If you are having problems viewing this email, please click here
Showcase Investment Property
 
26th January 2012
Hello $$firstname$$
This week's email comprises 8 new investment properties while the prices has been reduced for London W2 – 93 Praed Street – see below for details

To access all recently marketed investment property click here

To use Showcase Investment Listings to market your property sales to 18,000 potential buyers call Richard Goff 0207 009 2875 or email rgoff@costar.co.uk
 
Investment Property
BLACKPOOL – 72 Church Street
Prime pedestrianised location – diagonally opposite M&S*
3 storey building providing retail on ground floor
Let to Greggs Plc until March ‘15
Price: £975,000 Net Initial Yield: 6.4%
Agent: Suttons Commercial
 
More Information    
HORSHAM – Units A–C, Foundry Lane
*South–East multi let industrial investment*
Comprising three units totalling 6,892 sq m (74,187 sq ft)
Let to 3 tenants proving an average weighted unexpired term of
7.1 years to lease expires
Current passing rent of £541,250pa.
Town centre location with long term redevelopment potential –
subject to planning.
Offers in excess of £5,386,000, reflecting a net initial yield: 9.5%
Agent: Strutt & Parker
 
More Information  
NORTHAMPTON – ND House, Lodge Farm Industrial Estate
*HQ Offices – 9+ year unbroken term – 15% site cover*
Refurbished two storey freehold offices (and separate training
centre) – 146 car parking spaces (1:183 sq ft)
Let to Norbert Dentressangle Logistics Ltd with a Guarantee
from Norbert Dentressangle Logistics SAS, expiring May 2021
(no breaks) with upward only OMRV review May 2016.
Price: £1.75m Net Initial Yield: 8.8% Reversionary Yield: 9.45%
Agent: D&P Klein Joint Agent: Budworth Hardcastle
 
More Information  
NORTH SHIELDS – Units D1 & D2, Tyne Tunnel Trading Est
*Good quality, well located industrial investment*
Recently refurbished industrial unit – 1,098 sq m (11,819 sq ft)
Let to North East Brewing Company (trading as Mordue
Brewery) until Nov. '24 with RPI increases.
Offers of £430,000 NIY:10% Reversionary Yield: 12.2 % (Nov.'14)
Agent: WHR Property
 
More Information  
TRAFFORD PARK – CCF Limited, Unit B Guinness Circle
*Prime Trafford Park Industrial Investment*
Modern detached industrial unit with 2 storey office & storage
low site coverage of approx. 35%
Let to CCF Limited (subsidiary of Travis Perkins),since
construction – lease expiring June ‘21
Price: Offers in the region of £1,700,000 Net Initial Yield: 8.25%
Agent: WHR
 
More Information  
OLDBURY – Npower, Birchfield House, Birchley Park
*Well secured, strategically located, prime office investment*
High quality building comprising 1,537 sq m (16,540 sq ft) on
ground & first floors together with 80 marked car spaces
Let to Npower Ltd by way a lease and reversionary lease
expiring on Dec. '17 guarantee provided by International Power
Plc and RWE Npower Plc
Price: Offers in the region of £2,800,000 Net Initial Yield: 8.1%
Agent: Ramsdens
 
More Information  
PAIGNTON – Pembroke House, 266–276 Torquay Road
*Prominently located mixed use building in established location*
60% of the income derived from Tesco Stores Ltd with c.11.5
years unexpired, 34% of the income derived from Day Lewis
Chemists Ltd with over 12 years unexpired.
All the income is RPI linked and uncapped
Substantial Capital Allowances available
Price: Offers in the region of £1,700,000 Net Initial Yield: 6.62%
Agent: Alder King
 
More Information  
SCARBOROUGH – 40 St. Nicholas St. / 14 Newborough St.
*Freehold bank investment–Prominent location–SPV Available*
Ground floor banking hall with office/ancillary accommodation
on 1st, 2nd & 3rd floors & basement
Let to Barclays Bank Plc until April ‘26
Price: Offers in excess of £1,200,000 Net Initial Yield: 5.8%
Agent: Suttons Commercial
 
More Information   More Information
 
Price Reduction
LONDON W2 – 93 Praed Street
*Prime freehold shop with residential upper parts*
Ground floor shop & basement with 3 studio flats above
Let to the Baghdad Café (with sureties) until May '21 (rent rising
from £22k pa to £24k pa in May '14 & rent review in May '16)
Price: £1,050,000 Net Initial Yield: 5.5%
Agent: TK Retail Property Consultants
 
More Information   More Information
 
Last Week's Properties
BOURNEMOUTH – Post Office Road
*Restaurant Investment with Student Accommodation above*
Impressive building providing a recently refurbished ground floor
restaurant, 2 floors above providing student accommodation
Ground floor let to Pizza Express Restaurants until Jan. ’36,
(71% of the income) 1st & 2nd Floors let to Kings School of
English (Tuition) Ltd) t/a Kings Colleges Bournemouth on a new
15 year RPI lease from Jan ‘12
Price: Offers in the region of £2,075,000 Net Initial Yield: 5.75%
Agent: Philips Lockhart
 
More Information   More Information
LUDLOW – Foldgate Lane
*Hotel Investment – Ideal lot size for a private investor/SIPP*
Modern purpose–built Travelodge hotel constructed in 2006
providing 41 bedrooms over 2 floors – 47 car parking spaces
Let to Travelodge Hotels Ltd until Dec. '31 with 5 yearly RPI
rent reviews
Price: Offers in the region of £1,834,000 Net Initial Yield: 6.25%
Agent: Philips Lockhart
 
More Information  
NORWICH – Ketts Court, 1–7 St Stephen's Road
*Prominently located freehold retail investment*
11,014 sq ft of retail accommodation at ground floor level
arranged in 2 separate units.  Residential to above & rear.
Unit 1 let to Multiyork Furniture Ltd until March '21.
Unit 2 let to Subway Realty Ltd until March '21, with break
option in March '16.
Residential parts let to Elderhart Residential Limited until July
2131 at peppercorn rent.
Total income of £165,500 pa, rising to £167,500 pa in March '13
Price: Offers in excess of £1,850,000 Net Initial Yield: 8.5%
Agent: Cluttons LLP
 
More Information  
SALISBURY – 23 Catherine Street
*Well secured retail investment – Not VAT registered*
Two storey building providing a ground floor retail unit
Let to Barnardos until August ‘21
Price: £475,000 Net Initial Yield: 6.02%
Agent: Reid Rose Gregory
 
More Information  
WIGAN – 58/60 Market Place
*Prime retail location in pedestrianised town centre*
Pair of imposing retail units providing ground floor retail space
with ancillary office accommodation above – refurbished in ‘06
Let to Bank of Scotland Plc until February ‘17
Price: £2,200,000 Net Initial Yield: 5.8%
Agent: Hughes Ellard
 
More Information   More Information
WATERLOOVILLE – 19/20 Stratfield Park
*Self contained unit – On–site parking – Long term lease*
2 freehold 1980's constructed self contained 2 storey business
units which have been combined to provide a double unit
Let to Eurotech Fire Systems until June '21 – rent £52,500 pa
Price: £499,000 Net Initial Yield: 9.92%
Agent: Holloway Iliffe & Mitchell
 
More Information    
 
Contents
Investment Listings
Investment Property
Price Reduction
Last Weeks Properties
Property Related Websites
Propex Portal
Costar Group
Shopproperty
FOCUS
 
 
 
 
 
 
Subscribe to this email
If this email has been forwarded to you by a colleague and you would like to receive it on a weekly basis,
click here to subscribe
  Unsubscribe
To unsubscribe, click here and send an email with 'unsubscribe' in the subject line.
  New Email Address?
Are you changing your email address? If so, click here to notify us so you can continue to receive the Weekly Email.