National deals round-up

EG’s Most Active Agent competition winners Essex Fenn Wright Ayers & Cruiks Kemsley Whybrow Nicholas Percival Dealmaker – James Wright, Fenn Wright “The commercial property market across Essex continues to prove resilient, despite uncertainty over Brexit, owing to its close proximity to London, the international ports of Tilbury and Felixstowe and its strong road links. “Our main challenge is the volume of available stock, but we are working extremely hard to find opportunities and make deals happen. The lack of supply and strong demand has seen an increase in rents and a significant increase in prices being paid by owner-occupiers. “Our recent acquisitions of Newman Commercial and Taylor and Company have further established our position as a leading commercial agent in Essex.” OFFICE Imperial House, Imperial Way, Coedkernew NP10 8UH Size: 26,672 sq ft (2,487 sq m) Date of deal: 14/03/2019 Price: £4.66m, NIY 8%, rental income £400,080 pa Vendor: Urban Logistics REIT Vendor’s agent: Knight Frank Purchaser: South Somerset District Council Purchaser’s agent: M1 Agency 14 Langley Wharf, Railway Terrace, Kings Langley WD4 8JE Size: 1,033 sq ft (96 sq m) Date of deal: 15/03/2019 Rent: £18,500 pa, five-year lease Lessor’s agent: Brasier Freeth Lessee: Optima Management Ground floor, 1 Kirkstall Forge, Leeds LS5 3NF Size: 3,197 sq ft (297 sq m) Date of deal: 01/03/2019 Rent: £83,122 pa, 10-year lease Lessor: Commercial Estates Group Lessor’s agents: Fox Lloyd Jones and JLL Lessee: Mercedes-Benz Vans Suite 4, Chatsworth House, Prime Business Centre, Raynesway, Derby DE21 7SR Size: 1,115 sq ft (104 sq m) Date of deal: 16/04/2019 Rent: £12,000 pa, three-year lease, tenant-only break at year two Lessor’s agent: BB&J Commercial Lessee: Aspire UK The Studio, 1 Osborne Avenue, Jesmond, Newcastle upon Tyne NE2 2AD Size: 613 sq ft (57 sq m) Date of deal: 17/04/2019 Rent: £14,000 pa, five-year lease Lessor: Henson Property Company Lessor’s agent: Sanderson Weatherall Lessee: Veriphy INDUSTRIAL Units 12-13, Cromford Business Park, Cromford Street, Oldham OL1 4EA Size: 1,152 sq ft (107 sq m) Date of deal: 01/02/2019 Rent: £7,800 pa, four-year lease, tenant-only break at year two, two months rent free Lessor: Alpine Properties Lessor’s agent: Breakey & Nuttall Lessee: First Choice Nutrition Open Storage Yard, Marshall Road, Plymouth PL7 1YB Size: 39,050 sq ft (3,628 sq m) Date of deal: 29/03/2019 Rent: £18,000 pa, 10-year lease, break at year five, review at years four and eight Lessor’s agent: Bruton Knowles Lessee: EVG Landscapes Richmond House, Sproughton Road, Ipswich IP1 5AN Size: 1,031 sq ft ( 96 sq m) Date of deal: 01/02/2019 Rent: £5,155 pa, five-year lease, break at year three, three months rent-free period Lessor: THL (UK) Holdings Lessor’s agent: Penn Commercial Lessee: Jamie Cook Union Business Park, Florence Way, Uxbridge UB8 2LS Size: 71,428 sq ft (6,636 sq m) Date of deal: 23/04/2019 Rent: £892,850 pa, 15-year lease Lessor: DTZ Investment Management Lessor’s agent: Vail Williams Lessee: AVC Live 10 Cormorant Drive, Runcorn WA7 4UD Size: 4,200 sq ft (390 sq m) Date of deal: 26/03/2019 Price: £187,000 Vendor’s agent: BE Group Purchaser: TS Pumps Unit 12, Minley Farm, Minley Road, Blackwater, Camberley GU17 9LE Size: 1,520 sq ft (141 sq m) Date of deal: 04/02/2019 Rent: £7,200 pa, one-year licence Lessor’s agent: Hollis Hockley Lessee: Quick EPC Unit 5, Deans Industrial Estate, Nairn Road, Livingston EH54 8AY Size: 35,540 sq ft (3,302 sq m) Date of deal: 30/03/2019 Price: £750,000 Vendor’s agent: Ryden Purchaser: Lothian Buses Purchaser’s agent: Shepherd Commercial RETAIL 23 Newton Street, London WC2B 5EL Size: 747 sq ft (69 sq m) Date of deal: 29/03/2019 Rent: £27,500 pa, 10-year lease, break at fifth year Lessor: Essential Lessor’s agent: Aston Rose Lessee: Beauty Result Riverside, 1 Bond Street, Nuneaton CV11 4DA Size: 478 sq ft (44 sq m) Date of deal: 15/02/2019 Rent: £6,500 pa, 12-year lease, two months rent free, break and rent review at year three Lessor’s agent: Loveitts Lessee: The Denture Studio Unit 2, Wishaw Retail Park, Glasgow Road, Wishaw ML2 7QJ Size: 5,000 sq ft (465 sq m) Date of deal: 01/04/2019 Rent: £50,000 pa, 10-year lease Lessor: Sheet Anchor Investments Lessor’s agent: Eric Young & Co Lessee: Designer Homes Unit 43, The Centre, Livingston EH54 6NB Size: 10,000 sq ft (929 sq m) Date of deal: 01/04/2019 Rent: £95,000 pa, 10-year lease Lessor: Livingston Centre Lessor’s agents: Eric Young & Co and Savills Lessee: The British Heart Foundation