Back
News

National deals round-up: trio of £3m-plus shed deals

EG’s Most Active Agent competition winners

Worcestershire

  • Fisher German
  • John Truslove
  • GJS Dillon
  • Harris Lamb
  • Andrew Grant Commercial

Dealmaker: John Dillon, GJS Dillon

“I am delighted to win the Worcestershire Dealmaker award for the fourth year running, in what has been a very busy year in terms of commercial property activity throughout the county.

“We have seen an unprecedented amount of demand over the last 12 months for industrial and warehouse space (both freehold and leasehold). The office market has been a little more sporadic than in previous years, however its really encouraging to see that month-on-month we are receiving more enquiries for office accommodation (particularly freehold), and we anticipate this trend to continue for the foreseeable future.”


The pick of the deals from around the regions this week:

INDUSTRIAL

Enterprise Park, Jarman Way, Royston SG8 5FE

  • Size: 32,250 sq ft (2,996 sq m)
  • Date of deal: 12/09/2018
  • Price: £3.5m
  • Vendor’s agent: Savills
  • Purchaser: Elvidge & Jones Properties
  • Purchaser’s agent: Derrick Wade Waters

Glasshoughton Colliery & Coking Works, Carr Wood Road, Castleford WF10 4UA

  • Size: 12.5 acres
  • Date of deal: 27/09/2018
  • Price: £3.8m
  • Vendor: Waysone 
  • Vendor’s agent: Knight Frank
  • Purchasers: BA Pension Fund, Barwood Capital & Tungsten Properties 

Unit 3 & Unit 4, Attleborough Fields Industrial Estate, Ptarmigan Place, Nuneaton CV11 6RX

  • Size: 4,404 sq ft (409 sq m)
  • Date of deal: 24/07/2018
  • Rent: £16,000 pa, five-year lease, one month rent-free, break and rent review at year three
  • Lessor’s agent: Loveitts
  • Lessee: Dodd Group 

Unit 4b Kingsfield Industrial Estate, Wirksworth DE4 4BG

  • Size: 1,446 sq ft (134 sq m)
  • Date of deal: 01/09/2018
  • Rent: £8,000 pa, one-year lease
  • Lessor’s agents: BB&J and Chown Commercial
  • Lessee: Daystar Campers

Unit 5, Newburn Riverside Park, Gateway West, Newcastle Upon Tyne NE15 8NX

  • Size: 58,665 sq ft (5,450 sq m)
  • Date of deal: 21/09/2018
  • Price: £4.675m, 6.32% yield
  • Vendor: Newcastle City Council
  • Vendor’s agent: Lambert Smith Hampton
  • Purchaser: Canal & River Trust
  • Purchaser’s agent: GVA
  • Lessee: HNS

Unit 4 Lonlas Industrial Estate, Lonlas, Neath SA10 6SN

  • Size: 6,180 sq ft (574 sq m)
  • Date of deal: 23/08/2018
  • Rent: £22,600 pa, five-year lease
  • Lessor’s agent: Jenkins Best
  • Lessee: Plumbwise Wales

Unit 7, Network Oxford Trade City, Sandy Lane West, Oxford OX4 6JU

  • Size: 6,665 sq ft (619 sq m)
  • Date of deal: 07/08/2018
  • Rent: £74,981 pa, 10-year lease, four months rent-free
  • Lessor: CBRE PIF UK 
  • Lessor’s agents: Lambert Smith Hampton and VSL & Partners
  • Lessee: Auto Windscreens

Unit L, Beech Industrial Estate, Todmorden Road, Bacup OL13 9HJ

  • Size: 6,325 sq ft (588 sq m)
  • Date of deal: 19/09/2018
  • Price: £245,000
  • Vendor’s agent: Petty Chartered Surveyors
  • Vendor: Trustees of the Dennons Retirement Scheme
  • Purchaser: Eddingbrook Holdings

OFFICE

1st Floor, 1 Ratho Park, Glasgow Road, Newbridge EH28 8PE

  • Size: 4,368 sq ft (406 sq m)
  • Date of deal: 05/08/2018
  • Rent: £35,000 pa, five-year lease, break at year three
  • Lessor: City of Edinburgh
  • Lessor’s agent: Cushman & Wakefield and JLL
  • Lessee: Scotland Food & Drink

1st Floor, Mountbatten House, Grosvenor Square, Southampton SO15 2BZ

  • Size: 12,981 sq ft (1,206 sq m)
  • Date of deal: 31/07/2018
  • Rent: £249,884.25 pa, 10.9-year lease, 10 months rent-free, break at 5.9 years, upward-only rent review at year five
  • Lessor’s agents: CBRE and Realest
  • Lessor: PFC Assest Management
  • Lessee’s agent: Cushman & Wakefield
  • Lessee: Ocean Network Express

38 Cadogan Street, Glasgow G2 7HF

  • Size: 40,000 sq ft (3,716 sq m)
  • Date of deal: 28/09/2018
  • Price: £7.3m, 4.8% yield
  • Vendor: LaSalle Investment Management
  • Vendor’s agent: Ryden
  • Purchaser: APAM 
  • Purchaser’s agent: Knight Frank

Suites 1 & 2, Stepnell House, Tollgate Business Parl, Eastleigh SO53 3YP

  • Size: 4,702 sq ft (437 sq m)
  • Date of deal: 11/07/2018
  • Rent: £89,338 pa, 10-year lease
  • Lessor’s agent: Lambert Smith Hampton
  • Lessor: Stepnell   
  • Lessee: TFM H

RETAIL

2 Beam Street, Nantwich CW5 5LL

  • Size: 1,424 sq ft (132 sq m)
  • Date of deal: 01/09/2018
  • Rent: £24,000 pa, five-year lease, three months rent-free plus three months at half rent
  • Lessor’s agent: Legat Owen
  • Lessor: BWSIPP BEAM
  • Lessee: Card Factory

40 Tavern Street, Ipswich IP1  3AP

  • Size: 1,444 sq ft (134 sq m)
  • Date of deal: 28/08/2018
  • Rent: £32,500 pa, five-year lease, six months rent-free, break at year three
  • Lessor: Ceres Estates 
  • Lessor’s agent: Francis Darrah
  • Lessee: Hotel Chocolat

15 Lyon Way, Kingdom Shopping Centre, Glenrothes KY7 5NW

  • Size: 996 sq ft (93 sq m)
  • Date of deal: 24/09/2018
  • Rent: £14,000 pa, 10-year lease
  • Lessor: LaSalle Investment Management
  • Lessor’s agents: Eric Young and Savills
  • Lessee: Kingdom Credit Union

Unit 13a, Saxon Square Shopping Centre, High Street, Christchurch BH23 1QA

  • Size: 1,238 sq ft (115 sq m)
  • Date of deal: 10/08/2018
  • Rent: £22,000 pa, 10-year lease, break and review after year five, six months rent-free
  • Lessor’s agent: Ellis & Partners
  • Lessee: Dorset Blind Association

To submit your deals, please e-mail deals@egi.co.uk

Up next…