National deals round-up

EG’s Most Active Agent competition winners KENT Watson Day Chartered Surveyors Caxtons Chartered Surveyors Sibley Pares Harrisons Chartered Surveyors Cradick Retail Dealmaker: Kevin Dempster, Watson Day “Over the past 12 months Watson Day has continued to experience strong take-up in Kent and south-east London. The uncertainty surrounding Brexit, however, led to some prospective occupiers pausing their activity in the final quarter of 2019. “We are pleased to report, following the clear election result and clarity with the Brexit transition period coming into force at the end of January 2020, confidence is now returning, and we have seen an uplift in market activity. Freehold buyers recognise that industrial units represent excellent returns when compared with modest interest rates on deposit accounts. Rental values across the region for prime and secondary industrial premises have continued to impress, largely driven by a continued lack of traditional stock. “We have also been involved in a number of significant office transactions during the course of the past year.” INDUSTRIAL Colossus 1 & 2, Brittain Way, Eurocentral, Motherwell ML1 4XJ Size: 189,691 sq ft (17,623 sq m) Date of deal: 01/12/2019 Price: £16.1m, 5.95% yield Vendor: Kennedy Wilson Vendor’s agent: Savills Purchaser: Mileway Investments Purchaser’s agent: Lambert Smith Hampton Dobshill Garage, Chester Road, Deeside CH5 3LZ Size: 16,070 sq ft (1,493 sq m) Date of deal: 14/02/2020 Rent: £150,000 pa, 10-year lease, review at year five Lessor: E Stewart Jones (Dobshill Garage) Lessor’s agent: Legat Owen Lessee: The Kay Group Unit 1, Acorn Business Park, Otley Road, Shipley BD17 7SW Size: 4,255 sq ft (395 sq m) Date of deal: 11/02/2019 Rent: £29,785 pa, 10-year lease Lessor: Harpenden Holdings Lessor’s agent: Brackenridge Hanson Tate Lessee: Coldbath Flooring Unit 2, Furrowland Complex, Newton on Trent LN1 2ZB Size: 2,234 sq ft (208 sq m) Date of deal: 12/02/2020 Rent: £9,500 pa, two-year lease Lessor’s agent: Banks Long & Co Lessee: Toby Bunting Catering Unit 2, Longden Road Industrial Estate, Mercian Close, Shrewsbury SY3 9EA Size: 1,250 sq ft (116 sq m) Date of deal: 17/12/2019 Rent: £7,000 pa, six-year lease Lessor’s agent: Andrew Dixon & Co Lessee: Arrling Unit 26, Telegraph Hill Indusrial Estate, Minster CT12 4HY Size: 3,857 sq ft (358 sq m) Date of deal: 20/12/2019 Rent: £26,000 pa, three-year lease, three months rent free Lessor: Petchey Properties Lessor’s agent: Caxtons Chartered Surveyors Lessee: Horsley Joinery Unit 8, Capenhurst Technology Park, Capenhurst Lane, Chester CH1 6ES Size: 8,562 sq ft (795 sq m) Date of deal: 04/02/2020 Rent: £39,500 pa, 10-year lease, break and review at year five, 14 weeks rent free Lessor: Urenco UK Lessor’s agent: Legat Owen Lessee: Vision Support Trading Unit F2/J, Logistics North, Lomax Way, Bolton BL5 1FQ Size: 24,636 sq ft (2,288 sq m) Date of deal: 03/02/2020 Rent: £184,770 pa, 10-year lease Lessor: Harworth Lessor’s agents: B8 Real Estate, JLL and Knight Frank Lessee: The Incontinence Shop LAND Land at Salden Farm, Little Horwood MK17 0PN Size: 55 acres (22 hectares) Date of deal: 01/11/2019 Price: £1.35m Vendor: LaSalle Land Partnership Vendor’s agent: Bray Fox Smith Purchaser: Barwood Land OFFICE 33 New Road, Brighton BN1 4GG Size: 3,050 sq ft (283 sq m) Date of deal: 29/11/2019 Rent: £76,250 pa, eight-year lease, tenant-only break and rent review at year four, 11 weeks rent free Lessor: Matsim Properties Lessor’s agent: Flude Commercial Lessee: Pridnad 3-4 The Embankment, Sovereign Street, Leeds LS1 4BA Size: 71,713 sq ft (6,662 sq m) Date of deal: 19/02/2020 Price: £20.5m, 7.23% NIY Vendors: XLB and Harbert Purchaser: UK Regional Office Partnership Purchaser’s agent: Savills Ground Floor, 12 St Catherine Street, Cupar KY15 4HH Size: 1,408 sq ft (131 sq m) Date of deal: 19/12/2019 Rent: £14,500 pa, seven-year lease, rent review at year three, two months rent free Lessor: Shine Properties Lessor’s agent: Falconer Property Consultants Lessee: St Andrews Management Centre RETAIL 193 George Street, Aberdeen AB25 1HX Size: 797 sq ft (74 sq m) Date of deal: 20/12/2019 Rent: £10,000 pa, three-year lease Lessor: Aberdeen Picture Palaces Lessor’s agent: FG Burnett Lessee: PK & PU 325 London Road, Hadleigh SS7 2BT Size: 608 sq ft (56 sq m) Date of deal: 04/11/2019 Rent: £12,500 pa, five-year lease, break at year three, three months rent free Lessor’s agent: Ayers & Cruiks Lessee: Home Local 8-10 Upper Marlborough Road, St Albans AL1 3UR Size: 882 sq ft (82 sq m) Date of deal: 24/12/2019 Rent: £26,400 pa, five-year lease, break at year three Lessor: IPL Lessor’s agent: Aitchison Raffety Lessee: Pharmathen 85 Queen Street, Exeter EX4 3RP Size: 3,300 sq ft (306,58 sq m) Date of deal: 19/12/2019 Rent: £32,976 pa, 10-year lease, break at year five Lessor: Colin Hardy & Co Lessor’s agent: Stratton Creber Commercial Lessee: Exeter Phoenix To submit your deals, please e-mail deals@egi.co.uk