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Current Sales

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

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 for a further 10 years.  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 £1,000,000 which reflects a net initial yield of 6.5% with a minimum reversion to 7.18% in 2023.

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Unit J, Key Industrial Park, Wednesfield, WV13 3YA

The property is located in an established industrial and trade counter area 2.5 miles east of Wolverhampton city centre and 4.5 miles from J10 of M6.  The property comprises a modern end terrace industrial unit extending to 11,052 sq.ft.  Let to HPAS t/a Safestyle UK on a new 10 year lease.  Rent £60,967 per annum (£5.49 per sq.ft).  Offers sought in excess of £885,000 per annum which reflects a net initial yield of 6.52%, assuming purchaser’s costs of 5.66%.

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TJ Vickers & Sons, Knights Way, Battlefield Enterprise Park, Shrewsbury, SY1 3AB

The property comprises a modern car dealership investment situated on Battlefield Enterprise Park in Shrewsbury.  The property extends to 16,770 sq.ft on a site of 1.01 acres.  Let to TJ Vickers & Sons Ltd until 30 September 2030 (tenant break 30 September 2025).  Low passing rent of £120,000 per annum.  Rent reviews 5 yearly to the higher of open market value or compounded RPI, collared at 2% and capped at 4% per annum. Offers sought in excess of £1,675,000 which reflects a net initial yield of 6.75%.

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

under offer

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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Senate House, Eturia Road, Hanley, Stoke on Trent, ST1 5NS

under offer

The property is prominently located at the junction of A53 and Eturia Road in the established prime retail warehousing location of Stoke on Trent.  The property comprises a 15,035 sq.ft ‘bulky goods’ retail warehouse let on a 10 year lease from 1 March 2012 to SMS Furniture Ltd.  The current rent is £100,000 per annum which reflects a low rent of £6.65 per sq.ft.  There is an outstanding rent review with a minimum fixed increase of £116,000 per annum.  Offers sought in excess of £1,180,000 which reflects a net initial yield of 8.0% and a minimum reversion to 9.28% on settlement of the outstanding review.

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The Crystal Centre Retail Park, Platts Road, Stourbridge, DY8 4AJ

sold

The property comprises a modern terrace of 5 retail warehouse units totalling 14,987 sq.ft.  The scheme is highly prominent and is located at the junction of Platts Road and the busy A491 Audnam High Street, one of the main arterial routes into Stourbridge and benefitting from 23,359 car movements daily.  The property is fully let to 5 strong covenants including Tesco, Halfords, Bathstore, Pizza Hut, and KFC with an attractive WAULT of 4.11 years term certain.  The total rental income is £213,422 per annum.  79% of the rental income is secured against tenants with a D&B rating of 5A1.  Offers sought in excess of £2,430,000 which reflects an attractive net initial yield of 8.25%, after purchaser’s costs of 6.37%.

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Harcourt Trading Estate, Halesfield 13, Telford, TF7 4PL

sold

The property is located on Halesfield Industrial Estate and comprises a multi let industrial estate arranged in two terraces.  The property extends to 10 units totalling 67,300 sq.ft.  The property is fully let to seven tenants with a WAULT of 3.09 years to breaks and 4.98 years to expiries.  Total income of £198,602 per annum (low average rent of £2.95 per sq.ft).  Offers sought in excess of £2,334,000 which reflects a net initial yield of 8.00%, a reversionary yield of 9.50% and an underlying capital value of only £34.68 per sq.ft.

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McDonald’s Drive Thru, Kingston Shopping Centre, Holderness Road, Hull, HU9 2AA

sold

The property is prominently located on Holderness Road on the edge of Hull town centre and forms part of the Kingston Shopping Centre.  The property comprises a modern McDonald’s Drive Thru restaurant with a 24 hour licence.  The property is let to McDonald’s Restaurants Ltd for over 7 years at a rent of £74,640 per annum (low rent of £24.00 per sq.ft).  Offers sought in excess of £1,280,000 which reflects a net initial yield of 5.50%.

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2 Barnsdale Court, Barnsdale Way, Grove Park, Leicester, LE19 1SN

sold

The property is located on Grove Park, the premier office and business park in the East Midlands.  The property comprises a modern two story office building built in 2005 and extending to 2,106 sq.ft.  The property is let to My Home Move Ltd for a term of 5 years with effect from 7 October 2016.  The lease is held on FRI terms and the current passing rent is £33,600 per annum (£15.95 per sq.ft).  Offers sought in excess of £490,000 which reflects a net initial yield of 6.55%, assuming costs of purchase of 4.74%.

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