National deals round-up

EG’s Most Active Agent competition winners

KENT

1. Watson Day

2. Caxtons

3. Harrisons

4. Cradick Retail

5. Core Commercial

Dealmaker: Kevin Dempster, Watson Day

“Over the past 36 months we have experienced strong take-up in Kent and south-east London. The level of demand relative to availability has led to a highly competitive marketplace, and we have seen a number of new speculative developments to satisfy demand.

“Rental values across the region for prime and secondary premises have increased by up to 100% (over the past five years in some areas), largely driven by a lack of stock. Competition for multi-let industrial investments has seen prices rise, with yields hardening to historically low levels, largely due to the substantial amount of money available to institutional funds.

“Historically high prices have also been paid for vacant-possession freehold industrial units in Sittingbourne and Rochester.

“Over the past 12 months Watson Day has transacted approximately 500,000 sq ft of commercial space, which is an increase of 25% on the previous 12 months.”

INDUSTRIAL

Unit 18, Altitude Business Park, The Drift, Nacton Park, Ipswich IP3 9QP

Size: 5,124 sq ft (476 sq m)
Date of deal: 12/11/2018
Rent: £16,600 pa, five-year lease, one month rent-free, rent review after year five
Lessor’s agent: Penn Commercial
Lessee: Amethyst Group
Lessor: CCLS Commercial Property Investments

Unit 4, Crackley Industrial Estate, Princes Drive, Kenilworth CV8 2FD

Size: 14,127 sq ft (1,312 sq m)
Date of deal: 10/12/2018
Price: £925,000, 7.72% yield
Vendor’s agent: Bromwich Hardy
Purchaser: IPM Personal Trustees

Unit 7, Greenlea Park, Princes Georges Road, Wimbledon SW19 2PU

Size: 6,577 sq ft (611 sq m)
Date of deal: 19/02/2019
Price: £850,000
Vendor’s agent: DMA
Purchaser’s agent: Andrew Scott Robertson
Purchaser: Belderboss Holdings SASS

Unit 8, Holland Park, Factory Road, Sandycroft, Deeside CH5 2QJ

Size: 2,500 sq ft (232 sq m)
Date of deal: 02/01/2019
Rent: £15,000 pa, five-year lease, break at year three, one month rent-free
Lessor’s agent: Legat Owen
Lessor: Hollingsworth Bros UK
Lessee: Acai Activewear

Unit 9a, Holmes Chapel Business Park, Manor Lane, Holmes Chapel CW4 8AF

Size: 6,817 sq ft (633 sq m)
Date of deal: 01/02/2019
Rent: £35,500 pa, five-year lease, three-year lease break, three-year rent review
Lessor’s agent: Legat Owen
Lessor: Booths Charities
Lessee: Scott Brothers

OFFICE

1st & 2nd Floor Birchwood Park, 301 Bridgewater Place, Warrington WA3 6XG

Size: 20,385 sq ft (1,894 sq m)
Date of deal: 30/12/2018
Rent: £448,470 pa, 10-year lease
Lessor’s agents: BE Group, CBRE and JLL
Lessor: Warrington Borough Council
Lessee: Countryside Properties

1st Floor, Gladstone House, Lawnswood Business Park, Leeds LS16 6QY

Size: 1,978 sq ft (184 sq m)
Date of deal: 15/12/2018
Rent: £34,615 pa, 11-year lease
Lessor: Hillview Real Estate
Lessor’s agents: JLL and WSB Property Consultants
Lessee: Handelsbanken

1st floor, Rose House, Bell Lane Office Village, Bell Lane, Amersham HP6 6FA

Size: 5,320 sq ft (494 sq m)
Date of deal: 15/12/2018
Rent: £122,360 pa, nine-year lease, three months rent-free, lease break after year three
Lessor’s agent: Brasier Freeth
Lessee: The Kids Food Company

AB1, Huntly Street, Aberdeen AB10 1SH

Size: 47,439 sq ft (4,407 sq m)
Date of deal: 22/01/2019
Rent: £13,495,000, 7.85% yield
Vendor: Aberdeen Standard Investments
Vendor’s agent: Ryden
Purchaser: Adapt Real Estate

3rd Floor, Doges, 62 Templeton Street, Glasgow G40 1DA

Size: 6,663 sq ft (619 sq m)
Date of deal: 15/02/2019
Rent: £66,700 pa, 10-year lease, five-year tenant break
Lessor: London & Scottish Investments
Lessor’s agents: Gerald Eve and Knight Frank
Lessee: Fore Digital

Ground floor, 17 Church Street, Rickmansworth WD3 1DE

Size: 1,583 sq ft (147 sq m)
Date of deal: 15/12/2018
Rent: £43,530 pa, 10-year lease, three months rent-free, break after year five
Lessor’s agent: Brasier Freeth
Lessee: Capital Professional Accountancy Services

RETAIL

104 Tankerton Road, Canterbury CT5 2AJ
Size: 1,005 sq ft (93 sq m)
Date of deal: 28/01/2019
Rent: £10,000 pa, 10-year lease, three months rent-free, break and rent review at year five
Lessor’s agent: Caxtons Chartered Surveyors
Lessee: Browns Flooring

108 Old Christchurch Road, Bournemouth BH1 1LU

Size: 1,172 sq ft (109 sq m)
Date of deal: 15/01/2019
Rent: £20,000 pa, four-year lease, break at year two
Lessor’s agent: Ellis & Partners
Lessee: RSS (Wessex)

Clifford House, 30 Longbridge Lane, Derby DE24 8UJ

Size: 2,984 sq ft (277 sq m)
Date of deal: 21/12/2018
Rent: £15,000 pa, five-year lease
Lessor’s agent: BB&J Commercial
Lessee: Avondale

Former Bank, Church Square, Inveraray PA32 8TY

Size: 855 sq ft (79 sq m)
Date of deal: 10/01/2019
Rent: £10,000 pa, 10-year lease, lease breaks after three and five years, six months rent-free
Lessor’s agent: DM Hall
Lessee: British Red Cross

Ground Floor, 21 Front Street, Acomb, York YO24 3BW