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Current Sales

Please view our current properties below. A downladable PDF is available by following the link where applicable.

32-36 Castle Street, Hinckley, LE10 1DB

under offer

The property is located in the prime retail pitch of Hinckley town centre.  The property comprises a 19,927 retail unit arranged over ground floor sales and two upper floors of ancillary accommodation.  The property is let to B&M Retail until December 2023 at a rent of £117,000 per annum which reflects a low rent of £5.87 per sq.ft.  Offers sought in excess of £1,225,000 which reflects a net initial yield of 9.00%.

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Unit 9, Mitchell Court, Castle Mound Way, Rugby, CV23 0UY

The property is located on an established business park 2.8 miles north of Rugby town centre and adjacent to J1 of M6.  The property comprises a modern detached office building extending to 9,996 sq.ft over three storeys with 40 allocated car parking spaces.  Let to the strong covenant of FLSmidth (UK) Ltd on a 10 year lease expiring June 2024 providing an unbroken term of 5.75 years.  Passing rent of £115,805 per annum reflecting a low £11.50 per sq.ft.  Offers sought in excess of £1,325,000 reflecting an attractive net initial yield of 8.24% and a capital value of only £132.55 per sq.ft.

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Prime South East Multi-let Industrial Investment – Nimbus Park & 10/10a Foster Avenue, Dunstable

under offer

The properties are excellently located within the established industrial area of Woodside Estate, Dunstable.  Nimbus Park us a modern 8 unit industrial estate totalling 12,922.98 sq.m (139,103 sq.ft) and 10/10a Foster Avenue is a modern semi-detached unit totalling 1,731.60 sq.m (18,639 sq.ft).  Fully let producing a total income of £1,133,484 per annum, equating to a low average rent of £7.19 per sq.ft.  WAULT to breaks 4.96 years and 7.54 years to expiries.  Significant reversionary potential as referenced by the latest letting on the park on Unit 5 at an overall rent of £9.69 per sq.ft.  Both properties are held freehold.  Offers sought in excess of £21,236,000 which reflects a net initial yield of 5.00% and a reversionary yield of 6.23%, assuming costs of purchase of 6.75%.

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Well Let Residential Investment Portfolio – Wolverhampton

The portfolio comprises three licenced residential HMO investment properties, all located on the western edge of Wolverhampton city centre.  The properties are in close proximity to Chapel Ash local amenities, Marston’s Brewery HQ and Wolverhampton University.  18 rooms in total.  Excellent occupational history with many tenants long term residents.  Current net rental income, after operational expenses, of £60,810 per annum.  Offers are sought in excess of £600,000 representing an attractive net initial yield of 9.65%.

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2010, 2020, 2030, 2040 and 2050, Birmingham Business Park, The Crescent, Birmingham, B37 7YS

The property comprises four office buildings located on the Midland’s premier business park.  The property has a total area of 47,203 sq.ft with an excellent parking ratio of 1:189 sq.ft.  Three of the buildings have been refurbished to a very high standard.  Total rental income £817,793 per annum (average passing rent is only £16.96 per sq.ft).  The property has considerable asset management opportunities.  Offers sought in excess of £9,300,000 which reflects a net initial yield of 8.24% and a low underlying capital value of £197 per sq.ft, assuming purchaser’s costs of 6.69%.

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15 Market Square, Witney, OX28 6AB

The property is located in the prime retail pitch in Witney adjacent to the Woolgate Shopping Centre.  The property comprises an attractive Grade II listed building with ground floor sales and storage and two upper floors of ancillary accommodation extending to a total of 3,226 sq.ft.  The property is let to Midland Leisure International Ltd until April 2028.  Current rent passing £69,005 per annum with a fixed increase to £76,187 per annum or open market value, whichever is higher, in 2023.  Offers sought in excess of £932,500 which reflects a net initial yield of 7.0% with a minimum reversion to 7.73% in 2023.

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Guildhall Buildings, Navigation Street, Pinfold Street & Stephenson Street, Birmingham, B2 4BT

The property is located at the heart of Birmingham’s gateway adjacent to both Birmingham New Street and the Metro tram extension as well as being in close proximity to New Street’s prime retail pitch.  The property comprises a substantial period building extending to 32,442 sq.ft across basement, ground floor retail and four upper floors of office accommodation.  5,254 sq.ft of vacant accommodation with a WAULT of 4.07 years to expiry and 3.23 years to break.  Initial income £875,000 per annum.  Reversionary potential of £975,000 per annum on letting the vacant space.  Offers sought in excess of £12,330,000 which reflect a net initial yield of 6.65% and a reversionary yield of 7.41%.

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Hill Court Shopping Centre, High Street, Paulton, Bath, BS39 7QC

under offer

The property comprises a multi-let neighbourhood shopping scheme with car parks to the front and rear of the property.  The property comprises seven retail units totalling 8,655 sq.ft with four, two bed flats above.  Total passing rent of £116,090 per annum.  47% of the income is secured to Radstock Co-operative Society Ltd for 15 years.  WAULT of over 10 years to breaks.  Asset management angles with existing tenants.  Offers sought in excess of £1,500,000 which reflects a net initial yield of 7.29%.

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63 Church Street, Birmingham, B3 2DP

sold

The property comprises a refurbished multi-let office building in Birmingham’s central office core.  16,111 sq.ft in total providing suites from 850-3,645 sq.ft.  Fully let with a WAULT of 6.4 years to expiries and 3.5 years to breaks.  Current income £311,238 per annum.  Held long leasehold for a term of 125 years with a current ground rent of £20,713 per annum.  Offers sought in excess of £3,635,000 which reflects a net initial yield of 7.5% and a low underlying capital value of £225 per sq.ft.

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Screwfix, Ripon Road Industrial Estate, Ripon Way, Harrogate, HG1 2AU

sold

The property is located one mile north-west of Harrogate town centre on A61 Ripon Road.  The property comprises an end of terrace trade counter unit of 12,043 sq.ft.  Let to Screwfix Direct Ltd for a term of 10 years from 28 June 2012.  Rent £67,000 per annum.  Offers sought in excess of £905,000 which reflects a net initial yield of 7.0%, assuming purchaser’s costs of 5.68%.

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