Retail Unit Acquisition – Stratford upon Avon

Corporate clients have acquired a prominently positioned corner unit on Birmingham Road in the centre of Stratford for a new branch office. Extending to over 1,600 sq ft over 2 floors a new 10 year lease was entered into at a commencing rent of £35,000 pa.

Tim Cox Associates acted for the landlord in the transaction.

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First Class Honours for Sarah


Convenience Store Investment Acquisition - Thornbury

Pension Fund clients have acquired a recently completed convenience store in Badger Rd, Thornbury for £1.08m reflecting a net return of 5.25%. The property, which forms part of a 1,500 unit residential development to the north of the town centre, extends to 3,460 sq ft with 8 on site car spaces. The Co Op have entered into a 25 year lease without break at an initial rent of £56,000 pa. MacLaren and Partners acted for the vendor in the sale.


Industrial Investment Acquisition – Leamington Spa

Property Company clients have acquired 3 new industrial units on a recently completed development at Tachbrook Park, Leamington Spa known as T1300. Extending to 6,590 sq ft the units are constructed to a very high specification incorporating solar panels and electric vehicle charging points. One of the units is occupied by Cadent Gas Ltd and two units are available to let. The developer, AC Lloyd, was represented by MacLaren and Partners in the sale


Roadside Investment Acquisition - Rhyl

Acting on behalf of a Pension Fund client we have completed the acquisition of a new roadside scheme at Bodelwyddan in North Wales for £2,125,000 reflecting a blended yield of 5.26%. The development comprises two units extending to a total of 5,800 sq ft with 67 on site car spaces on a prominent 1.3 acre site adjacent to junction 25 of the A55 North Wales Expressway. Spar and Costa have entered into leases for 15 years without break at a combined rent of £116,000 pa.


Roadside Development Forward Funding - Corby

Property Company clients of ours have recently completed the development of a roadside scheme at Southern Gateway in Corby by way of a traditional forward funding. Occupying a prominent position adjacent to a Shell PFS and close to a Premier Inn and Beefeater Restaurant, the 4 unit development of 7,800 sq ft on 1.5 acres, is let to occupiers including McDonalds, Costa and Dominos. The total capital commitment reflects a net return of 5.75%. of Northampton acted for the developer in the transaction.


Retail Unit Acquisition, Preston

Acting on behalf of corporate clients we have recently acquired a prime shop unit in Preston, Lancashire. Providing accommodation of 1,325 sq ft over two floors, the unit occupies a prominent corner position at the junction of Fishergate and Butler Street, adjacent to the railway station, in the town centre. A new 10 year lease at an initial rent of £30,000 pa was agreed and the landlord was represented by Cheetham and Mortimer. 


Retail Unit Acquisition, Harrogate

To complement their expanding branch network in the North, we have acquired a retail unit in Harrogate for clients of ours. Occupying a prominent position between Fat Face and the Skipton Building Society on Princes St, close to the junction with James St, the recently refurbished property provides 3,450 sq ft or thereabouts over 4 floors. A new 10 year lease has been entered into at an initial rent of £30,000 pa. Brassington Rowan acted for the landlord in the transaction.


Retail Unit Acquisition, Solihull

As a result of growth in their business, Corporate clients have completed the acquisition of a prime shop unit in Poplar Rd, Solihull, which adjoins their existing branch office. The transaction was structured by way of a lease surrender with Melvyn Danes Estate Agents simultaneous with granting our clients a new lease at an initial rent of £36,000 pa.


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