INDUSTRIAL
Forsyth Home Farm, Loseley Park, Guildford GU3 1HS
- Size: 8,133 sq ft (756 sq m)
- Date of deal: 04/05/2018
- Rent: £120,000 pa, 10-year lease, three months rent-free, review at year five
- Lessor’s agents: Claud Waterer and Kingstons
- Lessee: Precon Products
Unit 18, Link Business Centre, Malvern Link WR14 1UQ
- Size: 1,725 sq ft (160 sq m)
- Date of deal: 01/05/2018
- Rent: £10,250 pa, three-year lease
- Lessor’s agent: John Goodwin
- Lessor: Dormar Executive Pension Scheme
- Lessee: Amity
Unit 2 Nelsons Court, Pontefract Street, Derby DE24 8JD
- Size: 8,250 sq ft (766 sq m)
- Date of deal: 11/05/2018
- Rent: £37,500 pa, three-year lease, discounted rent in first year
- Lessor’s agents: BB&J & Innes England
- Lessee: Dellner
Unit 385, Centennial Park, Centennial Avenue, Borehamwood WD6 3SP
- Size: 4,844 sq ft (450 sq m)
- Date of deal: 14/05/2018
- Rent: £77,500 pa, 10-year lease, five-year tenant break, five-year review
- Lessor: Local Authorities’ Mutual Investment Trust
- Lessor’s agent: Smiddy & Co
- Lessee: Lumenis UK
Units 1-3, Pitmedden Industrial Estate, Kirkton Avenue, Dyce AB21 0BF
- Size: 23,831 sq ft (2,214 sq m)
- Date of deal: 04/05/2018
- Rent: £70,000 pa, 10-year lease, five-year break and five-year rent review, six months rent-free
- Lessor: Aberdeen City Council
- Lessor’s agent: Shepherd Commercial
- Lessee: Access Platforms Aberdeen
Unit 22 Wharncliffe Business Park, Barnsley S71 3AH
- Size: 4,000 sq ft (372 sq m)
- Date of deal: 01/05/2018
- Price: £268,000
- Vendor: Direct Estates
- Vendor’s agent: Chris Rowlands & Co
- Purchaser: VW Storm Vans
Viking House, Oxney Road, Peterborough PE1 5YW
- Size: 23,000 sq ft (2,137 sq m)
- Date of deal: 14/05/2018
- Price: £1,275,000
- Vendor’s agent: Barker Storey Matthews
- Purchaser: Watling JCB
Unit 1a Tarporley Buffer Depot, Rode Street, Tarporley CW6 0EF
- Size: 19,150 sq ft (1,779 sq m)
- Date of deal: 18/05/2018
- Rent: £48,000 pa, six-year lease, three-year break and review
- Lessor’s agent: Legat Owen
- Lessor: Blok UK
- Lessee: The Furniture Market
OFFICES
25 Circus Mews, Bath BA1 2PW
- Size: 895 sq ft (83 sq m)
- Date of deal: 01/04/2018
- Rent: £20,000 pa, nine-year lease, three-yearly breaks and reviews
- Lessor’s agent: Derek Walk Chartered Surveyors
- Lessee: Event Exchange
Gilbridge House, High Street West, Sunderland SR1 3HJ
- Size: 36,993 sq ft (3,437 sq m)
- Date of deal: 11/05/2018
- Price: £2.6m
- Vendor: FI Real Estate
- Vendor’s agent: BNP Paribas Real Estate
- Purchaser: Hays Travel
- Purchaser’s agent: Lofthouse And Partners
Lower Ground and Ground, 1 The Downs, Altrincham WA14 2QD
- Size: 2,600 sq ft (242 sq m)
- Date of deal: 22/05/2018
- Rent: £40,000 pa, 10-year lease, five-year break, three months rent-free
- Lessor’s agent: Regional Property Solutions
- Lessor: TELL Holdings
- Lessee: Price Slater Gawne
Suites 32 & 33, Linford Forum, Rockingham Drive, Milton Keynes MK14 6LY
- Size: 1,733 sq ft (161 sq m)
- Date of deal: 06/04/2018
- Rent: £23,170 pa, five-year lease, five months rent-free
- Lessor: Parks Trust
- Lessor’s agent: Bidwells
- Lessee: Hexstone
Unit 1 Rowleys Park Shotton CH5 1QJ
- Size: 525 sq ft (49 sq m)
- Date of deal: 21/03/2018
- Rent: £6,000 pa, three-year lease, one month rent-free
- Lessor: Bevris Support
- Lessor’s agent: Legat Owen
- Lessee: Direct Line Communications
RETAIL
128 Above Bar Street, Southampton SO14 7DU
- Size: 1,856 sq ft (172 sq m)
- Date of deal: 29/03/2018
- Rent: £29,000 pa, 10-year lease, three months rent-free, two and five-year breaks, five-year review
- Lessor’s agent: Osmond Brookes
- Lessee: Associates Hair
Unit 27/28, Eastgate Centre, Inverness IV2 3PP
- Size: 4,233 sq ft (393 sq m)
- Date of deal: 16/05/2018
- Rent: £134,000 pa, 10-year lease
- Lessor: Scoop Asset Management
- Lessor’s agent: Eric Young & Co and Savills
- Lessee: Royal Bank of Scotland
Unit 3 Three Horseshoes Mall, Warminster BA12 9AY
- Size: 1,136 sq ft (111 sq m)
- Date of deal: 01/05/2018
- Rent: £38,000 pa, 10-year lease, four months rent-free, five-yearly reviews, break at year five
- Lessor: New River
- Lessor’s agent: Jackson Criss
- Lessee: Cardzone
- Lessee’s agent: FHP Property Consultants
EG’s Most Active Agent competition winners
SUFFOLK
1. Penn Commercial
2. Fenn Wright
3. Barker Storey Matthews
=4. Beane Wass & Box
=4. Savills
Dealmaker: Paul Keen, Penn Commercial
“Our team at Penn works extremely hard to source instructions and make deals happen in Ipswich and the surrounding area. Activity across all sectors remains steady, with lack of stock pushing up rental values for industrial and warehousing. The office market remains a challenge, but headline rents have improved to £18 per sq ft for new grade-A space. Enquiries remain strong for investments, with two large deals for multi-let industrial/offices. There is a pent up demand for large warehousing over 100,000 sq ft and automated fulfilment facilities together with logistics hubs close to the Port of Felixstowe. On the whole, the market has proved resilient to the uncertainty of Brexit, with companies still having the confidence to expand and relocate.”
To submit your deals, please e-mail deals@egi.co.uk or tweet @egdeals
INDUSTRIAL
Forsyth Home Farm, Loseley Park, Guildford GU3 1HS
Size: 8,133 sq ft (756 sq m)
Date of deal: 04/05/2018
Rent: £120,000 pa, 10-year lease, three months rent-free, review at year five
Lessor’s agents: Claud Waterer and Kingstons
Lessee: Precon Products
Unit 18, Link Business Centre, Malvern Link WR14 1UQ
Size: 1,725 sq ft (160 sq m)
Date of deal: 01/05/2018
Rent: £10,250 pa, three-year lease
Lessor’s agent: John Goodwin
Lessor: Dormar Executive Pension Scheme
Lessee: Amity
Unit 2 Nelsons Court, Pontefract Street, Derby DE24 8JD
Size: 8,250 sq ft (766 sq m)
Date of deal: 11/05/2018
Rent: £37,500 pa, three-year lease, discounted rent in first year
Lessor’s agents: BB&J & Innes England
Lessee: Dellner
Unit 385, Centennial Park, Centennial Avenue, Borehamwood WD6 3SP
Size: 4,844 sq ft (450 sq m)
Date of deal: 14/05/2018
Rent: £77,500 pa, 10-year lease, five-year tenant break, five-year review
Lessor: Local Authorities’ Mutual Investment Trust
Lessor’s agent: Smiddy & Co
Lessee: Lumenis UK
Units 1-3, Pitmedden Industrial Estate, Kirkton Avenue, Dyce AB21 0BF
Size: 23,831 sq ft (2,214 sq m)
Date of deal: 04/05/2018
Rent: £70,000 pa, 10-year lease, five-year break and five-year rent review, six months rent-free
Lessor: Aberdeen City Council
Lessor’s agent: Shepherd Commercial
Lessee: Access Platforms Aberdeen
Unit 22 Wharncliffe Business Park, Barnsley S71 3AH
Size: 4,000 sq ft (372 sq m)
Date of deal: 01/05/2018
Price: £268,000
Vendor: Direct Estates
Vendor’s agent: Chris Rowlands & Co
Purchaser: VW Storm Vans
Viking House, Oxney Road, Peterborough PE1 5YW
Size: 23,000 sq ft (2,137 sq m)
Date of deal: 14/05/2018
Price: £1,275,000
Vendor’s agent: Barker Storey Matthews
Purchaser: Watling JCB
Unit 1a Tarporley Buffer Depot, Rode Street, Tarporley CW6 0EF
Size: 19,150 sq ft (1,779 sq m)
Date of deal: 18/05/2018
Rent: £48,000 pa, six-year lease, three-year break and review
Lessor’s agent: Legat Owen
Lessor: Blok UK
Lessee: The Furniture Market
OFFICES
25 Circus Mews, Bath BA1 2PW
Size: 895 sq ft (83 sq m)
Date of deal: 01/04/2018
Rent: £20,000 pa, nine-year lease, three-yearly breaks and reviews
Lessor’s agent: Derek Walk Chartered Surveyors
Lessee: Event Exchange
Gilbridge House, High Street West, Sunderland SR1 3HJ
Size: 36,993 sq ft (3,437 sq m)
Date of deal: 11/05/2018
Price: £2.6m
Vendor: FI Real Estate
Vendor’s agent: BNP Paribas Real Estate
Purchaser: Hays Travel
Purchaser’s agent: Lofthouse And Partners
Lower Ground and Ground, 1 The Downs, Altrincham WA14 2QD
Size: 2,600 sq ft (242 sq m)
Date of deal: 22/05/2018
Rent: £40,000 pa, 10-year lease, five-year break, three months rent-free
Lessor’s agent: Regional Property Solutions
Lessor: TELL Holdings
Lessee: Price Slater Gawne
Suites 32 & 33, Linford Forum, Rockingham Drive, Milton Keynes MK14 6LY
Size: 1,733 sq ft (161 sq m)
Date of deal: 06/04/2018
Rent: £23,170 pa, five-year lease, five months rent-free
Lessor: Parks Trust
Lessor’s agent: Bidwells
Lessee: Hexstone
Unit 1 Rowleys Park Shotton CH5 1QJ
Size: 525 sq ft (49 sq m)
Date of deal: 21/03/2018
Rent: £6,000 pa, three-year lease, one month rent-free
Lessor: Bevris Support
Lessor’s agent: Legat Owen
Lessee: Direct Line Communications
RETAIL
128 Above Bar Street, Southampton SO14 7DU
Size: 1,856 sq ft (172 sq m)
Date of deal: 29/03/2018
Rent: £29,000 pa, 10-year lease, three months rent-free, two and five-year breaks, five-year review
Lessor’s agent: Osmond Brookes
Lessee: Associates Hair
Unit 27/28, Eastgate Centre, Inverness IV2 3PP
Size: 4,233 sq ft (393 sq m)
Date of deal: 16/05/2018
Rent: £134,000 pa, 10-year lease
Lessor: Scoop Asset Management
Lessor’s agent: Eric Young & Co and Savills
Lessee: Royal Bank of Scotland
Unit 3 Three Horseshoes Mall, Warminster BA12 9AY
Size: 1,136 sq ft (111 sq m)
Date of deal: 01/05/2018
Rent: £38,000 pa, 10-year lease, four months rent-free, five-yearly reviews, break at year five
Lessor: New River
Lessor’s agent: Jackson Criss
Lessee: Cardzone
Lessee’s agent: FHP Property Consultants
EG’s Most Active Agent competition winners
SUFFOLK
1. Penn Commercial
2. Fenn Wright
3. Barker Storey Matthews
=4. Beane Wass & Box
=4. Savills
Dealmaker: Paul Keen, Penn Commercial
“Our team at Penn works extremely hard to source instructions and make deals happen in Ipswich and the surrounding area. Activity across all sectors remains steady, with lack of stock pushing up rental values for industrial and warehousing. The office market remains a challenge, but headline rents have improved to £18 per sq ft for new grade-A space. Enquiries remain strong for investments, with two large deals for multi-let industrial/offices. There is a pent up demand for large warehousing over 100,000 sq ft and automated fulfilment facilities together with logistics hubs close to the Port of Felixstowe. On the whole, the market has proved resilient to the uncertainty of Brexit, with companies still having the confidence to expand and relocate.”
To submit your deals, please e-mail deals@egi.co.uk or tweet @egdeals
