This week’s email comprises of 8 investment sales from the office, industrial, retail & residential sectors. - see below for details
To use Open Market Listings to market your property sales to 18,000 potential buyers call Richard Goff 0207 009 2875 or email rgoff@costar.co.uk
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CHIPPENHAM – Unit A1/A2, Methuen South
*High specification offices in a well established location*
Two adjoining office buildings constructed in 2005
A1 is let to Home of Choice Group Limited to Sept. ’21, A2 is
let to M and W Zander FE UK Limited until January ‘23
Price: £1,750,000 Net Initial Yield: 9.5%
Agent: BNP Paribas Real Estate |
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CRUMLIN –Croespenmaen Industrial Estate
*Industrial investment, with 2.75 acres for expansion potential*
Purpose built factory and warehouse, with integral staff
canteen and offices
Let to Unilever Best Foods UK Ltd until April ‘14
Price: £2,500,000
Agent: Neil Frais Kelly |
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EASTWOOD – 99 Nottingham Road
*Well located Retail/Residential freehold property*
Mid terrace shop unit arranged over ground & 1st floors, upper
floors has own access and provides a refurbished 2 bed flat
Let to Jonathan James until July ’18, flat let on AST
Price: £210,000 Net Initial Yield: 8%
Agent: Rees Denton |
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GOSPORT – Unit 1, 32 Forton Road
*Well let with unexpired term of in excess of 16 years*
Ground floor shop which forms part of a four storey building
Let to Pizza (UK Limited) until July ’27
Price: £250,000 Net Initial Yield: 7.11%
Agent: Downing Associates |
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KNOWSLEY – Unit 12, Tiger Court, Kings Business Park
*High quality business park office investment*
Two-storey detached high specification office building
Let to Camelot Group Plc for 10 years from March ’10 (with a
tenant break option at year 5)
Price: £750,000 Net Initial Yield: 9%
Agent: Knight Frank |
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MANCHESTER – 67-73 Mosley Street
*Prime city centre office investment*
Mid terrace property arranged over basement, ground & 5
upper floors providing 5 floors of offices and 2 retail units
Producing £185,625pa to three tenants. 3 vacant floors of
offices with 2 fully refurbished
Price: £2,900,000
Agent: WHR Property |
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WORKSOP – Lawn Road
*Industrial investment, first class tenant, let until 2036*
Modern warehouse comprising some 40,000 sq feet
Let to Coal Products Ltd until Dec. ’36 the lease is guaranteed
by CPL Distribution Ltd
Price: £1,450,000
Agent: Neil Frais Kelly |
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WINCHESTER – 33/34 High Street
*Prime location in an affluent Cathedral City*
2 Grade II listed buildings providing ground floor retail units
Let to Holland & Barrett and Timpson until 2019 & 2018
Price: £2,600,000 Net Initial Yield: 5.1% Rev. Yield: 5.95%
Or available separately:
33 High St. – Price: £1,620,000 NIY 5.09% Rev. Yield: 5.87%
34 High St. – Price: £980,000 NIY: 5.25% Rev. Yield: 6%
Agent: Harmer Ray Hoffbrand |
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KINGSTON-UPON-THAMES –
36-40 Richmond Rd & 1-11 Cowleaze Rd
*92% of the current income secured to The Met Police*
Modern mixed use building; retail/office space at ground floor,
with 19 residential & 10 ‘live/work’ apartments on the uppers
Significant opportunity to increase the income profile by letting
of the vacant retail unit & letting/selling of the vacant ‘live/work’
apartments
Open Days to view the property 10th & 16th March 2010
Price: £1,750,000
Agent: GVA Grimley |
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HOOK – Vantage House, Meridian Office Park, Osborn Way
*Well secured, freehold south east office investment*
3 storey office building constructed in the early 1990’s
Let to the strong covenant of Lloyds Pharmacy Limited for a
further 5.6 years at £150,000 pa
Price: £1,580,000 Net Initial Yield: 9%
Agent: King Sturge |
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BIRKENHEAD – Ocean Park, Dock Rd, Wallasey
*High yielding industrial investment – Wallasey dock located*
Refurbished & extended warehouse with offices
Let to two tenants producing £376,665 pa – see tenancy
schedule for further information
Price £3,680,000 Net Initial Yield: 10%
Agent: CBRE |
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BRENTWOOD – 75 High Street
*Prime freehold bank investment opportunity*
Ground floor banking hall with offices and staff accommodation
on 1st & 2nd floors (basement used for storage)
Let to Barclays Bank PLC until August ‘26
Price: Offers in excess of £2,580,000 NIY: 5.5%
Agent: Awbery Morris |
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OLDHAM – Hawksley Court Industrial Estate
*Close to J22 of the M60-Asset management opportunities*
Two detached industrial units facing on central yard
Let to two tenants producing an annual income of £48,000 –
see the tenancy schedule for further information
Price: £482,300 Net Initial Yield: 9.5%
Agent: CBRE |
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DONCASTER – 9 St. Sepulchre Gate
*Prime position-let to the UK's largest optical retailer*
Retail premises on basement, ground & mezzanine floors,
with self-contained offices at 2nd and 3rd floor areas
Let to Specsavers Optical Superstores Limited until Feb. ‘17
Price: Offers are sought in excess of £1,540,000 NIY: 6%
Agent: Lane Walker |
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SALFORD – Units 1 & 2 Wardley Industrial Estate
*Low site cover provides opportunity for redevelopment*
Two semi-detached warehouse units
Let to two tenants producing £63,047 – please see
the tenancy schedule for further information
Price: £627,500 Agent: 9.5%
Agent: CBRE |
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HAYDOCK – North Florida Rd, Haydock Industrial Estate
*Single let industrial unit-prime well established location*
Gross Internal Area 8,332 sq m (97,430 sq ft) on a 3.9 acre site.
Let to Coral Products Plc until Jan ‘25
Price: £3,390,000 Net Initial Yield: 8.5%
Agent: King Sturge |
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KNOWSLEY – Yardley Road Industrial Estate
*Established location - Asset management opportunities*
Property comprises of two sites, the first is 2 warehouses the
second a terrace of 4 ind. units offices & production facility
Let to 6 separate tenants on 6 separate tenancies– see tenancy
schedule for further information
Price: £2,035,000 Net Initial Yield: 11%
Agent: CBRE |
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WISBECH – 19/22 Market Place
*Prime High Street Investment Opportunity–10 year lease*
Building providing ground floor retail space with ancillary &
storage areas within the basement and 1st floor
Let to 99p Stores Ltd until Oct. 2019
Price: Offers in excess of £1,250,000 Net Initial Yield: 6.8%
Agent: Roche Retail |
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MANCHESTER – Victory Park, Failsworth
*With frontage to main arterial road into City Centre*
Self contained industrial estate providing 5 units together with
a separate secure site area
Let to four tenants producing an annual rent of £66,300 – see
tenancy schedule for further information
Price: £660,000 Net Initial Yield: 9.5%
Agent: CBRE |
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PENDLEBURY – Clifton Hall, Lumms Lane, Manchester
*Secure income investment–3 yearly upward only r.r.*
Let to Biffa Waste Services Ltd for 99 years from 1996 (85 years
unexpired) - rent: £123,320 per annum
Three yearly upward only rent reviews
Long Leasehold – 99 years from 1996 at peppercorn
Price: Offers in excess of £1,930,000 Net Initial Yield: 6%
Agent: CBGA Joint Agent: Fisher German |
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OLDHAM – Hawksley Street Industrial Estate
*High yielding industrial investment – close to J22 M60*
2 detached industrial units facing onto a central yard
Producing an annual income of £56,000 –
see tenancy schedule for further information
Price: £557,400 Net Initial Yield: 9.5%
Agent: CBRE |
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OLDHAM – Highfield Industrial Estate
*Prominently located - High yielding industrial investment*
Mixed use building providing car showroom, office, workshop,
leisure and industrial accommodation
Let to 5 tenants (including Oldham College) on 5 leases –
please see tenancy schedule for further information
Price: £1,703,000 Net Initial Yield: 10%
Agent: CBRE |
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CRAWLEY – Units 1-4 Charlwood Ct., Manor Royal Ind. Est.
*Multi-let office investment*
Single terrace of four self contained two storey offices
Multi-let to 5 tenants – see tenancy schedule.
Price: Upon application for the purchase of the whole site,
Alternatively, offers may be considered for part of the site
Agent: Holloway Iliffe & Mitchell |
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