The pick of the deals from around the country this week
EG’s Most Active Agent competition winners
Oxfordshire
1. VSL & Partners
2. Carter Jonas
3. Lambert Smith Hampton
4. Benedicts
=5. Savills
=5. White Commercial
Dealmaker: Duncan May, VSL & Partners
We are delighted to have won both Most Active Agent and Most Active Dealmaker awards for Oxfordshire – both very much a team effort.
VSL & Partners have won these awards nine times in the last 10 years, showing our continued strength and detailed knowledge of the Oxfordshire market.
Oxfordshire experienced record levels of transactions in both the office and industrial market last year, totalling over 1.6m sq ft – the highest level for over 10 years.
This year has seen a slowdown in take-up, but we still expect levels to exceed the five-year average. Despite the slowdown, we have seen rental growth across the county, particularly in Oxford city centre, where we have recently achieved £32.50 per sq ft.
INDUSTRIAL
Unit 12a/12b Deeside Enterprise Zone, Kings Court, Prince William Avenue, Sandycroft CH5 2QZ
■ Size: 18,000 sq ft (1,672 sq m)
■ Date of deal: 01/08/2018
■ Rent: £99,500 pa, 10-year lease, break at year three and review and year five
■ Lessor: Hollingsworth Bros UK Limited
■ Lessor’s agent: Legat Owen
■ Lessee: Walters Houghton Limited
Unit 17, Silver Birches Business Park, Bromsgrove B60 3EU
■ Size: 1,489 sq ft (138 sq m)
■ Date of deal: 08/08/2018
■ Rent: £9,900 pa, three-year lease, two months rent-free, break at 18 months
■ Lessor’s agent: Fisher German
■ Lessor: Atkins Properties Limited
■ Lessee: Gill Pharma Limited
Unit 2b, Horspath Industrial Estate, Pony Road, Oxford OX4 2RD
■ Size: 5,884 sq ft (547 sq m)
■ Date of deal: 09/08/2018
■ Rent: £57,000 pa, five-year lease, five months rent-free
■ Lessor’s agent: VSL & Partners
■ Lessee: Howdens Joinery
Unit 7 Cardrew Trade Park, Cardrew Way, Redruth TR15 1SW
■ Size: 994 sq ft (92 sq m)
■ Date of deal: 01/07/2018
■ Rent: £7,200 pa, six-year lease, break at year three
■ Lessor’s agent: Redgrave Commercial
■ Lessee: Kernow Camper Conversions Limited
Unit B Hilton Point, Cromer Industrial Estate, Middleton M24 2HZ
■ Size: 15,000 sq ft (1,394 sq m)
■ Date of deal: 21/08/2018
■ Rent: £82,500 pa, five-year lease, break at year three
■ Lessor’s agent: Barton Kendal
■ Lessor’s agent: BC Real Estate
■ Lessor: Maqio Limited
■ Lessee: T&A Upholstery
OFFICE
1st Floor, Podium Business Centre, Mold CH7 1NH
■ Size: 1,182 sq ft (110 sq m)
■ Date of deal: 03/08/2018
■ Rent: £6,500 pa, five-year lease, break at year three, two months rent-free
■ Lessor: LCP Real Estate
■ Lessor’s agent: Wild Commercial Property
■ Lessee: Courtia Joinery Limited
2nd Floor, 26 Howe Street, Edinburgh EH3 6TG
■ Size: 829 sq ft (77 sq m)
■ Date of deal: 09/08/2018
■ Rent: £13,000 pa, three-year lease, three months rent-free
■ Lessor: Wemyss Properties
■ Lessor’s agent: Shepherd Commercial
■ Lessee: Eat Super Limited
2nd Floor, 45 Hanover Street, Edinburgh EH2 2PJ
■ Size: 2,110 sq ft (196 sq m)
■ Date of deal: 03/08/2018
■ Rent: £29,540 pa, five-year lease, three months rent-free
■ Lessor: Castle Crown Properties limited
■ Lessor’s agent: Ryden & Shepherd Commercial
■ Lessee: Lycett Browne Swinburne & Douglass
3rd Floor, Westfield House, Charter Row, Sheffield S1 3FZ
■ Size: 5,400 sq ft (502 sq m)
■ Date of deal: 01/09/2018
■ Rent: £72,900 pa, 10-year lease, break and rent review at year five
■ Lessor: Westfield Health
■ Lessor’s agents: Knight Frank and Mark Jenkinson & Son
■ Lessee: Begbies Traynor
RETAIL
107 York Road, Hartlepool TS26 9DH
■ Size: 2,550 sq ft (237 sq m)
■ Date of deal: 15/07/2018
■ Rent: £18,000 pa, 10-year lease
■ Lessor: 1st Leisure Limited
■ Lessor’s agent: Greig Cavey Commercial
■ Lessee: Well Pharmacy
20 Market Place, Reading RG1 2EG
■ Size: 681 sq ft (63 sq m)
■ Date of deal: 16/07/2018
■ Rent: £32,000 pa, 10-year lease
■ Lessor’s agent: Hicks Baker
■ Lessor: Newbury Homes Limited
■ Lessee: Mummum Viet Foods
25 Albert Street, Derby DE1 2DS
■ Size: 1,573 sq ft (144 sq m)
■ Date of deal: 10/07/2018
■ Rent: £20,000 pa, five-year lease, three months rent-free
■ Lessor’s agent: FHP Property Consultants
■ Lessor: Threadneedle Property Unit Trust
■ Lessee: All About Chips
27-28 Buttermarket, Bury St Edmunds IP33 1DW
■ Size: 8,948 sq ft (831 sq m)
■ Date of deal: 01/08/2018
■ Price: £1,850,000, 8.9% yield
■ Vendor: M&G Real Estate
■ Vendor’s agent: Fawcett Mead
49 Camden Passage, London N1 8EA
■ Size: 434 sq ft (40 sq m)
■ Date of deal: 29/08/2018
■ Rent: £32,000 pa, five-year lease, three months rent-free
■ Lessor’s agents: DMA Property & Kearney Bell
■ Lessee: Sir Plus
63-65 Above Bar Street, Southampton SO14 7DZ
■ Size: 7,600 sq ft (706 sq m)
■ Date of deal: 29/08/2018
■ Price: £4,015,000, 6.1% yield
■ Vendor’s agent: Hartnell Taylor Cook LLP
■ Purchaser’s agent: Cushman & Wakefield
■ Purchaser: Cordatus Property Trust
■ Lessee: Bank of Scotland
72-78 Causewayside, Edinburgh EH9 1PY
■ Size: 3,925 sq ft (365 sq m)
■ Date of deal: 13/08/2018
■ Price: £975,000 6.24% yield
■ Vendor: Castle Crown Properties Limited
■ Vendor’s agent: Ryden & Shepherd Commercial
■ Purchaser: TWD Commercial Limited
■ Lessee: Sainsbury’s Supermarkets
To submit your deals, please email <a href="mailto:deals@egi.co.uk" target="_blank"rel=”noopener”>deals@egi.co.uk. View more deals at www.estatesgazette.com/deals
