“2019 was a very busy year in Northamptonshire with a number of notable transactions. There was a decent amount of speculative development and more in the pipeline which should lead to good supply going forward for occupiers.”
INDUSTRIAL
76 Colbourne Avenue, Nelson Park Industrial Estate, Cramlington NE23 1WD
Size: 29,460 sq ft (2,737 sq m)
Date of deal: 15/03/2020
Price: £1,930,000, 7% net initial yield
Vendor: Addington Capital
Vendor’s agent: Commercial Property Partners
Purchaser: Coalfields Regeneration Trust
Purchaser’s agent: Avison Young Commercial Real Estate
Unit 14 Enterprise Estate, Station Road West, Ashvale GU12 5QJ
Size: 625 sq ft (58 sq m)
Date of deal: 24/01/2020
Rent: £9,250 pa, three-year lease
Lessor: Guildford Borough Council
Lessor’s agent: Curchod & Co
Lessee: Oxto
Warehouse, Mill Hill Street, Bolton BL2 2AB
Size: 51,381 sq ft (4,773 sq m)
Date of deal: 27/02/2020
Rent: £230,000 pa, 10-year lease, break at year five
Lessor’s agent: BC Real Estate
Lessee: Oliver Ashworth’s
OFFICE
1st Floor, 56 George Street, Edinburgh EH2 2LR
Size: 1,378 sq ft (128 sq m)
Date of deal: 21/02/2020
£31,000 pa, five-year lease, tenant only break at year three
EG’s Most Active Agent competition winner
NORTHAMPTONSHIRE
Prop-search.com
Drake Commercial
Budworth Hardcastle
TDB Real Estate
Lambert Smith Hampton
Dealmaker: Joe Smith, Drake Commercial
“2019 was a very busy year in Northamptonshire with a number of notable transactions. There was a decent amount of speculative development and more in the pipeline which should lead to good supply going forward for occupiers.”
INDUSTRIAL
76 Colbourne Avenue, Nelson Park Industrial Estate, Cramlington NE23 1WD
Size: 29,460 sq ft (2,737 sq m)
Date of deal: 15/03/2020
Price: £1,930,000, 7% net initial yield
Vendor: Addington Capital
Vendor’s agent: Commercial Property Partners
Purchaser: Coalfields Regeneration Trust
Purchaser’s agent: Avison Young Commercial Real Estate
Unit 14 Enterprise Estate, Station Road West, Ashvale GU12 5QJ
Size: 625 sq ft (58 sq m)
Date of deal: 24/01/2020
Rent: £9,250 pa, three-year lease
Lessor: Guildford Borough Council
Lessor’s agent: Curchod & Co
Lessee: Oxto
Warehouse, Mill Hill Street, Bolton BL2 2AB
Size: 51,381 sq ft (4,773 sq m)
Date of deal: 27/02/2020
Rent: £230,000 pa, 10-year lease, break at year five
Lessor’s agent: BC Real Estate
Lessee: Oliver Ashworth’s
OFFICE
1st Floor, 56 George Street, Edinburgh EH2 2LR
Size: 1,378 sq ft (128 sq m)
Date of deal: 21/02/2020
£31,000 pa, five-year lease, tenant only break at year three
Lessor: 56 George Street
Lessor’s agent: Shepherd Commercial
Lessee: Execspace
27 Maylands Avenue, Hemel Hempstead HP2 7DE
Size: 29,946 sq ft (2,782 sq m)
Date of deal: 01/04/2020
Price: £3,040,000
Vendor: Luton Borough Council
Vendor & Purchaser’s agent: Brasier Freeth
Purchaser: CAE Technology
Lower Ground, 10 Rutland Square, Edinburgh EH1 2AS (pictured)
Size: 1,601 sq ft (149 sq m)
Date of deal: 15/01/2020
Rent: £20,000 pa, five-year lease
Lessor: Cofip International Properties
Lessor’s agent: Cuthbert White
Lessee: Rutland Wellness
RETAIL
22 High Street, Chepstow NP16 5LJ
Size: 1,923 sq ft (179 sq m)
Date of deal: 01/03/2020
Rent: £22,000 pa, two-year lease, break at year two
Lessor’s agent: NP Linnells
Lessee: Card Factory
350 High Street, Berkhamsted HP4 1HT
Size: 2,441 sq ft (208 sq m)
Date of deal: 27/03/2020
Rent: £37,500 pa, 20-year lease, tenant break at year 10
Lessor’s agent: Aitchison Raffety
Lessee: Fred & Ginger
8 Church Street, Ripley DE5 3BU
Size: 708 sq ft (66 sq m)
Date of deal: 16/02/2020
Rent: £7,000 pa, five-year lease
Lessor’s agent: Innes England
Lessee: Tailor Made
To submit your deals, please e-mail deals@egi.co.uk
