Regional deals – 17 December 2016

The transactions listed below are a selection of deals from throughout the UK recently added to EGi. EGi provides the market’s leading comparables database, fully researched and updated with more than 5,000 new results each month. SIGNIFICANT DEAL Chosen by Graham Fox, investment partner, Knight Frank DePuy Building, Capitol Boulevard, Capitol Park, Morley, Leeds Size 68,230 sq ft Seller Sterling Capitol Buyer Pvt institutional investor Tenant DePuy International with passing rent of £4.80 per sq ft (6 years on lease) Price £4.77m Yield 6.25% This is a significant deal because it graphically illustrates that the Yorkshire region continues to be popular with investors and occupiers, and underlines the fact that well-located buildings on strong leases will always prove attractive. Capitol Park is within minutes of Junction 28 of the M62, close to the heart of Yorkshire’s excellent motorway network and within five minutes of Leeds city centre. To the investor, it offers an excellent covenant strength in a superb building and room for rental growth. The out-of-town regional market, which was out of favour during the recent recession, has now returned to normality. This was also a unique opportunity in the South Leeds market, which is set to benefit from the shortage of good-quality warehousing stock in the area. It also demonstrates the continued appetite for good-quality investments and reflects the confidence in the industrial real estate sector. Completed a significant deal recently? Can be any sector, leasing or investment and any size. Must be able to disclose rents/price. Email suggestions to stacey.meadwell@estatesgazette.com OFFICES Oxfam House, John Smith Drive, OXFORD OX4 2JY Size 87,000 sq ft (8,082m²) Date of deal 15/11/2016 Price £29,900,000, 5.28% yield Vendor’s agent Strutt and Parker Vendor Aviva Investors Purchaser’s agent Cushman & Wakefield Purchaser Sutton Council Lessee Oxfam Suite 4, De Clare House, Pontygwindy Industrial Estate, CAERPHILLY CF83 3HU Size 1,360 sq ft (126m²) Date of deal 26/10/2016 Rent £6,865 pa, 10-year lease, break at year 5, 5 months rent free Lessor’s agent Alder King Lessee Montana Healthcare Unit 7, Dunston Technology Park, Dunston Road, CHESTERFIELD S41 8NE Size 10,201 sq ft (948m²) Date of deal 10/11/2016 Price £1,350,000, NIY 8.69% Rental income £117,362.05 pa Vendor’s agent Salloway Property Consultants Purchaser Speeds (Nottingham) Lessee Imagesound Suite 10, Alcora Building, Mucklow Hill, HALESOWEN B62 8DG Size 2,271 sqft (211m²) Date of deal 30/11/2016 Rent £15,900 pa, 7-year lease (first 2 half-rent) Lessor Alcora Warren Lessor’s agent Fisher German Lessee Nash Warren RETAIL 19 East Street, SOUTHAMPTON SO14 3HG Size 1,522 sq ft (141m²) Date of deal 15/11/2016 Rent £15,000 pax, 10-year lease, 6 months rent free, 5-year break and review Lessor 19-21 East Street Southampton Lessor’s agent Osmond Brookes Lessee Rocket Repairs 87 High Street, DUMFRIES DG1 2BN Size 2,071 sq ft (192m²) Date of deal 15/11/2016 Price £585,000, NIY 12.93% Rental income £79,150 pa Vendor Osprey Equity Partnership Vendor’s agent Sheridan Property Purchaser Rutterford Purchaser’s agent Eric Young & Co Lessee S & J Clark 48 Clifton Street, LYTHAM ST ANNES FY8 5EW Size 2,630 sq ft (244m²) Date of deal 15/10/2016 Rent £30,000 pa, 10-year lease, 5-year break, 6 months rent free Lessor Leonard Seitler Properties Lessor’s agents Mason Owen and Jeremy Rubin and Co Lessee Greggs 132 Morningside Road, EDINBURGH EH10 4BX Size 604 sq ft (56m²) Date of deal 01/12/2016 Rent £20,000 pa, 10-year lease Lessor Aspidistra Lessor’s agent Ryden Lessee Round Square Roastery Lessee’s agent Eric Young & Co INDUSTRIAL Linley Road, Kidsgrove, STOKE-ON-TRENT ST7 1XS Size 8.79 acres (3.56 ha) Date of deal 22/11/2016 Price £3,000,000 Vendor’s agent Harris Lamb Vendor Realty Estates Purchaser Arnold Clark Purchaser’s agent Colliers International 20 Wright Road,IPSWICH IP3 9RN Size 5,030 sq ft (467m²) Date of deal 14/09/2016 Rent £15,000 pa, 3-year lease Assignor’s agents Dunlop Heywood & Penn Commercial Assignee Clearscore COMPETITION RESULTS: GLASGOW Most active agent Ryden Cushman & Wakefield JLL CBRE Lambert Smith Hampton Dealmaker Tim Jacobsen, Ryden “Glasgow continues to perform well with take-up for 2016 on track to exceed 2015 levels despite the recent political events. We are delighted to have been involved in the largest volume of lettings in the Glasgow market across our diversified range of landlord office stock.” To submit your deals please e-mail deals@egi.co.uk or tweet @egideals