National deals round-up

EG’s Most Active Agent competition winners Lincolnshire Banks Long & Co Lambert Smith Hampton PPH Commercial Clark Weightman Longstaff Dealmaker: Duncan Willey, PPH Commercial “The commercial property market in the Lincolnshire area has shown encouraging signs of improvement over the past year, with increased transactional activity recorded throughout all sectors. “In particular, the industrial sector has performed very strongly and, as a result, occupation levels now exceed 95%. This has put huge pressure on existing stock levels, resulting in prices/rents rising and we are now starting to see speculative development take place, which had previously been very limited over the past decade. “The region benefits from its accessibility to the Humber Ports of Immingham and Grimsby, which are valuable attributes to employment in the region and the wider area.” INDUSTRIAL Land at Woodstock Business Park, Meek Street, Royton OL2 6HL Size: 0.85 acres (0.34 hectares) Date of deal: 20/02/2019 Price: £400,000 Vendor’s agent: Breakey & Nuttall Vendor: Sidcot Investment  Unit 5, Industrial Units, West Burrowfield, Welwyn Garden City AL7 4TW Size: 2,020 sq ft (205 sq m) Date of deal: 14/02/2019 Rent: £20,000 pa, 10-year lease Lessor’s agent: Brasier Freeth Lessee: Blitz Motor Factors Unit 6, Marley Road Industrial Estate, Canada Close, Banbury OX16 2RT Size: 7,078 sq ft (658 sq m) Date of deal: 14/01/2019 Rent: £54,750, five-year lease Lessor’s agent: White Commercial Lessee: One Man Band Unit 6, Parkway Business Centre, Sixth Avenue, Deeside CH5 2LE Size: 5,964 sq ft (554 sq m) Date of deal: 14/03/2019 Rent: £26,055 pa, 10-year lease, break and review at year five, three months rent-free Lessor’s agent: Legat Owen Lessor: M7 Real Estate Lessee: 7 Day Windows Unit A Deacon Road, Lincoln LN2 4JB Size: 20,716 sq ft (1,925 sq m) Date of deal: 26/03/2019 Rent: £57,500 pa (50% rental rate in year one), 15-year lease, five-year rent review Lessor’s agents: Banks Long & Co and Lambert Smith Hampton Lessee: Turnbull & Company  Wakefield 41 Industrial Estate, Telford Way, Wakefield WF2 0XW Size: 53,000 sq ft (4,924 sq m) Date of deal: 01/04/2019 Price: £4.2m, 6.3% NIY Vendor: Stapletons Tyre Services  Purchaser: Warehouse REIT OFFICE 1st Floor, 49-51 King Street, Knutsford WA16 6DX Size: 816 sq ft (76 sq m) Date of deal: 04/03/2019 Rent: £9,500 pa, five-year lease, two months rent-free Lessor’s agent: Fisher German Lessor: JB Trucking  Lessee: Reza Nassab  20 Collingwood Street, Newcastle Upon Tyne NE1 1JF Size: 17,050 sq ft (1/518 sq m) Date of deal: 01/04/2019 Price: £2,420,000, 10.62% NIY Vendor: Avenda Estates Purchaser: Private Individuals Purchaser’s agent: Bradley Hall Lessees: Perdu, Enhanced Care Group, Capital 4 Services and J&B INS Interserve Birch House, Bankhead Crossway South, Edinburgh EH11 4ER Size: 3,534 sq ft (328 sq m) Date of deal: 28/02/2019 Rent: £47,709 pa, 10-year lease, five-year lease break Lessor: Jarvie Plant Lessor’s agent: Lambert Smith Hampton Lessee: Enable Scotland Ground, The Depository, Upper Wood Street, Taunton TA1 1TZ Size: 1,120 sq ft (104 sq m) Date of deal: 04/03/2019 Rent: £9,000 pa, seven-year lease, break and review at year three Lessor’s agent: Greenslade Taylor Hunt Lessee: James White Personal Training  RETAIL 24 Calderwood Street, Woolwich SE18 6QW Size: 1,752 sq ft (163 sq m) Date of deal: 30/01/2019 Rent: £25,000 pa, 10-year lease, six months rent-free, upward-only review at year five Lessor’s agent: Cradick Retail Lessee: Himalayan Food and Catering  Braemar House, 265-267 Union Street, Aberdeen AB11 6BR Size: 2,826 sq ft (263 sq m) Date of deal: 15/01/2019 Price: £550,000 Vendor: Munro’s Travel  Vendor’s agent: Ryden Purchaser: Trailfinders Purchaser’s agent: Lewis Craig Unit 3, 146-158 Kensington High Street, London W8 6SU Size: 10,995 sq ft (1021 sq m) Date of deal: 27/03/2019 Rent: £397,500 pax, 15-year lease, upward-only rent review at years five and 10 Lessor’s agent: DMA Lessee: Decathlon Pavilion Retail Park, Lewes Road, Brighton BN2 3QA Size: 76,827 sq ft (7,137 sq m) Date of deal: 02/04/2019 Price: £32m, 5.5% yield Vendor’s agent: Avison Young Commercial Real Estate Vendor: Aviva Investors Global Services  Purchaser: CCLA Investment Management  9 Wallacetown Drive, Ayr KA8 9FH Size: 4,306 sq ft (400 sq m) Date of deal: 05/02/2019 Rent: £40,000 pa, 10-year lease,  five-year rent review, six months rent-free Lessor: Barochan Heathfield Lessor’s agent: Shepherd Commercial Lessee: Agga Holdings  To submit your deals, please e-mail deals@egi.co.uk