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Nottingham
New West Chartered Surveyors, Nottingham acting on behalf of private vendor
clients, have sold the freehold interest for investment premises at 42
& 42A Gordon Road, West Bridgford, Nottingham.
The premises comprise a ground floor retail unit held on a lease to Blockbuster
on a 21-year lease from 20 March 1990 at £15,600 pax. The ground
floor sales area was 105 sq m (1,130 sq ft). The first and second floors
had just been vacated after 15 years as a Health & Beauty salon and
have just been placed under offer on a new lease at £6,000 pax.
The upper floors total 61 sq m (651 sq ft). The freehold was offered to
a number of investors at ‘offers over £295,000’ on a VAT
free basis and the agents revealed it was sold in excess of the quoting
price after competitive bidding. Fisher Hargreaves Proctor secured the
purchase on behalf of Mansfield Road Properties.
Boston
New West Chartered Surveyors, Nottingham have secured the acquisition
of retail premises within Exchange Buildings fronting Market Place in
Boston following a Licence Appeal. The renowned QC, Sir Richard Beckett
was able to overturn the original refusal for a licence by the Magistrates
thereby satisfying the final piece of the
jigsaw in the Agreement
to Lease negotiations.
New West were able to secure terms with Gadbrook Estates and their agents,
Lambert Smith Hampton, allowing for a new 15-year lease with five-year
rent reviews and a tenants break option in the tenth year. The premises
were marketed at £25,000 pax.
The new tenant is Lincs Racing.
Worcester
Napiers Herbal Healthcare Ltd (trading as Culpeper) have acquired 54.3
sq m (585 sq ft) of ground floor sales, with storage at Unit C32 Chapel
Walk, Crowngate Shopping Centre, Worcester by way of a new 10-year fri
lease, with a review and break at the expiration of year five.
The initial rent is £37,000 pax.
Williams Gunter Hardwick represented Napiers, whilst the landlord, The
Crown Estate, was represented by CB Richard Ellis.
Derby
Acting on behalf of Clowes Developments, Fisher Hargreaves Proctor have
let 47 Queen Street, Derby to Bang & Olfusen.
The premises comprise 315 sq m (3,400 sq ft) and are let on fri terms
at £35,000 pa.
