2019 Selection of typical sales by sector
Multi-Million Pound Lots
SOLD £12.4M (1.3% NIY)
Lot 87 - “The Lady” Magazine, London WC2
Rare freehold office and residential investment comprising 11,140 sq. ft. let at £170,000 p.a. £1,113 per sq. ft.
SOLD £5.85M (4.5% NIY)
Lot 72 - Lloyds Bank, London NW1
Lloyds Bank & four flats in Camden, with potential to create further flats. Total rents £276,732.50 p.a., £706 per sq. ft.
SOLD £3.2m (5.0% NIY)
Lot 11 - Boots, Berkhamsted
Substantial Boots Chemist let at £169,950 p.a. until 2022 with future residential potential.
SOLD £4.56M (8.5% NIY)
Lot 14 – Parade of Shops, Pitsea
Unbroken parade comprising 13 shops, offices, 4 flats, 9 garages, 2 phones masts and car parking over 29,775 sq. ft. Total rent £415,717.70 p.a.
Retail - Added Value Opportunities
SOLD £1,7M (9.10% NIY)
Lot 26 – 1-7 High Street, Grays
Retail Parade comprising five shop units with upper parts, let at £164,285 p.a. Tenants include Subway, Paddy Power, Coral, Premier and Bonmarche.
SOLD £3.85M (6.3% NIY)
Lot 62 - Co-op, Shoreham-by-sea
Freehold Supermarket Investment let to Co-Operative Foodstores Limited until 2022 at £260,000 p.a.
Retail - High Street
SOLD £636,000 (4.7% NIY)
Lot 10 - Specsavers, Hinkley
Town centre Specsavers Opticians let at £31,500 p.a. until 2023.
SOLD £2.85m (6.5% NIY)
Lot 52 - B&M, Gravesend
Let to B&M Retail at £200,000 p.a. until 2031 with RPI linked rent reviews.
Retail - Convenience
SOLD £835,000 (5.6% NIY)
Lot 31 – Co-op, Neath
Co-Op convenience store with car park let until 2032 (no breaks) at £50,000 p.a. with RPI linked reviews.
SOLD £1.18m (5.4% NIY)
Lot 40 - Co-Op, Gateshead
Co-op convenience store let at £67,500 p.a. on a new 15 year lease.
Retail - Shopping Centres
SOLD £1.37M (30.0% NIY)
Lot 47 - Deiniol Shopping Centre, Bangor
Shopping Centre comprising 27 units. Tenants including Specsavers, Vodafone and Iceland. Total Rents £436,736 p.a.
SOLD £3.55m (14.0% NIY)
Lot 85 - College Walk Shopping Centre, Rotherham
Shopping Centre comprising 18 units. Tenants include Home Bargains, JD Sports, Warren James, Greggs, CeX, Subway, Coral and Ladbrokes. Total Rents £528,250 p.a.
SOLD £2M (£136 PSF)
Lot 17 – Woodingdean Business Park, Brighton
Modern multi-let office building arranged over 14,621 sq. ft. plus 60 parking spaces. Total rent £177,446 p.a.
SOLD £3.4M (9.1% NIY)
Lot 103 - Wolverhampton
Multi-let office with parking, extending to 41,874 sq. ft. Total rents £328,872 p.a.
SOLD £1.2M (6.9% NIY)
Lot 107 - Tufnell Distribution, Oldham
Distribution warehouse let to Tuffnells at £88,500 p.a. until 2023.
SOLD £640,000 (6.3% NIY)
Lot 53 – Queens Road, Great Yarmouth
Entirely let to Certas Energy UK Limited until 2032 (no breaks) at £42,500 p.a. with RPI linked reviews.
SOLD £2.6M (3.6% NIY)
Lot 79 - Iceland, London N1
Well located supermarket on Caledonian Road, let to Iceland at £100,000 p.a. until 2022.
SOLD £1.45M (4.9% NIY)
Lot 97 – Southfields, London SW18
Comprising a shop and one flat let to Boot UK Ltd at £74,600 p.a. and another flat let on an AST.
SOLD £985,000 (6.7% NIY)
Lot 15 – Pure Gym, Didcot
Town centre gym let to Pure Gym Limited on a new 15 year lease at £70,000 p.a. with RPI linked reviews.
SOLD £1.66M (5.7% NIY)
Lot 74 - JD Wetherspoon, Sutton Coldfield
Attractive J D Wetherspoon pub let at £100,000 p.a. until 2035.
SOLD £870,000 (5.7% NIY)
Lot 17 – Toolstation, Stockport
Let to Toolstation Ltd until 2029 at £52,000 p.a. with rent review in 2024.
SOLD £1.73M (4.5% NIY)
LOT 43 – NCP Car Park, Lincoln
Town centre car park with 46 spaces let to NCP Ltd at 83,720 p.a. with annual rental increases of 2.75%.
SOLD £2.575M (5.8% NIY)
Lot 20 - Travelodge, Sutton Coldfield
Attractive 58 bedroom roadside hotel let to Travelodge until 2035 (no breaks) at £160,722 p.a. with uncapped RPI reviews.
SOLD £1.4M (4.4% NIY)
Lot 184 - NCP Car Park, Crawley
Let to NCP on a new 35 year lease with annual RPI increase at £65,000 p.a.