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
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