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National deals round-up

HEALTHCARE

Royal Hospital For Sick Children, 9 Sciennes Road, Edinburgh EH9 1LF

Size: 4.01 acres (1.62 ha)

Date of deal: 20/09/2017

Price: £20,000,000

Vendor: NHS Lothian

Vendor’s agent: Ryden

Purchaser: Downing Group

INDUSTRIAL

Southern Gateway, Speke Boulevard, Liverpool L24 9HZ

Size: 367,973 sq ft (34,186 sq m)

Date of deal: 20/09/2017

Price: £7,250,000, yield 11.89%, rental income £917,000 pa

Vendor’s agent: JLL

Vendor: Gresham House

Purchaser: St Modwen

Purchaser’s agent: GVA

Purchaser’s legal adviser: Pinsent Masons

 

Unit 11, Axiom, Orbital Park, Southern Orbital Road, Ashford TN24 0GN

Size: 7,234 sq ft (672 sq m)

Date of deal: 01/09/2017

Rent: £72,340 pa, 10-year lease

Lessor’s agents: Strutt & Parker and Altus Group

Lessor: Salmon Harvester Properties

Lessee: Hire Station

 

Unit N, South Cambridge Business Park, Brabaham Road, Cambridge CB22 3JH

Size: 1,625 sq ft (151 sq m)

Date of deal: 08/08/2017

Rent: £29,520 pa, three-year lease

Lessor’s agent: Barker Storey Matthews

Lessee: Dockerill (Plant Hire)

 

Units A & D, Plot 22 Vernon Drive, Shrewsbury ST1 2AZ

Size: 2,980 sq ft (277 sq m)

Date of deal: 11/08/2017

Rent: £14,000 pa, nine-year lease, break and review at years three and six

Lessor’s agent: Towler Shaw Roberts

Lessee: Champion & Reeves

 

Unit 1, Southfields Road, Dunstable LU6 3EJ

Size: 9,883 sq ft (918 sq m)

Date of deal: 26/09/2017

Price: £890,000

Vendor’s agent: Brasier Freeth

Purchaser: 66 Books

 

Unit 5, Danbury Court, Linford Wood, Milton Keynes MK14 6PL

Size: 7,804 sq ft (725 sq m)

Date of deal: 17/08/2017

Rent: £58,530 pa, 10-year lease, five months rent free, break & review at year five

Lessor’s agent: Bidwells

Lessor: Threadneedle Pensions

Lessee: Synology UK

LEISURE

Sadler Gate Bar, Sadler Gate, Derby DE1 3NQ

Size: 2,969 sq ft (276 sq m)

Date of deal: 13/09/2017

Rent: £15,000 pa (rising to £17,000 pa in year five and £18,000 in year eight), 10-year lease, five-year break, five & eight-year reviews

Lessor: Ingleby Investments UK

Lessor’s agent: FHP Property Consultants

Lessee: Bunk (Nottingham)

OFFICE

1st Floor, Grainger Chambers, Hood Street, Newcastle Upon Tyne NE1 6LH

Size: 3,000 sq ft (279 sq m)

Date of deal: 14/09/2017

Rent: £39,000 pa, 10-year lease

Lessor: Newcastle Building Society

Lessor’s agent: BNP Paribas Real Estate

Lessee: Wirecard Solutions

 

5th Floor, Pacific House, 70 Wellington Street, Glasgow G2 6UA

Size: 7,680 sq ft (713 sq m)

Date of deal: 21/09/2017

Rent: £142,080 pa, 10-year lease

Lessor: Quidnet Capital

Lessor’s agents: Lambert Smith Hampton & Ryden

Lessee: McClure Solicitors

 

Ash House, Falcon Road, Sowton Industrial Estate, Exeter EX2 7LB

Size: 15,000 sq ft (1,394 sq m)

Date of deal: 06/09/2017

Rent: £172,608 pa, 10-year lease, tenant-only break at year seven

Lessor: William Pollard & Co

Lessee: Highways England

Lessee’s agent: Savills

 

Earle House, Colonial Street, Hull HU2 8JY

Size: 23,382 sq ft (2,172 sq ft)

Date of deal: 01/09/2017

Rent: £233,800 pa, one-year lease

Lessor: NPS Humber

Lessor’s agent: NPS Group

Lessee: Hull City Council

RETAIL

24-25 High Street, Chepstow NP16 5LJ

Size: 1,500 sq ft (139 sq m)

Date of deal: 22/09/2017

Rent: £40,000 pa, 10-year lease

Lessor’s agent: Mason Owen

Lessee: Select

Lessee’s agent: Rowley Hughes Thompson

 

26 Birmingham Road, Sutton Coldfield B72 1QQ

Size: 1,197 sq ft (111 sq m)

Date of deal: 20/09/2017

Rent: £25,000 pa, five-year lease

Lessor’s agent: Burley Browne

Lessor: Romar Investments

Lessee: Mybodega

Lessee’s agent: Rowley Hughes Thompson

 

119-121 Broadway, Bexleyheath DA6 7HF

Size: 3,392 sq ft (315 sq m)

Date of deal: 13/09/2017

Rent: £110,000 pax, five years nine months lease, nine months rent free, rent review at 13/06/18

Assignor’s agent: Smith Price

Assignor: BrightHouse

Assignee: Bon Marche

Assignee’s agent: CAPA

 

Unit 1, George Court, 91 High Street, Haddington EH41 3ET

Size: 1,145 sq ft (199 sq m)

Date of deal: 15/08/2017

Rent: £30,000 pa, 10-year lease, five-year rent review, two months rent free

Lessor: Zest Capital Management

Lessor’s agents: IME Property and Graham & Sibbald

Lessee: Falko Konditormeister


EG’s Most Active Agent competition winners

Edinburgh

1. Ryden

2. JLL

3. Eric Young

4. Cushman & Wakefield

5. IME Property

Dealmaker – Steven Clarke (Shepherd Commercial)

“The Edinburgh market has remained strong throughout 2017 with strong take-up from both purchasers and tenants. The retail sector has continued to dominate 2017 deals, but our reputation across all sectors is proven with awards such as this. With a lack of stock on the market, the agency team at Shepherds continues to focus on new instructions to allow us to hit the ground running in 2018.”

 

To submit your deals please e-mail deals@egi.co.uk or tweet @egdeals

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