EG’s Most Active Agent competition winner
MERSEYSIDE
1. CBRE
2. Hitchcock Wright & Partners
3. B8 Real Estate
4. Mason Owen
5. Keppie Massie
Dealmaker: Andrew Byrne – CBRE
“Merseyside has performed well over the past 24 months; with the indigenous market going from strength to strength across all sectors and a number of occupiers new to the city choosing Liverpool as a destination for set functions within their business. This is a testament to the city’s offering in terms of accommodation, access to talent, culture and lifestyle.
However, there are signs that unless development occurs in the short-to-medium term the market will stagnate. Therefore, akin to Manchester some 10 years ago, we need to not only create new workspace but the right offering which will appeal to all sectors now and in the future. Key developments to address this include Liverpool Waters, Paddington Village and Pall Mall which, while offering very different opportunities, can give businesses everything which modern-day employees want and need in terms of amenity for before, during and after work. I feel there are exciting times ahead in the Merseyside market.”
INDUSTRIAL
Clyde Gateway East, London Road, Glasgow G40 1BN
■ Size: 72,511 sq ft (6,736 sq m)
■ Date of deal: 13/06/2018
■ Price: £10,650,000, 6.1% yield
■ Vendor: MPEC (Glasgow)
■ Vendor’s agent: CBRE
■ Purchaser: Aberdeen Standard Investments
■ Purchaser’s agent: Ryden
Unit 35, Mildenhall Industrial Estate, Hampstead Avenue, Bury St Edmunds IP28 7AS
■ Size: 959 sq ft (89 sq m)
■ Date of deal: 16/04/2018
■ Rent: £7,000 pa, five-year lease, two months rent free
■ Lessor’s agent: Hazells Chartered Surveyors
■ Lessee: Frontline Bathrooms
Unit 4, Foxcombe Units, Abingdon Business Park, Wyndyke Furlong, Abingdon OX14 1DZ
■ Size: 13,582 sq ft (1,262 sq m)
■ Date of deal: 01/06/2018
■ Rent: £150,000 pa, 10-year lease, break and review at year five
■ Lessor: Rockspring UK Value 2
■ Lessor’s agents: Lambert Smith Hampton and VSL & Partners
■ Lessee: KPF Total IT Solutions
Unit 7, Riverside Park Industrial Estate, Sheaf Gardens, Sheffield S2 4BB
■ Size: 1,805 sq ft (168 sq m)
■ Date of deal: 15/05/2016
■ Rent: £7,500 pa, five-year lease, five months rent free
■ Lessor: Bio Group
■ Lessor’s agent: Commercial Property Partners
■ Lessee: Home Services Assistance
OFFICE
1st Floor, 2 Cwrt-y-Parc, Cardiff Business Park, Llanishen, Cardiff CF14 5GH
■ Size: 536 sq ft (50 sq m)
■ Date of deal: 15/04/2018
■ Rent: £6,500 pa, 3-year lease, 2 months rent free
■ Lessor’s agent: Savills
■ Lessee: Station Road Marketing
1st Floor, Oakhurst House, 77 Mount Ephraim, Tunbridge Wells TN4 8BS
■ Size: 2,100 sq ft (195 sq m)
■ Date of deal: 01/06/2018
■ Rent: £54,600 pa, 10-year lease, three months rent free, break and rent review at year five
■ Lessor’s agent: Broadlands Commercial Property Agents
■ Lessee: mpro5
3 Warwick Court, Saxon Business Park, Hanbury Road, Stoke Prior, Bromsgrove B60 4AD
■ Size: 2,965 sq ft (275 sq m)
■ Date of deal: 04/06/2018
■ Price: £295,000
■ Vendor’s agent: GJS Dillon
■ Purchaser: Voima UK
Ralph Allen House, Railway Place, Bath BA1 1UP
■ Size: 2,081 sq ft (193 sq m)
■ Date of deal: 01/05/2018
■ Rent: £33,000 pa, 10-year lease, break and review at year five, three months rent free
■ Lessor’s agent: Carter Jonas
■ Lessee: Regency Offices
Suite 1, Riverside Centre, Frankland Lane, Durham DH1 5TA
■ Size: 826 sq ft (77 sq m)
■ Date of deal: 01/06/2018
■ Rent: £9,000 pa, three-year lease, three months rent free
■ Lessor: Durham Group Estates
■ Lessor’s agent: Ashley Smith Chartered Surveyors
■ Lessee: Urban Base
RETAIL
15 Moss Lane, Timperley WA15 6TA
■ Size: 1,100 sq ft (102 sq m)
■ Date of deal: 15/05/2018
■ Rent: £16,500 pa, 10-year lease, review after year five, three months rent free
■ Lessor’s agent: Regional Property Solutions
■ Lessor: Petros Developments
■ Lessee: Funky Rouge
2 Pier Street, Ventnor PO38 1ST
■ Size: 583 sq ft (54 sq m)
■ Date of deal: 05/06/2018
■ Rent: £6,000 pa, five-year lease, six weeks rent free, break at year one
■ Lessor’s agent: Hose Rhodes Dickson Commercial
■ Lessee: PULSE Restaurant
40-46 Donegall Place, Belfast BT1 5BB
■ Size: 67,000 sq ft (6,224 sq m)
■ Date of deal: 15/06/2018
■ Price: £16,400,000, 7.05% yield
■ Purchaser’s agent: Lisney
■ Purchaser: Corum Asset Management
42-44 High Street, Dunblane FK15 0AY
■ Size: 959 sq ft (89 sq m)
■ Date of deal: 11/06/2018
■ Rent: £14,000 pa, 10-year lease
■ Lessor: North Berwick Properties
■ Lessor’s agent: Eric Young & Co
■ Lessee: Creative Design Scotland
5 Regent Street, Mansfield NG18 1ST
■ Size: 913 sq ft (85 sq m)
■ Date of deal: 15/05/2018
■ Rent: £14,000 pa, five-year lease, one month rent free
■ Lessor’s agent: FHP Property Consultants
■ Lessor: Labrix
■ Lessee: Xtreme Vapes
638 Finchley Road, London NW11 7RR
■ Size: 1,361 sq ft (126 sq m)
■ Date of deal: 12/06/2018
■ Rent: £30,000 pa, 15-year lease, four months rent free, five-yearly review
■ Lessor’s agents: DMA Property and Ian Scott International
■ Lessee: Nisa
Unit 56, Quarry Rigg Shopping Centre, Windermere LA23 3DT
■ Size: 958 sq ft (89 sq m)
■ Date of deal: 03/04/2018
■ Rent: £12,000 pa, five-year lease, tenant-only break after year three, two-and-a-half months rent free
■ Lessor: Arlington Developments
■ Lessor’s agent: Edwin Thompson & Company
■ Lessee: Daisy Chain Studios
To submit your deals please e-mail deals@egi.co.uk or tweet @egdeals
