Recent Sales Transactions
11C WATER LANE, WILMSLOW
Retail investment purchased for private pension fund for £372,500, reflecting an initial yield of 6.45% based on the topped up rent of £25,000 pa. The unit is let to Space NK Limited for another 4.75 years.
41-42 TEMPLE STREET, BIRMINGHAM
Birmingham city centre freehold offering refurbishment/redevelopment opportunity sold for private trust client in excess of the asking price of £1.4m.
COPELAND STREET, DERBY
Leisure investment purchased for private property company for £1.225m. The property was let as a play centre producing £155,500 pa with mainly 14.5 years to expiry and the purchase reflected a yield of 12%.
34-36 BENNETTS HILL & 38 WATERLOO ST, BIRMINGHAM
Prime office/retail property sold jointly with Knight Frank for family trust & property company clients for £3.275m, reflecting a yield of 5.79% initial. The property comprises 10,817 sq ft and is multi-let producing £210,910 pa.
UNIT D, TENTH AVENUE, DEESIDE INDUSTRIAL ESTATE
Industrial investment purchased for private property company client for £745,000, reflecting a yield of 6.37%. The property is let to Ice and Easy Ltd with a guarantee from Iceland Foods until May 2026.