUSTRIAL Unit 18, Altitude Business Park, The Drift, Nacton Park, Ipswich IP3 9QP Size: 5,124 sq ft (476 sq m) Date of deal: 12/11/2018 Rent: £16,600 pa, five-year lease, one month rent-free, rent review after year five Lessor’s agent: Penn Commercial Lessee: Amethyst Group Lessor: CCLS Commercial Property Investments Unit 4, Crackley Industrial Estate, Princes Drive, Kenilworth CV8 2FD Size: 14,127 sq ft (1,312 sq m) Date of deal: 10/12/2018 Price: £925,000, 7.72% yield Vendor’s agent: Bromwich Hardy Purchaser: IPM Personal Trustees Unit 7, Greenlea Park, Princes Georges Road, Wimbledon SW19 2PU Size: 6,577 sq ft (611 sq m) Date of deal: 19/02/2019 Price: £850,000 Vendor’s agent: DMA Purchaser’s agent: Andrew Scott Robertson Purchaser: Belderboss Holdings SASS Unit 8, Holland Park, Factory Road, Sandycroft, Deeside CH5 2QJ Size: 2,500 sq ft (232 sq m) Date of deal: 02/01/2019 Rent: £15,000 pa, five-year lease, break at year three, one month rent-free Lessor’s agent: Legat Owen Lessor: Hollingsworth Bros UK Lessee: Acai Activewear Unit 9a, Holmes Chapel Business Park, Manor Lane, Holmes Chapel CW4 8AF Size: 6,817 sq ft (633 sq m) Date of deal: 01/02/2019 Rent: £35,500 pa, five-year lease, three-year lease break, three-year rent review Lessor’s agent: Legat Owen Lessor: Booths Charities Lessee: Scott Brothers OFFICE 1st & 2nd Floor Birchwood Park, 301 Bridgewater Place, Warrington WA3 6XG Size: 20,385 sq ft (1,894 sq m) Date of deal: 30/12/2018 Rent: £448,470 pa, 10-year lease Lessor’s agents: BE Group, CBRE and JLL Lessor: Warrington Borough Council Lessee: Countryside Properties 1st Floor, Gladstone House, Lawnswood Business Park, Leeds LS16 6QY Size: 1,978 sq ft (184 sq m) Date of deal: 15/12/2018 Rent: £34,615 pa, 11-year lease Lessor: Hillview Real Estate Lessor’s agents: JLL and WSB Property Consultants Lessee: Handelsbanken 1st floor, Rose House, Bell Lane Office Village, Bell Lane, Amersham HP6 6FA Size: 5,320 sq ft (494 sq m) Date of deal: 15/12/2018 Rent: £122,360 pa, nine-year lease, three months rent-free, lease break after year three Lessor’s agent: Brasier Freeth Lessee: The Kids Food Company AB1, Huntly Street, Aberdeen AB10 1SH Size: 47,439 sq ft (4,407 sq m) Date of deal: 22/01/2019 Rent: £13,495,000, 7.85% yield Vendor: Aberdeen Standard Investments Vendor’s agent: Ryden Purchaser: Adapt Real Estate 3rd Floor, Doges, 62 Templeton Street, Glasgow G40 1DA Size: 6,663 sq ft (619 sq m) Date of deal: 15/02/2019 Rent: £66,700 pa, 10-year lease, five-year tenant break Lessor: London & Scottish Investments Lessor’s agents: Gerald Eve and Knight Frank Lessee: Fore Digital Ground floor, 17 Church Street, Rickmansworth WD3 1DE Size: 1,583 sq ft (147 sq m) Date of deal: 15/12/2018 Rent: £43,530 pa, 10-year lease, three months rent-free, break after year five Lessor’s agent: Brasier Freeth Lessee: Capital Professional Accountancy Services RETAIL 104 Tankerton Road, Canterbury CT5 2AJ Size: 1,005 sq ft (93 sq m) Date of deal: 28/01/2019 Rent: £10,000 pa, 10-year lease, three months rent-free, break and rent review at year five Lessor’s agent: Caxtons Chartered Surveyors Lessee: Browns Flooring 108 Old Christchurch Road, Bournemouth BH1 1LU Size: 1,172 sq ft (109 sq m) Date of deal: 15/01/2019 Rent: £20,000 pa, four-year lease, break at year two Lessor’s agent: Ellis & Partners Lessee: RSS (Wessex) Clifford House, 30 Longbridge Lane, Derby DE24 8UJ Size: 2,984 sq ft (277 sq m) Date of deal: 21/12/2018 Rent: £15,000 pa, five-year lease Lessor’s agent: BB&J Commercial Lessee: Avondale Former Bank, Church Square, Inveraray PA32 8TY Size: 855 sq ft (79 sq m) Date of deal: 10/01/2019 Rent: £10,000 pa, 10-year lease, lease breaks after three and five years, six months rent-free Lessor’s agent: DM Hall Lessee: British Red Cross Ground Floor, 21 Front Street, Acomb, York YO24 3BW Size: 328 sq ft (30 sq m) Date of deal: 01/02/2019 Rent: £8,950, three-year lease Lessor: Carling & Carling Properties Lessor’s agent: Carling Jones Lessee: Lash Lounge York