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National deals: 18 March 2017

A round-up of notable deals from around the UK

INDUSTRIAL

Unit 2, May Avenue Industrial Estate, May Avenue, Gravesend DA11 8RU

Size: 1,977 sq ft (184 sq m)

Date of deal: 03/03/2017

Rent: £15,500 pax, five-year lease, three months rent-free, tenant break at year three

Lessor: Cedarlane

Lessor’s agent: Caxtons

Lessee: Whitehole Industries

Unit 8, City Trading Estate, Norwich NR2 4UX

Size: 5,094 sq ft (473 sq m)

Date of deal: 01/03/2017

Rent: £28,017 pa, 10-year lease, six months rent-free, rent review at year five

Lessor’s agent: Brown & Co

Lessee: CareCo (UK)

Lessor: LAMIT

Unit B Seller Way Business Park, Sellers Way, Oldham OL9 8EY

Size: 7,220 sq ft (671 sq m)

Date of deal: 27/01/2017

Rent: £28,880 pa, five-year lease, six weeks rent-free

Lessor’s agent: Beesleys

Lessee: Caterfab

Production Facility, Rainhill Road, Washington NE37 3HP

Size: 151,037 sq ft (14,032 sq m)

Date of deal: 01/03/2017

Price: £5.5m, yield 6.4%

Vendor: Sulgrave Investments

Vendor’s agent: JLL

Purchaser: Standard Life Investments Property Income Trust

Purchaser’s agent: GVA

Lessee: SNOP UK

Sighthill Industrial Estate, Bankhead Drive, Edinburgh EH11 4DW

Size: 27,000 sq ft (2,508 sq m)

Date of deal: 06/03/2017

Price: £1.6m

Vendor: SRA Ventures

Vendor’s agents: Ryden and Graham & Sibbald

Purchaser: Kangaroo Self Storage

OFFICE

Part 1st floor, Beaver House, Hythe Bridge Street, Oxford OX1 2ET

Size: 15,917 sq ft (1,479 sq m)

Date of deal: 07/02/2017

Rent: £282,500 pa, 10-year lease, 12 months rent-free, rent review June 2021

Lessor’s agent: VSL & Partners

Lessor: Blackwells

Lessee: Crichleys

Unit 17, Pride Park, Brunel Parkway, Derby DE24 8HR

Size: 2,057 sq ft (191 sq m)

Date of deal: 06/02/2017

Rent: £21,500 pax, five-year lease, tenant break and rent review at year three

Lessor’s agent: BB&J

Lessee: Silktide

Unit 4, Acorn Business Park, Flint CH5 5YN

Size: 1,575 sq ft (146 sq m)

Date of deal: 03/03/2017

Rent: £12,600 pa, five-year lease, three months rent-free, break after three years

Lessor’s agent: Legat Owen

Lessee: Carewatch

Lessor: Joseph Ogden Estates

1st floor, 41-51 Grey Street, Newcastle Upon Tyne NE1 6EE

Size: 3,013 sq ft (280 sq m)

Date of deal: 01/03/2017

Rent: £51,225 pa, 10-year lease, break at year five

Lessor: Norham House

Lessor’s agent: BNP Paribas Real Estate

Lessee: GHD

RETAIL

39 Bell Street, Sawbridgeworth CM21 9AR

Size: 518 sq ft (48 sq m)

Date of deal: 27/01/2017

Rent: £9,600 pa, five-year lease, mutual break after three years

Lessor’s agent: Mullucks Wells & Associates

Lessor: Forebury Estates

Unit 37, Dockside Outlet Centre, Dockhead Road, Chatham ME4 3ER

Size: 1,195 sq ft (111 sq m)

Date of deal: 16/01/2017

Rent: £22,000 pa, five-year lease, six months rent-free

Lessor: WD

Lessor’s agent: JP Retail

Lessee: Card Factory

Unit 36, Sovereign Shopping Centre, High Street, Weston-Super-Mare BS23 1HL

Size: 650 sq ft (60 sq m)

Date of deal: 23/02/2017

Rent: £27,000, five-year lease

Lessor’s agents: Fawcett Mead and GVA

Lessor: Vixcroft

Lessee’s agent: Latham High

Lessee: Socialites

61-63 Weston Road, Stoke ST3 6AB

Size: 2,185 sq ft (203 sq m)

Date of deal: 18/01/2017

Rent: £15,000 pa, 20-year lease, rent reviews every five years

Lessor: Co-operative Bank

Lessor’s agent: Mason Owen

Lessee: Pizza Hut Delivery

37 Unicorn Hill, Redditch B97 4QR

Size: 1,059 sq ft (98 sq m)

Date of deal: 09/02/2017

Rent: £14,950 pa

Lessor’s agent: Nicholas Brett & Co

Lessee: Hotcha

45 Shore Street, Inverness IV1 1NF

Size: 6,330 sq ft (588 sq m)

Date of deal: 08/03/2017

Price: £500,000

Vendor: MacGregor Properties

Vendor’s agent: Shepherd Commercial

Purchaser: Generator Power

24 Gold Street, Saffron Walden CB10 1EJ

Size: 1456 sq ft (135 sq m)

Date of deal: 15/12/2016

Rent: £16,000 pa, 10-year lease, break and review at year five, one month rent-free

Lessor: Saffron Walden Motors

Lessor’s agent: Mullucks Wells

Lessee: IPSEA

EG’s Most Active Agent competition winners:


Northern Ireland

  1. Lambert Smith Hampton
  2. O’Connor Kennedy Turtle
  3. DTZ McCombe Pierce
  4. McKibbin Commercial
  5. Lisney

Dealmaker – Michael Burke, O’Connor Kennedy Turtle

“To win EG’s Most Active Agent in Northern Ireland is a real honour. The past year has been very demanding and it has been a pleasure to secure so many instructions and, more importantly for my clients, to have executed the deals. I am very appreciative of being recognised for my efforts and achievements.”

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