National deals round-up

EG’s Most Active Agent competition winners MERSEYSIDE CBRE Hitchcock Wright & Partners B8 Real Estate Mason Owen Worthington Owen Dealmaker: Brian Ricketts, Hitchcock Wright & Partners “The Liverpool market in general has shown a resilience to the wider macroeconomic uncertainty surrounding Brexit. Despite a shortage of good-quality office stock, coupled with a slow start to the first quarter of the year in terms of take-up, momentum has now started to build, and there have been a number of sizeable deals which will add another 100,000 sq ft in the next few weeks to these figures. We are hopeful that this will surpass the record year of 2018, when take-up exceeded 425,000 sq ft.” INDUSTRIAL Unit 3, Bermer Place, Imperial Way, Watford WD24 4XX Size: 2,560 sq ft (238 sq m) Date of deal: 24/04/2019 Rent: £30,000 pa, 10-year lease, rent review and lease break at fifth year Lessor: Bermar Lessor’s agent: Smiddy & Co Lessee: Prime Labs Unit 23, City Commerce Centre, Marsh Lane, Southampton SO14 3EW Size: 1,996 sq ft (185 sq m) Date of deal: 07/06/2019 Rent: £15,000 pa, five-year lease Lessor’s agent: Goadsby Lessee: The Carpet & Bed Gallery Unit 4/5, Eden House, Saltash Parkway Industrial Estate, Forge Lane, Saltash PL12 6LX Size: 6,728 sq ft (625 sq m) Date of deal: 04/06/2019 Rent: £37,000 pa, one-year lease Lessor’s agent: Listers Property Consultants Lessee: Cornish Farm Produce 1 Murnin Road, Bonnybridge FK4 2BW Size: 5,518 sq ft (513 sq m) Date of deal: 09/05/2019 Price: £410,000 Vendor’s agent: Graham & Sibbald Purchaser: PL Mobility Unit 7 George Street, Lincoln LN5 8LG Size: 12,273 sq ft (1,140 sq m) Date of deal: 28/05/2019 Rent: £35,000 pa, six-year lease, break and review at year three Lessor’s agent: Banks Long & Co Lessee: Toyotek 1a Eastboro Court, Alliance Close, Attleborough Fields Industrial Estate, Nuneaton CV11 6SD Size: 1,900 sq ft (117 sq m) Date of deal: 12/06/2019 Rent: £11,000 pa, five-year lease, upward-only rent review and break at year three, two months rent-free Lessor’s agent: Loveitts Lessee: Ramsey Fitness OFFICE 3 Crown Buildings, The Green, Chingford E4 7EX Size: 455 sq ft (42 sq m) Date of deal: 15/02/2019 Rent: £24,000 pa, 20-year lease, tenant break at 10th year and rent review every fifth year Lessor: Elite Dining Lessor’s agent: Claridges Commercial Lessee: Pearlind 3-9 Arcade Street, Ipswich IP1 1EX Size: 2,464 sq ft (229 sq m) Date of deal: 26/02/2019 Price: £257,000 Vendor’s agent: Beane Wass & Box and Conway Morris Purchaser: Arcade Street RETAIL 44c Frensham Road, Lower Bourne, Farnham GU10 3PX Size: 950 sq ft (88 sq m) Date of deal: 13/05/2019 Price: £135,000, 8.73% yield Vendor’s agent: Curchod & Co Purchaser: RVS Properties Unit 25-26 Saxon Square Shopping Centre, High Street, Christchurch BH23 1QA Size: 2,750 sq ft (255 sq m) Date of deal: 17/04/2019 Rent: £60,000 pa, 10-year lease, break and review at year five, seven months rent-free Lessor’s agent: Ellis & Partners Lessee: The Works 3 King Street, Stirling FK8 1DN Size: 535 sq ft (50 sq m) Rent: £12,000 pa (years one to four), £14,000 pa (year five), 10-year lease, five-year lease break, five-year rent review Lessor: Wordie Properties Lessor’s agent: Culverwell Lessee: Chesters Artisan Coffee Roasters 16 Eastgate Street, Chester CH1 1LE Size: 693 sq ft (64 sq m) Date of deal: 15/02/2019 Rent: £50,000 pa, 10-year lease, break at year six, upward-only rent review in year five, six months rent-free followed by 12 months half-rent Lessor: The District Estates Lessor’s agents: Ockleston Bailey and Sixteen Real Estate Lessee: The Brogue Trader 49 Telegraph Road, Heswall CH60 0AD Size: 659 sq ft (61 sq m) Date of deal: 02/04/2019 Rent: £12,000 pa, 10-year lease, break and review at year five, six months rent-free Lessor’s agent: Legat Owen Lessor: Equiom (Isle of Man)  Lessee: Chatwins Craven Court, High Street, Skipton BD23 1DG Size: 32,000 sq ft (2,973 sq m) Date of deal: 01/06/2019 Price: £5.4m, 9.51% yield Vendors: Tyburn Lane and Vale Retail Vendor’s agent: Fawcett Mead Purchaser: Praxis Capital Purchaser’s agent: Jackson Criss Peugeot Durham, Alma Place, Durham DH1 2HN Size: 10,438 sq ft (970 sq m) Deal date: 01/06/2019 Price: £1.8m, 7.32% yield Vendor’s asset manager: Cedarwood Asset Management Vendor’s agents: CKD Galbraith and MWM Property Investment Consultants Purchaser’s agent: Johnson Tucker 226 Prestwick Road, Ayr KA8 8NW Size: 731 sq ft (68 sq m) Deal date: 24/04/2019 Price: £185,000 Vendor: Bruce Properties Vendor’s agent: DM Hall Chartered Surveyors Purchaser: Blue Star To submit your deals, please e-mail deals@egi.co.uk