A SELECTION OF RECENT TRANSACTIONS
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Aylesbury Street, Clerkenwell, London, EC1R
DISPOSAL
Sector - Class E with residential Planning Permission
Freehold
Well located Class E property.
Within close proximity to Clerkenwell Green and Farringdon Station.
Planning permission granted for conversion of part ground and three upper floors for residential use.
The property provides 1,690 sq ft (157.0 sq m) of Gross Internal Area.
Full vacant possession.
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Terminus Road, Eastbourne, BN21
DISPOSAL
Sector - Retail with planning for 18 flats
Freehold
Prime retail investment with planning permission on the upper parts for 18 flats.
Basement, ground floor and mezzanine let to Barclays Bank UP PLC until September 2027, producing £200,000 per annum.
Vacant upper parts with planning permission for 18 flats.
Potential to create additional flats in the roof space subject to planning.
Sold on behalf of a private real estate investment company.
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Neasden Lane, London, NW10
ACQUISITION
Sector - Office
Freehold
New build EPC A and BREEAM Excellent office
Close proximity to London Underground Station
Majority let to the Government
Low capital value £ per sq ft less than residential values
Acquired on behalf of a private investor
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East End Road, London, N3
DISPOSAL
Sector - Leisure
Long leasehold
Gym extending to 31,131 sq ft
70 on-site car parking spaces
Let to Pure Gym Limited with 16 years unexpired
Sold on behalf of a FTSE 100 REIT
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Great Sutton Street, London, EC1
ACQUISITION
Sector - Office
Freehold
Prime Clerkenwell office building
Acquired with partial vacant possession
Potential to refurbish and modernise the building in order to set a new rental tone
Acquired in an off-market transaction on behalf of a multi-family office
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Woodham Road, Addlestone, Chertsey, Surrey, KT15
ACQUISITION
Sector - Open Storage
Freehold
Off-market acquisition of an open storage site
Vacant
Acquired on behalf of a private equity firm
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Cecil Street, Carlisle, CA1
ACQUISITION
Sector - Mixed use
Freehold
Majority of the property is let to Travelodge Hotels Limited with uncapped RPI increases
Potential to extend the Travelodge Hotel to occupy the vacant office floor
Acquired on behalf of a UK fund
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St Peter's Street, St Albans, Hertfordshire, AL1
ACQUISITION
Sector - Retail
Freehold
Single let retail investment
100% prime pitch
Acquired on behalf of a private investor
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Lordship Lane, London, N22
DISPOSAL
Sector - Leisure
Freehold
Bingo Hall let to Mecca Bingo Ltd
Situated on a site of circa 2.20 acres
Potential for large scale redevelopment subject to obtaining necessary consent
Within 200 meters of Wood Green London Underground Station
Following a competitive marketing campaign the property was sold on behalf of a FTSE 100 REIT
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Aylesbury Street, London, EC1
ACQUISITION
Sector - Office
Freehold
Vacant office
Located on Clerkenwell Green
Potential for refurbishment and redevelopment
Acquired in an off-market transaction on behalf of a multi-family office
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Bunhill Row, London, EC1
ACQUISITION
Sector - Office
Freehold
Multi-let office
Approximately 13,328 sq ft
Low average passing rent
Prominently located in the heart of Tech City within close proximity of Silicon Roundabout and Old Street Station
Potential to add massing
Acquired on behalf of a multi-family office
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Verulam Road, St Albans, Hertfordshire, AL3
ACQUISITION
Sector - Leisure
Freehold
Single let to Troia (UK) Restaurants Limited trading as The Ivy Brasserie with a Guarantee from Caprice Holdings Ltd.
26 years unexpired
Overriding lease including 3 flats
Acquired on behalf of a private investor
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Fishergate, Preston, Lancashire, PR1
ACQUISITION
Sector - Retail
Freehold
Single let high-yielding Building Society
Acquired on behalf of a private investor
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Jamage Industrial Estate, Pit Lane, Stoke on Trent, Staffordshire, ST7
ACQUISITION
Sector - Industrial
Freehold
Two industrial units
Acquired as part of a site assembly
Acquired on behalf of a UK fund
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Minster Place, Ely, Cambridgeshire, CB7
DISPOSAL
Sector - Retail
Freehold
Prominent city centre location
Let to Lloyds Bank PLC
Sold on behalf of a private investor
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Broad Street, March, Cambridgeshire, PE15
DISPOSAL
Sector - Retail
Freehold
Prominent retail unit with upper parts
Let to Specsavers Optical Superstores Ltd
Sold on behalf of a private investor
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High Street, Sittingbourne, Kent, ME10
DISPOSAL
Sector - Retail
Freehold
Three fully let retail units located in 100% prime pitch
Let to Superdrug and Betfred
Sold on behalf of a private investor
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Davidson Way, Romford, Essex, RM7
ACQUISITION
Sector - Retail Warehouse
Freehold
Single let Retail Warehouse
Final part of a land assembly for future redevelopment
Acquired on behalf of a property company in an off-market transaction
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Lowfield Street & Market Street, Dartford, Kent, DA1
DISPOSAL
Sector - Mixed use
Freehold
Multi-let retail and office investment
Potential for change of use of the upper floors
Approximately 21,000 sq.ft
Sold on behalf of a UK fund
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Southmead Close, Westmead, Swindon, Wiltshire, SN5
DISPOSAL
Sector - Office
Freehold
New build office investment
Term certain of approximately 5 years
Sold on behalf of a property company
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Rom Valley Way Retail Park, Davison Way, Romford, Essex, RM7
ACQUISITION
Sector - Retail Warehouse
Freehold
Multi-let retail park acquired as part of a site assembly program
Potential for alternative use
Acquired for a property company in an off-market transaction
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Seebed Centre, Davidson Way, Romford, Essex, RM7
ACQUISITION
Sector - Industiral
Freehold
Multi-let industrial park with potential for alternative use
Acquired for a property company in an off-market transaction
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Ratty's Lane, Hoddesdon, Hertfordshire, EN11
ACQUISITION
Sector - Alternative
Freehold
Renewable power station
Unexpired term of approximately 14 years with annual CPI rental uplifts, capped at 3.50% per annum
The cost of the tenant’s fit out was far greater than the purchase price
Off-market transaction
Acquired on behalf of a UK fund
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Bateman Street, London, W1
DISPOSAL
Sector - Retail
Long leasehold
Ground floor and lower ground floor retail unit
Vacant possession
Sold on behalf of a private investor to the adjacent owner
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Felaw Street, Ipswich, IP2
ACQUISITION
Sector - Office
Freehold with long leasehold car park
Multi-let to six tenants
WAULT of approximately 4.90 years to break
Acquired on behalf of a UK property company following a competitive bidding process
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Rayleigh Road, Shenfield, Essex, CM13
ACQUISITION
Sector - Office
Freehold
Single let office building with approximately 10 years unexpired
Crossrail station situated opposite the subject property
Acquired on behalf of a private investor
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Jamage Industrial Estate, Pit Lane, Stoke-on-Trent, Staffordshire, ST7
ACQUISITION
Sector - Industrial
Freehold
Single let industrial unit
High yielding and low capital value
Acquired on behalf of a UK fund
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Lordship Lane, London, N22
ACQUISITION
Sector - Leisure
Freehold
Bingo Hall let to Mecca Bingo Ltd
Situated on a site of circa 2.20 acres
Potential for large scale redevelopment
Within 200 meters of Wood Green London Underground Station
Acquired on behalf of a publicly quoted property company
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High Street, Colchester, Essex, CO1
DISPOSAL
Sector - Retail
Freehold
Prime Bank investment
Unexpired term of approximately 10 years
Sold on behalf of a private investor
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Towpath Road, London, N18
ACQUISITION
Sector - Industrial / Open Storage
Freehold
Site area of approximately 5 acres
Strategic development land located within the London Borough of Enfield
Potential for increased massing on site or change of use in line with the local master plan
Acquired on behalf of a publicly quoted property company
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Berners Street, London, W1
ACQUISITION
Sector - Leisure
Virtual Freehold
Long let restaurant investment
The location is likely to be enhanced and benefit from Crossrail
Acquired in an off-market transaction on behalf of a UK Pension Fund
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South Street, Bishop’s Stortford, Hertfordshire, CM23
DISPOSAL
Sector - Retail
Freehold
Three retail units and a dental practice with rear car park
Marketing of the property generated good interest and was concluded with ‘Best Bids’ prior to the successful party carrying out an attended exchange of contracts
Sold on behalf of a property company
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Bath Road, Hounslow, Middlesex, TW3
ACQUISITION
Sector - Leisure
Freehold
Single let pub on an island site with potential for future redevelopment
Acquired in an off-market transaction on behalf of a property company
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Temple Street, Bristol, BS1
ACQUISITION
Sector - Student Accommodation
Freehold
Converted office comprising 153 direct let student rooms
Acquired on behalf of a listed REIT in an off-market transaction
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Hempstead Road, Holt, Norfolk, NR25
DISPOSAL
Sector - Warehouse
Freehold
Purpose built warehouse of 29,144 sq ft
Let in its entirety to Booker Limited for seven years unexpired
Dunitz & Co. provided advice regarding re-gearing the tenant’s lease prior to marketing the property for sale
Sold on behalf of a private investor
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High Street, Lincoln, LN5
DISPOSAL
Sector - Retail
Freehold
Modern retail unit located within Lincoln’s prime pitch
Let in its entirety to Barclays Bank PLC at a rent of £146,000 pa
Exchanged contracts five days from agreement of Head of Terms
4.75% Net Initial Yield
Sold on behalf of a private investor
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St Stephens Street, Norwich, NR1
ACQUISITION
Sector - Retail
Freehold
Three retail units located in Norwich city centre
Let to Lakeland Ltd, New Look Retailers Ltd and Slaters Menswear
Acquired on behalf of a property company
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Deansgate & Oxford Street, Bolton, BL1
ACQUISTION
Sector - Retail
Prominent corner retail unit in Bolton’s town centre
Let in its entirety to Nationwide Building Society
Approximately five years unexpired
Net Initial Yield of 12.6%
Exchanged contracts within 48 hours of agreement of Heads of Terms
Acquired on behalf of a private investor
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St Mary Street , Weymouth, Dorset, DT4
ACQUISITION
Sector - Retail
Freehold
Prime town centre pitch
Multilet retail investment let to WHSmith PLC, Telefonica UK ltd (t/a O2) and Caversham Finance Ltd ( t/a Brighthouse)
Net Initial Yield of 8.72%
Acquired on behalf of a property company
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Mint Portfolio
ACQUISITION
Sector - Retail and Retail Warehouse Portfolio
Off-market portfolio sub-sale
Properties located in Peterlee, Colchester, Nottingham and Plymouth
Let to tenants including Poundstretcher Ltd, Lidl UK Assets GmbH, Moss Bros Group Plc, Greggs Plc and Blacks Outdoor Retail Ltd.
Portfolio was acquired on behalf of a property company
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Kingsland Passage, London, E8
ACQUISITION
Sector - Office
Freehold
Highly reversionary
Asset management potential
Acquired off-market on behalf of a UK Pension Fund
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Church Lane, Midsomer Norton, Somerset, BA3
DISPOSAL
Sector - Retail Warehouse
Freehold
Two Retail Warehouse units
Double vacant shop with 4 floors above
Let to Halfords Ltd and PamPurredPets Ltd
Sold on behalf of a private investor
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High Street, Uxbridge, Middlesex, UB8
DISPOSAL
Sector - Retail & Office
Freehold
Two ground floor retail units with part vacant offices at first and second floor level
Planning permission for change of use of the upper parts to residential
Sold on behalf of a property company
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Corporation Street, Corby, Northamptonshire, NN17
ACQUISITION
Sector - Retail
Freehold
Ground and part first floor let to Iceland Foods Ltd for 12 years
Part first floor let to Corby FM
Asset management opportunities
Acquired on behalf of a property company