National deals round-up

Top contributors in the London City Core office market (lettings and occupational sales) 01/01/21 to 11/06/21

This table is based on deals contributed to EG Radius as of 11 June 2021. For even more up-to-date figures across all regions and sectors plus the latest deals, view the Radius On-Demand Rankings.

INDUSTRIAL

Unit 1, Broomiesburn Road, Ellon AB41 9RD

• Size: 7,815 sq ft (726 sq m)
• Date of deal: 17/05/2021
• Price: £625,000, 7.6% yield
• Vendor: Fulmor
• Vendor’s agent: Shepherd Commercial

Unit 2, Saturn Court, Orion Business Park, North Shields NE29 7BY

• Size: 5,010 sq ft (465 sq m)
• Date of deal: 04/06/2021
• Rent: £31,300 pa, six-year lease, three-year break, three months rent-free
• Lessor: Northumberland Estates
• Lessor’s agent: Naylors Gavin Black
• Lessee: Ingenious Events

Units 35-36, Stakehill Industrial Estate, Finlan Road, Middleton M24 2RW

• Size: 10,097 sq ft (938 sq m)
• Date of deal: 01/06/2021
• Rent: £65,630 pa, five-year lease
• Lessor: Canmoor
• Lessor’s agent: Avison Young
• Lessee: Hermes Parcelnet

OFFICE

Ground & First Floor, Enterprise House, Maxted Road, Hemel Hempstead HP2 7BT (pictured)

• Size: 1,472 sq ft (136 sq m)
• Date of deal: 07/06/2021
• Rent: £12,500 pa, five-year lease
• Lessor: Furnell Transport
• Lessor’s agent: Brasier Freeth
• Lessee: J&J Palmer Groundworks

4th Floor, 2 Cavendish Square, London W1G 9DL

• Size: 3,245 sq ft (301 sq m)
• Date of deal: 04/06/2021
• Rent: £287,183 pa, 10-year lease, rent review at year five
• Lessor: Howard de Walden Estate
• Lessor’s agents: GN2 and Gerald Eve
• Lessee: Asset Value Investors
• Lessee’s agent: DMA

25-27 Surrey Street, Norwich NR1 3NX

• Size: 1,270 sq ft (118 sq m)
• Date of deal: 18/05/2021
• Rent: £18,415 pa, lease for seven years and four months
• Lessor’s agent: Bidwells
• Lessee: Reed in Partnership

First Floor, Suite 1, Grove House, 1 Kilmartin Place, Tannochside Park, Uddingston G71 5PH

• Size: 4,009 sq ft (372 sq m)
• Date of deal: 10/05/2021
• Rent: £33,908 pa, five-year lease
• Lessor: Town Centre Securities
• Lessor’s agent: Avison Young Commercial Real Estate
• Lessee: Stein Electrical Solutions

RETAIL

136 Terminus Road, Eastbourne BN21 3AN

• Size: 1,501 sq ft (139 sq m)
• Date of deal: 30/04/2021
• Rent: £42,500 pa, 15-year lease, tenant-only 10-year lease break, nine months rent-free followed by 12 months half-rent
• Lessor: Bexley Heath Properties
• Lessor’s agent: Cradick Retail
• Lessee: Kokoro UK
• Lessee’s agent: Graham Tring Associates

29 Wardwick, Derby DE1 1HA

• Size: 307 sq ft (29 sq m)
• Date of deal: 10/05/2021
• Rent: £6,000 pa, six-year lease, rent review at year three
• Lessor’s agent: Salloway
• Lessee: BINYS The Barber Shop

474 Southchurch Road, Southend-on-Sea SS4 1DG

• Size: 441 sq ft (41 sq m)
• Date of deal: 07/05/2021
• Rent: £8,000 pa, five-year lease
• Lessor’s agent: Ayers & Cruiks
• Lessee: Artificial Flowers and Balloons Shop

LEISURE

27-29 Frogmore Street, Bristol BS1 5NA

• Size: 1,000 sq ft (93 sq m)
• Date of deal: 17/05/2021
• Rent: £85,000 pa, 20-year lease
• Lessor: Wellington Pub Company
• Lessor’s agent: JS Reakes
• Lessee: JW Bassett Pubs and Bars

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Photo © Brasier Freeth