National deals round-up: investors swoop for industrial asset

EG’s Most Active Agent competition winners Dorset 1. Sibbett Gregory 2. Ellis & Partners 3. Goadsby 4. Nettleship Sawyer 5. Willis Commercial Dealmaker: Thomas Simpkin, Ellis & Partners “The demand for shops in the high street is coming less and less from your usual retail users, which is probably down to extremely quick free postage from online retail sites, and rather more likely from A3, A4, D2 users (uses you cannot do or buy on the internet) but due to current planning law there is a restriction which hinders natural growth and elevation of the high street. If non-retail users were able to enter our high streets more easily, demand for the high-street would increase.” Wiltshire 1. Myddelton & Major 2. Whitmarsh Lockhart =3. Alder King =3. Kavanaghs 5. Carter Jonas Dealmaker: Paul Whitmarsh, Whitmarsh Lockhart “The logistics market in Swindon and north Wiltshire continues to thrive, with recent lettings to B&Q and Iceland, and continued demand has kept the market robust, despite the uncertainty in other parts of the economy. Supply of warehousing and industrial stock is at an all-time low and as a consequence this is now showing healthy improvements in both the rental and capital values, with speculative development returning to the marketplace.” INDUSTRIAL Pilot Trade Centre, London Road, Coventry CV3 4RP Size: 31,000 sq ft (2,880 sq m) Date of deal: 05/10/2018 Price: £5.2m, 5.6% yield Vendor’s agent: Bromwich Hardy Purchaser: CIP Threadneedle UK Property Nominees Purchaser’s agent: Knight Frank 46 Edison Road, St Ives PE27 3LG Size: 27,339 sq ft (2,540 sq m) Date of deal: 01/09/2018 Price: £1.35m Vendor: SWP Group Vendor’s agent: Barker Storey Matthews Purchaser: Linx Printing Technologies Dunball Industrial Estate, Bristol Road, Dunball, Bridgwater TA6 4TP Size: 48,432 sq ft (4,499 sq m) Date of deal: 18/10/2018 Price: £4.8m, 6.9% yield, rental income £245,000 pa Purchaser: Stenprop Purchaser’s agent: Hartnell Taylor Cook Unit 12 Manor Park, Berkeley Court, Runcorn WA7 1TQ Size: 5,000 sq ft (465 sq m) Date of deal: 01/08/2018 Rent: £27,500 pa, five-year lease Lessor’s agent: B8 Real Estate Lessor: Langtree Lessee: Play Nation Unit C1-B Sydenham Business Park, Belfast BT3 9LF Size: 5,943 sq ft (552 sq m) Date of deal: 01/10/2018 Rent: £10,000 pa, five-year lease, two-year lease break Lessor’s agent: Lambert Smith Hampton Lessee: Grid Beyond LEISURE 62-64 George Street, Perth PH1 5JL Size: 1,300 sq ft (121 sq m) Date of deal: 15/08/2018 Rent: £20,000 pa, 20-year lease Lessor: James Hay Pension Trustees Lessor’s agent: Shepherd Commercial Lessee: Brewdog OFFICE Suite 3, 4th Floor, Granite House, Stockwell Street, Glasgow G1 4RZ Size: 3,120 sq ft (290 sq m) Date of deal: 15/09/2018 Rent: £51,480 pa, five-year lease Lessor: CF Granite Lessor’s agents: Lambert Smith Hampton and Savills Lessee: People Plus Scorex House, 1 Bolton Road, Bradford BD1 4AS Size: 28,985 sq ft (2,689 sq m) Date of deal: 15/09/2018 Rent: £231,560 pa, 10-year lease Lessor: Omaha Nominees Lessor’s agents: Knight Frank and Mark Brearley & Company Lessee: NHS Property Services RETAIL Goldstone House, Langston Road, Loughton IG10 3TQ Size: 27,000 sq ft (2,508 sq m) Date of deal: 30/10/2018 Price: £6.35m, 4.95% yield Vendor: Travis Perkins Vendor’s agent: HSM Purchaser: LSH Investment Management Purchaser’s agent: Northgate Property Lessee: Wickes 17 Liverpool Road, Southport PR8 4AR Size: 1,645 sq ft (153 sq m) Date of deal: 01/09/2018 Rent: £29,000 pa, 20-year lease Lessor’s agent: Hitchcock Wright & Partners Lessor: Mapeley Columbus II Lessee: Lytham Wine Company 5 Market Place, Louth LN11 9NR Size: 440 sq ft (41 sq m) Date of deal: 18/10/2018 Rent: £19,500 pa, five-year lease Lessor: Sensepark Properties Lessor’s agent: Banks Long & Co Lessee: Fone Doctor 222a London Road, Waterlooville PO7 7AA Size: 2,858 sq ft (266 sq m) Date of deal: 30/10/2018 Rent: £32,000 pa, 12-year lease, three months rent-free Lessor’s agent: Realest Lessor: ETEL Lessee: Enterprise Rent A Car 119a High Street, Sittingbourne ME10 4AQ Size: 2,232 sq ft (207 sq m) Date of deal: 24/10/2018 Rent: £26,500 pax, 15-year lease, three months rent-free, tenant-only break at year 11, upward-only rent review at years five and 10 Lessor’s agent: Cradick Retail Lessee’s agent: Westley & Hedge Lessee: Portman Healthcare 257-258 High Street, Sunderland SR1 3DH Size: 2,124 sq ft (197 sq m) Date of deal: 29/10/2018 Rent: £10,000, five-year lease Lessor: Reisel Trust Lessor’s agent: Sanderson Weatherall Lessee: Express Phones Unit 3, Central Square, BBC Cymru Wales Headquarters, Cardiff CF10 1EP Size: 1,470 sq ft (137 sq m) Date of deal: 24/09/2018 Rent: £122,000 pa, 15-year lease, six months rent-free Lessor’s agent: Cooke & Arkwright Lessee: Greggs Canberra House, 1a London Road, St Albans AL1 1LE Size: 847 sq ft (79 sq m) Date of deal: 25/10/2018 Rent: £25,000 pa, 10-year lease Lessor’s agent: Brasier Freeth Lessee: Midshires Care Lessee’s agent: Bruton Knowles To submit your deals, please e-mail deals@egi.co.uk