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19th April 2012
Hello $$firstname$$
This week's email comprises portfolio of commercial property in Reading and 7 commercial investments located throughout the UK, while there has been a price reduction for Banstead – 103 High Street – see below for details
For recently marketed investment property click here.
Six of the nine firms listing property on this week's mailer are clients using the service on a regular repeat basis – to find out how you can use Showcase Investment Listings to market your property sales to potential buyers call Richard Goff or email rgoff@costar.co.uk
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Portfolio Investment |
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READING – Units 63 & 69 Milford Rd & 1a Stanley Grove
*Potential to increase income by letting vacant floors/property*
Unit 63 is an end of terrace 3 storey office unit, Unit 69 a 2
storey industrial/business unit, both properties providing flexible
accommodation. Stanley Grove is a single storey workshop.
Unit 63 is part let to one tenant to June '13, Unit 69 is fully let to
two tenants until June '22 & Dec. '15. Stanley Grove is vacant.
Current total income is £46,000 pa
Available as individual units or as portfolio,
Unit 63: £325,000, Unit 69: £235,000 Stanley Grove: £50,000
Agent: Haslams
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Investment Property |
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BARDON, LEICESTER – Forest Business Park
*Located on an established Business Park*
High quality two–storey office building constructed 2007 and
extending to 13,810 sq ft with car parking for 65 vehicles
Let to Barratt Developments Plc until December 2017.
Income £192,060 pa (£13.91)
Offers in excess of £1,850,000 Net Initial Yield: 9.81%
Agent: D&P Holt Ltd
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BRISTOL – 138–142 Cheltenham
*Prominent location with strong retail covenant*
Triple fronted ground floor retail unit with three upper floors
Ground floor let to Tesco Stores until Dec. '29
Price: Offers in excess of £600,000 Net Initial Yield: 6%
Agent: Suttons Commercial
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BULLWELL – 203 Main Street, Nottingham
*Prime pitch freehold retail investment*
Total net area: 2,473 sq ft
Let on a new 10 year lease to 5A1 covenant, no break options
Offers in excess of £375,000 Net Initial Yield: 7%
Agent: Ramsdens
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DORKING – Vincent Lane
*Reversionary industrial investment let to an excellent covenant*
Single storey workshop with yard providing on site car parking,
site area approx. 0.45 acres
Let to Henry Ling Ltd until April '15 with fixed rental uplifts
Price: Offers in excess of £700,000 Equivalent yield: 7.83%
Realistic reversionary yield: 9.6% net.
Agent: Hurst Warne
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GLASGOW – De Courcy's Arcade, 5–21 Cresswell Lane
*FOR SALE – UNIQUE RETAIL INVESTMENT*
Located in the heart of Glasgow's West End, a multi–occupancy
building of 16 units.
Total new internal floor area 5,822 sq ft (541.08 sq m) approx.
Long lease to Rudi's Coffee House (Cafe Cranachan) until
Nov. 2025, fixed uplift at rent reviews 2015 & 2020
Net current income £166,026 p.a.x. approximately
Price: £2,000,000
Agent: Freeman MacLeod
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LONDON SW11 – 66 Northcote Road
*Situated on a vibrant street in an affluent London Borough*
Ground floor retail unit with two residential flats on the 1st & 2nd
floors – flats sold off on 125 year leases dated March '97
Let to Phase Eight (Fashion & Designs) Ltd on a ten year lease
from Feb. '12
Price: Offers in the order of £1,150,000 Net Initial Yield: 5.34%
Agent: Nash Bond
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LONDON SW20 – 213–215 Worple Road
*Secure retail investment – new lettings to D&B 5A1 covenants*
Let to Sainsburys Supermarket Ltd until Feb. 2032 (capped RPI
linked compounded rent reviews) & Costa Ltd until March 2022
Modern mixed use development, providing two retail units with 9
very high specification one and two bedroom flats above
sold off on 125 year long leasehold leases
Price: Offers of £2,000,000 Net Initial Yield: 5.35%
Agent: GCW
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Price Reduction |
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BANSTEAD – 103 High Street
*Prime retail location within affluent south east commuter town*
Ground floor shop with a self contained maisonette at 1st & 2nd
floors which has been sold off on a long lease. There is an
unused area at the rear of the 1st floor which could be used for
a variety of uses subject to planning permission
Let to Boots Opticians Professional Services Ltd until Oct. '16
Price: £500,000 Net Initial Yield: 6.5%
Agent: Harmer Ray Hoffbrand Joint Agent: Singer Vielle
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Last Week's Properties |
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EPSOM – The Kirkgate, 19–31 Church Street
*Town centre office investment opportunity*
Modern town centre Grade A office building, total area 26,713
sq ft (approx), with a 92 space underground car park (excellent
ratio of 1 space per 290 sq ft)
Let to Taylor Nelson Sofres plc, a subsidiary of the WPP Group,
until September '16
Price: Offers in excess of £5,505,000 Net Initial Yield: 9.45%
Agent: Nightingale Partners
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WALLINGTON – Leo House, Railway Approach
*Greater London investment opportunity*
Comprising office accommodation on the first to third floors, with
reception at ground floor, 62 car parking spaces providing a
ratio of 1:370 sq ft, capital value of £109 per sq ft
Let to 3 tenants, total current income is £293,995 per annum
(average rent of £12.82 per sq ft) with a WAULT of 8 years
(3.75 years to the break)
Price: Offers in excess of £2,500,000 Net Initial Yield: 11.12%
Agent: Tudor Toone
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