Commercial Deals
NATIONAL INVESTMENT
Morrisons, Aldershot, GU11 1NX
Acquired: £22.25M / 9.65%
A 77,250 sq. ft. food store is let to WM Morrisons for a further 13 years with RPI uplifts.
Supermarket
NATIONAL INVESTMENT
Hemel One, Hemel Hempstead HP2 7YU
Sold: £8.5M
A 85,575 sq. ft office building on a 5.2 acre site sold for redevelopment to industrial use.
Office
NATIONAL INVESTMENT
Dell, Great West Road, London, TW8 9AN
Acquired: £22.2M / £135 psf cap val
A 164,068 sq. ft office building, provided with full vacant possession. This acquisition is part of a £700m joint venture that will look to create BTR accommodation through the conversion of redundant office buildings.
Office
NATIONAL INVESTMENT
Thruxton Race Circuit & Airport, Andover, SP11
Acquired: Confidential
A 462-acre site comprising a race circuit, airfield, hangarage and 282,000 sq. ft. industrial estate.
Alternative
NATIONAL INVESTMENT
Dell, Great West Road, London, TW8 9AN
Acquired: £22.2M / £135 psf cap val
A 164,068 sq. ft office building, provided with full vacant possession. This acquisition is part of a £700m joint venture that will look to create BTR accommodation through the conversion of redundant office buildings.
Office
NATIONAL INVESTMENT
Thruxton Race Circuit & Airport, Andover, SP11
Acquired: Confidential
A 462-acre site comprising a race circuit, airfield, hangarage and 282,000 sq. ft. industrial estate.
Alternative
WEST END INVESTMENTS
9 Berkeley Street, Mayfair, W1
Acquired - £24,000,000 (offered with VP)
Freehold building measuring 11,016 sqft NIA of office and retail accommodation rranged over lower ground, ground and seven upper floors.
Status
WEST END INVESTMENTS
40-41 Pall Mall, SW1
Sold - £10,800,000 (via Private Treaty/Allsop Auction)
Mixed use period building comprising 9,087 sqft of retail office and residential accommodation.
Mixed use – Office / Retail / Residential
WEST END INVESTMENTS
9 Berkeley Street, Mayfair, W1
Acquired - £24,000,000 (offered with VP)
Freehold building measuring 11,016 sqft NIA of office and retail accommodation rranged over lower ground, ground and seven upper floors.
Status
WEST END INVESTMENTS
40-41 Pall Mall, SW1
Sold - £10,800,000 (via Private Treaty/Allsop Auction)
Mixed use period building comprising 9,087 sqft of retail office and residential accommodation.
Mixed use – Office / Retail / Residential
WEST END INVESTMENTS
7 Lexington Street, Soho, W1
Sold - £7,400,000 (12.27% NIY)
Long leasehold opportunity with c.32 years unexpired. The property is let to Snapchat Limited on a lease expiring February 2026. The tenant has subsequently vacated.
Office/Residential
COMMERCIAL AUCTION - JUNE 2024
40/41 Pall Mall, St. James's, London, SW1Y 5JG
Sold: £10.8M (2.47% NIY)
Mixed use building providing two shops, offices & three flats, extending to 9,088 sq. ft. Total Rents £284,900p.a. plus two vacant flats & 1,281 sq. ft offices.
Mixed Use
WEST END INVESTMENTS
7 Lexington Street, Soho, W1
Sold - £7,400,000 (12.27% NIY)
Long leasehold opportunity with c.32 years unexpired. The property is let to Snapchat Limited on a lease expiring February 2026. The tenant has subsequently vacated.
Office/Residential
COMMERCIAL AUCTION - JUNE 2024
40/41 Pall Mall, St. James's, London, SW1Y 5JG
Sold: £10.8M (2.47% NIY)
Mixed use building providing two shops, offices & three flats, extending to 9,088 sq. ft. Total Rents £284,900p.a. plus two vacant flats & 1,281 sq. ft offices.
Mixed Use
COMMERCIAL AUCTION - JUNE 2024
The Co-Op, 43 High Street, Redbourn, St. Albans, Hertfordshire, AL3 7LW
Sold Prior: £1.85M (5.34% NIY)
Attractive Co-op convenience store with car parking let until 2032 at £105,000p.a. with CPI linked reviews.
Convenience Store
COMMERCIAL AUCTION - JUNE 2024
KFC, 150/164 (even) Evelyn Street, Deptford, London, SE8 5DB
Sold: £1.36M (5.49% NIY)
Modern Drive Thru let at £79,122 p.a. on a lease expiring 2040 (no breaks) with 2.5% p.a. compounded fixed rental uplifts and guarantee from KFC (GB) Ltd.
Leisure
COMMERCIAL AUCTION - JUNE 2024
The Co-Op, 43 High Street, Redbourn, St. Albans, Hertfordshire, AL3 7LW
Sold Prior: £1.85M (5.34% NIY)
Attractive Co-op convenience store with car parking let until 2032 at £105,000p.a. with CPI linked reviews.
Convenience Store
COMMERCIAL AUCTION - JUNE 2024
KFC, 150/164 (even) Evelyn Street, Deptford, London, SE8 5DB
Sold: £1.36M (5.49% NIY)
Modern Drive Thru let at £79,122 p.a. on a lease expiring 2040 (no breaks) with 2.5% p.a. compounded fixed rental uplifts and guarantee from KFC (GB) Ltd.
Leisure
COMMERCIAL AUCTION - JUNE 2024
7/7A-9/9A Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QA
Sold: £1.24M (5.52% NIY)
Well located shop & two (2 bed) maisonettes, entirely let to Gails Ltd at £72,500p.a. until 2037.
Retail
WEST END OFFICE LEASING
262 High Holborn, London, WC1 – 1st & 2nd Floors
Disposal of 9,200 sq. ft. on behalf of Lazari Developments Ltd
2 high quality fully fitted floors let to Confluent Europe Ltd and Public Digital.
COMMERCIAL AUCTION - JUNE 2024
7/7A-9/9A Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QA
Sold: £1.24M (5.52% NIY)
Well located shop & two (2 bed) maisonettes, entirely let to Gails Ltd at £72,500p.a. until 2037.
Retail
WEST END OFFICE LEASING
262 High Holborn, London, WC1 – 1st & 2nd Floors
Disposal of 9,200 sq. ft. on behalf of Lazari Developments Ltd
2 high quality fully fitted floors let to Confluent Europe Ltd and Public Digital.
WEST END OFFICE LEASING
31 Dover Street, London, W1 – 2nd & 4th floors
Disposal of 3,000 sq. ft. on behalf of a Private Client
2 exquisite fully fitted floors in central Mayfair let to Equita Ltd & Beaumont Nathan Fine Art.
WEST END OFFICE LEASING
The Hide, 3 Kingly Court, London, W1
Acquisition of 2,500 sq. ft. for Prop Co Client
Superb fully fitted floor with roof terraces in Central Soho acquired from Shaftesbury Capital.
WEST END OFFICE LEASING
31 Dover Street, London, W1 – 2nd & 4th floors
Disposal of 3,000 sq. ft. on behalf of a Private Client
2 exquisite fully fitted floors in central Mayfair let to Equita Ltd & Beaumont Nathan Fine Art.
WEST END OFFICE LEASING
The Hide, 3 Kingly Court, London, W1
Acquisition of 2,500 sq. ft. for Prop Co Client
Superb fully fitted floor with roof terraces in Central Soho acquired from Shaftesbury Capital.
Residential Deals
RESIDENTIAL TRANSACTION AND LIVING MARKETS
BUILD TO RENT
BeckYard, Leeds
GDV: £85M
375 unit BTR scheme located in South Bank, Leeds. Advised McLaren Living on the forward funding with Heim.
STUDENT HOUSING
Bath & Oxford Portfolio
Sold: £12.8M
HMO portfolio comprising 182 bedrooms across four assets.
BUILD TO RENT
BeckYard, Leeds
GDV: £85M
375 unit BTR scheme located in South Bank, Leeds. Advised McLaren Living on the forward funding with Heim.
STUDENT HOUSING
Bath & Oxford Portfolio
Sold: £12.8M
HMO portfolio comprising 182 bedrooms across four assets.
STUDENT HOUSING
Leazes Parade, Newcastle
Sold: £7.96M
Part converted, part purpose built student investment comprising 222 bedrooms.
RESIDENTIAL INVESTMENT
The North Leeds Portfolio
Sold: £6.625M (7.60% GIY)
Fully-let portfolio comprising three unbroken freehold residential blocks located in popular North Leeds suburbs.
STUDENT HOUSING
Leazes Parade, Newcastle
Sold: £7.96M
Part converted, part purpose built student investment comprising 222 bedrooms.
RESIDENTIAL INVESTMENT
The North Leeds Portfolio
Sold: £6.625M (7.60% GIY)
Fully-let portfolio comprising three unbroken freehold residential blocks located in popular North Leeds suburbs.
RESIDENTIAL INVESTMENT
The March Portfolio, Cambridgeshire PE15
Sold: £9.46M
Rare income producing housing portfolio, comprising 32 eco-friendly houses completed in 2023.
RESIDENTIAL INVESTMENT
Absolute House, Lyon Way, Frimley GU16
Sold: £14.25M
Freehold newly converted block comprising a total of 91 apartments, with the benefit of further development potential.
RESIDENTIAL INVESTMENT
Bedford House, 16-17 New North Street, London WC1
Sold: £5.2M
Unbroken fully let residential investment comprising nine flats, within excellent Central London location.
RESIDENTIAL DEVELOPMENT
Main Street, Church Fenton, LS24
Acquired: £4.2M
Residential development site for 50 dwellings.
RESIDENTIAL INVESTMENT
Bedford House, 16-17 New North St, London WC1
Sold: £5.2M
Unbroken fully let residential investment comprising nine flats, within excellent Central London location.
RESIDENTIAL DEVELOPMENT
Main Street, Church Fenton, LS24
Acquired: £4.2M
Residential development site for 50 dwellings.
RESIDENTIAL DEVELOPMENT
222 Balham High Road, London SW12
Sold: £6.75M
Two office buildings with potential for conversion or redevelopment for a variety of alternative uses.
RESIDENTIAL AUCTIONS
MARCH 2024
68 Heath Street, Hampstead Village, London, NW3
Sold prior. Guide price: £2.5M+
Freehold Grade II Listed mixed use building. Arranged to provide four flats above a commercial premises.
Investment
MARCH 2024
2 Parkside, Mill Hill, London, NW7
Sold: £1.85M
Freehold five bedroom detached house with two garages and rear garden. Approximate GIA 222 sq m (2,390 sq ft).
Vacant
MARCH 2024
3 Mandeville Street, Lower Clapton, London E5
Sold prior. Guide price: £1.1M+
Freehold development site with planning consent for demolition of existing building and erection of an eight storey mixed use building.
Development
APRIL 2024
14-20 Athelstan Road, Margate, Kent CT9
Sold: £1.78M
Four freehold terrace buildings arranged to provide 23 flats, each subject to an AST. Total current rent reserved £167,100 p.a. (equivalent).
Investment
LETTING & MANAGEMENT - RECENTLY LAUNCHED
LETTING & MANAGEMENT
Eda, Manchester
Freehold development site with planning consent for demolition of existing building and erection of an eight storey mixed use building.
Launched: Winter 2023 WEBSITE
LETTING & MANAGEMENT
Assembly Park, Telford
195 two, three and four bedroom homes. On-site play park, air source heat pumps, super-fast broadband, EV charging and smart thermostats.
Launched: Spring 2023 WEBSITE
LETTING & MANAGEMENT
Spinning Fields, Braintree
139 two and three bedroom homes. On-site play park, air source heat pumps, super-fast broadband, EV charging, smart thermostats and on-site retail.
Launched: Summer 2023 WEBSITE
LETTING & MANAGEMENT
Union View, Dartford
98 two, three and four bedroom homes. Air source heat pumps, super-fast broadband, EV charging, smart thermostats and smart lock security.
Launched: Spring 2024 WEBSITE
