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Showcase Investment Property
 
2nd February 2012
Hello $$firstname$$
This week's email comprises 9 new investment properties while the price has been reduced for Italy, Valenza – La Volglina, Strada Alessandria see below for details

To access all recently marketed investment property click here

To use Showcase Investment Listings to market your property sales to 18,000 potential buyers call Richard Goff 0207 009 2875 or email rgoff@costar.co.uk
 
Investment Property
ASHTON U LYNE – Portland Mill
*Mixed use building - excellent asset management opportunity*
Traditional 5 storey mill built in the 19th Century (not listed)
Multi-let – see property details for full schedule
Offers in excess of £900,000 Net Initial Yield: 9.25%
Agent: JBH Property Consulting
 
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BASILDON – Paycocke Road
*Established industrial location – dilapidations to claim*
36,000 sq ft warehouse plus parking
Let to Pilkington, not in occupation, until December 2014
Dilapidations estimated at £1,500,000
Price: Offers in excess of £2,250,000 NIY 6.8%
Agent: Suttons Commercial
 
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GREAT BOOKHAM NEAR LEATHERHEAD – KT23 4RQ
*Freehold investment - offering future development potential*
Motorcycle showroom with forecourt sales to the front and workshop to the rear
Let on three separate leases, see details for further information
Price: £675,000 Net Initial Yield: 7.56%
Agent: Hurst Warne
 
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HASTINGS – 2 York Buildings, Wellington Place
*Retail investment – tenant has ‘A very low risk’ rating*
Mid-terraced building, ground floor used for retail with 3 upper
floors of ancillary accommodation. Lapsed planning consent for
the conversion of upper parts to residential
Let to Kids Stuff Limited until August ‘19 (tenants break in ‘14)
Price: £170,000 Net Initial Yield: 9.83%
Agent: Cooper Chen
 
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KINGSTON-UPON-THAMES – 167/181 Clarence Street
*Prominent unbroken parade in the heart of affluent Kingston*
Block of 5 ground floor retail units with three upper floors of 64 student studio apartments (upper floors to be sold off)
Average unexpired lease profile to tenant break of 6.8 years and in excess of 10 years to expiry – see details for full info.
Offers in excess of £4,360,000 Net Initial Yield: 7.5%
Agent: Jackson Criss
 
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LONDONDERRY – Sainsbury's, Strand Road
*Prime freehold food store investment – c. 13 yrs. unexpired*
Food store comprising 70,973 sq ft on a site of 7.47 acres together with 579 car parking surfaces
Let to Sainsbury's Supermarkets Ltd until Dec. '24,
10,050 sq ft sub-let to AIB Group (UK) Plc. Including an additional development site comprising 0.65 Acres
Price: £19,400,000 Net Initial Yield: 5.36%
Agent: Lisney
 
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LONDON N17 – 549 High Road
*With planning permission for residential conversion of uppers*
Three storey building providing banking hall on the ground floor with self-contained office accommodation on 1st & 2nd floors.
The upper 2 floors have planning for conversion to 3 x 1 bed & 3 x 2 bed self contained flats
Ground floor let to Barclays Bank Plc until July '26, 1st & 2nd floor offices let to D H Smith t/a Fairbairn Smith & Co Solicitors until March '15
Price: Offers in excess of £850,000 Net Initial Yield: 5.4%
Agent: Suttons Commercial
 
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STROUD – 18 King Street
*Nearby occupiers include W H Smith, Nationwide & Halfords*
Ground floor banking hall with 1st floor offices and store rooms and 2nd floor staff/store rooms
Let to Barclays Bank Plc until April '27
Price: Offers in excess of £700,000 Net Initial Yield: 5.4%
Agent: Suttons Commercial
 
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WIRRAL – Bromborough Point, Wirral Int. Business Park
*Prominent trade, showroom & warehouse investment*
Situated in an established busy commercial area, 5 units
totalling 132,226 sq ft
Let to 3 tenants expiring in 2015 to 2021
Current passing rental of £325,604 pa
Offers in the region of £2,200,000 reflecting a net initial yield
of 14%and a price of £16.64 psf
Agent: B8 Real Estate Joint Agent: Legat Owen
 
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Price Reduction
Overseas Property – Hotel/Leisure Development Opportunity
ITALY, VALENZA – La Volglina, Strada Alessandria 30
*With hotel planning & residential development potential*
Grand Country House set in 55 acres of land. The building is of high architectural standing and is made up of several blocks and has 62 rooms.
The building has planning for hotel, spa, residences and restaurants.
10 acres of land have residential use planning, the number of units subject to planning
Price: €8,300,000
Agent: Suttons Commercial
 
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Last Week's Properties
BLACKPOOL – 72 Church Street
Prime pedestrianised location – diagonally opposite M&S*
3 storey building providing retail on ground floor
Let to Greggs Plc until March ‘15
Price: £975,000 Net Initial Yield: 6.4%
Agent: Suttons Commercial
 
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HORSHAM – Units A–C, Foundry Lane
*South–East multi let industrial investment*
Comprising three units totalling 6,892 sq m (74,187 sq ft)
Let to 3 tenants proving an average weighted unexpired term of
7.1 years to lease expires
Current passing rent of £541,250pa.
Town centre location with long term redevelopment potential –
subject to planning.
Offers in excess of £5,386,000, reflecting a net initial yield: 9.5%
Agent: Strutt & Parker
 
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NORTHAMPTON – ND House, Lodge Farm Industrial Estate
*HQ Offices – 9+ year unbroken term – 15% site cover*
Refurbished two storey freehold offices (and separate training
centre) – 146 car parking spaces (1:183 sq ft)
Let to Norbert Dentressangle Logistics Ltd with a Guarantee
from Norbert Dentressangle Logistics SAS, expiring May 2021
(no breaks) with upward only OMRV review May 2016.
Price: £1.75m Net Initial Yield: 8.8% Reversionary Yield: 9.45%
Agent: D&P Klein Joint Agent: Budworth Hardcastle
 
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NORTH SHIELDS – Units D1 & D2, Tyne Tunnel Trading Est
*Good quality, well located industrial investment*
Recently refurbished industrial unit – 1,098 sq m (11,819 sq ft)
Let to North East Brewing Company (trading as Mordue
Brewery) until Nov. '24 with RPI increases.
Offers of £430,000 NIY:10% Reversionary Yield: 12.2 % (Nov.'14)
Agent: WHR Property
 
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TRAFFORD PARK – CCF Limited, Unit B Guinness Circle
*Prime Trafford Park Industrial Investment*
Modern detached industrial unit with 2 storey office & storage
low site coverage of approx. 35%
Let to CCF Limited (subsidiary of Travis Perkins),since
construction – lease expiring June ‘21
Price: Offers in the region of £1,700,000 Net Initial Yield: 8.25%
Agent: WHR
 
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OLDBURY – Npower, Birchfield House, Birchley Park
*Well secured, strategically located, prime office investment*
High quality building comprising 1,537 sq m (16,540 sq ft) on
ground & first floors together with 80 marked car spaces
Let to Npower Ltd by way a lease and reversionary lease
expiring on Dec. '17 guarantee provided by International Power
Plc and RWE Npower Plc
Price: Offers in the region of £2,800,000 Net Initial Yield: 8.1%
Agent: Ramsdens
 
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PAIGNTON – Pembroke House, 266–276 Torquay Road
*Prominently located mixed use building in established location*
60% of the income derived from Tesco Stores Ltd with c.11.5
years unexpired, 34% of the income derived from Day Lewis
Chemists Ltd with over 12 years unexpired.
All the income is RPI linked and uncapped
Substantial Capital Allowances available
Price: Offers in the region of £1,700,000 Net Initial Yield: 6.62%
Agent: Alder King
 
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SCARBOROUGH – 40 St. Nicholas St. / 14 Newborough St.
*Freehold bank investment–Prominent location–SPV Available*
Ground floor banking hall with office/ancillary accommodation
on 1st, 2nd & 3rd floors & basement
Let to Barclays Bank Plc until April ‘26
Price: Offers in excess of £1,200,000 Net Initial Yield: 5.8%
Agent: Suttons Commercial
 
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Contents
Investment Listings
Investment Property
Price Reduction
Last Weeks Properties
Property Related Websites
Propex Portal
Costar Group
Shopproperty
FOCUS
 
 
 
 
 
 
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