National deals round-up

EG’s Most Active Agent competition winners Dorset Goadsby Ellis & Partners Nettleship Sawyer Sibbett Gregory Willis Commercial Dealmaker: Thomas Simpkin, Ellis & Partners “Demand to lease and purchase commercial property in the local area remains high despite concerns surrounding Brexit, especially those in the neighbouring suburbs where rents are generally lower and business rates are subject to small business rates relief.  “I believe demand will return for prime retail units in the main high streets once things settle down around Brexit, so long as shops in the high street are allowed to be used for other uses and not solely for retail as they struggle to complete with their online competitors.” Wiltshire Myddelton & Major Whitmarsh Lockhart Alder King Loveday Kavanaghs Dealmaker: Chris Brooks, Whitmarsh Lockhart “Despite current political uncertainty, the local market continues to remain resilient, with particular demand from owner-occupiers. There is still a shortage of quality industrial warehousing stock. Currently, we are involved with several speculative development schemes, where units are under offer prior to completion.” INDUSTRIAL 104 Lakes Industrial Estate, Lakes Innovation Centre, Lakes Road, Braintree CM7 3AN Size: 670 sq ft (62 sq m) Date of deal: 01/10/2019 Rent: £8,040 pa, three-year lease, break at first year Lessor’s agent: Nicholas Percival Lessee: Straker Tech UK Unit 1D, Hawley Lane Industrial Estate, Hawley Lane, Farnborough GU14 8EH Size: 3,556 sq ft (330 sq m) Date of deal: 27/08/2019 Rent: £44,450 pa, 10-year lease, tenant break and upward-only rent review at year five, six months rent free Lessor: Universities Superannuation Scheme Lessor’s agent: Hollis Hockley Lessee: Dulux Unit 2, Eagle Court, Preston Farm Business Park, Stockton-On-Tees TS18 3TB Size: 19,483 sq ft (1,810 sq m) Date of deal: 15/10/2019 Rent: £95,000 pa, five-year lease Lessor: Vardy Property Group Lessor’s agent: Naylors Gavin Black Lessee: Siemens Mobility Unit 5, Ravenhurst Court, Risley Road, Warrington WA3 6PN Size: 3,033 sq ft (281 sq m) Date of deal: 01/10/2019 Rent: £16,000 pa, five-year lease, four months rent free Lessor: Orbit Developments Lessor’s agent: Roberts Vain Wilshaw Lessee: Motor Parts Direct Unit 66 Central Section, Deeside Industrial Park, Zone 1, Deeside CH5 2UA Size: 2,935 sq ft (273 sq m) Date of deal: 30/09/2019 Rent: £17,600 pa, five-year lease, break at year three, six months at half-rent Lessor: M7 Real Estate Lessor’s agent: Legat Owen Lessee: Revive Chester LEISURE Tenpin Falkirk, Redbrae Road, Camelon, Falkirk FK1 4HJ Size: 24,495 sq ft (2,276 sq m) Date of deal: 18/10/2019 Price: £2.2m, 7.5% yield Vendor: Team Scotland Vendor’s agent: RJ Pearson Property Consultants Purchaser: Telford Purchaser’s agent: Montagu Evans and Harper Macleod NON-RESI 570 Newark Road, South Hykeham, Lincoln LN6 9NP Size: 1,122 sq ft  (104 sq m) Date of deal: 10/10/2019 Rent: £16,000 pa in years one and two, £17,000 pa in year three, £18,000 pa in years four and five, five-year lease,  tenant break at year three Lessor’s agent: Banks Long & Co Lessee: Connect Health OFFICE 243 Ashley Road, Poole BH14 9DU Size: 1,421 sq ft (132 sq m) Date of deal: 08/08/2019 Rent: £18,000 pa, three-year lease Lessor’s agent: Ellis & Partners Lessee: Stuart Stemple Studio 4th Floor, 180 St Vincent Street, Glasgow G2 5SG Size: 5,834 sq ft (542 sq m) Date of deal: 01/07/2019 Rent: £134,182 pa, 10-year lease, five-year break Lessor: NW3 Victoria Lessor’s agents: JLL and Ryden Lessee: Turner & Townsend UK  Lessee’s agent: Lambert Smith Hampton Magellan House, Armouries Way, Leeds Dock, Leeds LS10 1JE Size: 4,463 sq ft (415 sq m) Date of deal: 15/09/2019 Rent: £93,723 pa, 10-year lease Lessor: Allied London One Lessor’s agent: WSB Property Consultants Lessee: Hatch Communications Unit 1B Paradise Industrial Estate, Amerside House, Wood Lane, Hemel Hempstead HP2 4TP Size: 1,856 sq ft (172 sq m) Date of deal: 01/04/2019 Rent: £29,000 pa, five-year lease Lessor’s agent: Aitchison Raffety Lessee: Workplace Fabric Unit 4B, Waterloo Farm Court Yard, Stotfold Road, Arlesey SG15 6XP Size: 850 sq ft (79 sq m) Date of deal: 23/07/2019 Rent: £11,750 pa, five-year lease, rent review at third year Lessors: Holiday Direction and Dash Studios Lessor’s agent: Fisher German RETAIL 1 Stainbeck Lane, Leeds LS7 3PJ Size: 16,361 sq ft (1,520 sq m) Date of deal: 01/10/2019 Price: £5.5m, 5.5% NIY Vendor: CBRE Global Investors Vendor’s agent: Jackson Criss Purchaser: Alterity Investments Lessee: Co-op Food store 12-15a Kings Road, Brighton BN1 1NE Size: 2,021 sq ft (188 sq m) Date of deal: 18/10/2019 Rent: £40,000 pa, two-year lease Lessor’s agent: Flude Commercial Lessee: Inventive Productions 163 Nantwich Road, Crewe CW2 6DF Size: 739 sq ft (68 sq m) Date of deal: 25/10/2019 Price: £102,500 Vendor’s agent: Legat Owen Purchaser: Wistonia Electrical 7 High Street, Wolverhampton WV11 1SP Size: 613 sq ft (56.95 sq m) Date of deal: 09/08/2019 Rent: £7,000 pa, three-year lease, break at year two Lessor: Broman Investments Lessor’s agent: Towler Shaw Roberts Lessee: Jays Health & Fitness UK To submit your deals, please e-mail deals@egi.co.uk