The latest deals from around the country…
INDUSTRIAL
Unit A5, Railway Triangle, Walton Road, Portsmouth, Hampshire PO6 1TN (pictured)
- Size: 5,402 sq ft (501 sq m)
- Date of deal: 10/01/2022
- Rent: £56,721 pa, five-year lease
- Lessor: DTZ Investment Management
- Lessor’s agent: Lambert Smith Hampton
- Lessee: Zenobe
21 Tennant Avenue, East Kilbride, Glasgow G74 5NA
- Size: 2,024 sq ft (188 sq m)
- Date of deal: 05/01/2022
- Rent: £10,500 pa, five-year lease
- Lessor’s agent: GM Brown Property Consultants
- Lessee: Basus Home
3 Apex Business Centre, Boscombe Road, Dunstable LU5 4SB
- Size: 4,413 sq ft (410 sq m)
- Date of deal: 15/12/2021
- Rent: £32,500 pa, six-year lease
- Lessor’s agent: Stimpsons Consultant Surveyors
- Lessee: Superfine Tapes Company
Unit 10, Buckingway Business Park, Anderson Road, Swavesey CB24 4AE
- Size: 1,375 sq ft (128 sq m)
- Date of deal: 22/12/2021
- Rent: £15,000 pa, five-year lease
- Lessor: Betts Property Holdings
- Lessor’s agent: Cheffins
- Lessee: Abilia
Unit 2G, Marchwood Industrial Park, North Road, Marchwood SO40 4BL
- Size: 2,469 sq ft (229 sq m)
- Date of deal: 01/01/2022
- Rent: £19,135 pa, five-year lease
- Lessor: Associated British Ports
- Lessor’s agents: Hellier Langston and Lambert Smith Hampton
- Lessee: Laxton Stevens Services
Units 16 & 17, Kingsway Interchange, Team Valley, Gateshead NE11 0JY
- Size: 21,658 sq ft (2,012 sq m)
- Date of deal: 04/01/2022
- Rent: £125,000 pa, 20-year lease
- Lessor: UK Land Estates
- Lessor’s agent: Naylors Gavin Black
- Lessee: Heatseam
WB8, 4 Herald Way, Coventry, CV3 2NY
- Size: 4,150 sq ft (386 sq m)
- Date of deal: 03/12/2021
- Rent: £41,500 pa, 10-year lease
- Lessor: Purewal Properties
- Lessor’s agent: Colliers International
- Lessee: Screwfix Direct
OFFICE
Capital House, 2 Festival Square, Edinburgh EH3 9SU
- Size: 8,950 sq ft (831 sq m)
- Date of deal: 22/12/2021
- Rent: £250,600 pa, five-year lease
- Lessor: Bank of New York Mellon
- Lessor’s agents: JLL and CBRE
- Lessee: Unity Technologies
RETAIL
377 Brixton Road, London SW9 7DE
- Size: 1,431 sq ft (133 sq m)
- Date of deal: 07/01/2022
- Rent: Stepped from £65,000 to £69,000 pa, 10-year lease, rent review at year five
- Lessor’s agent: DMA
- Lessee: Azmarino Coffee
52 Market Street, Crewe CW1 2EL
- Size: 1,882 sq ft (195 sq m)
- Date of deal: 11/01/2022
- Rent: £20,000 pa, five-year lease, break in year three
- Lessor: Purlieu Properties
- Lessor’s agent: Legat Owen
- Lessee: Crewe VE
Hodges Chambers, 19 Crane Street, Pontypool NP4 6LY
- Size: 3,248 sq ft (318 sq m)
- Date of deal: 01/12/2021
- Price: £185,000, 10.74% net initial yield
- Vendor’s agent: NP Linnells
- Purchaser: Isca Property Group
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