Capital Markets
Leading the way in transactional services.
Overview
Our Capital Markets team buy and sell across the whole spectrum of the commercial property market throughout the country, from standing investments through to the funding of large development schemes. They act for both in-house clients and out-of-house clients and are constantly active in the market. They are a highly experienced team and over the last 18 months have been involved with some of the most prestigious industrial development schemes in London and the South East. They have also disposed of offices as far apart as the City of London and Glasgow.
Latest Projects
ROEBUCK STREET, WEST BROMWICH
ROEBUCK STREET, WEST BROMWICH, B70 6RB
Adjacent to J1 of the M5
Industrial/warehouse building
86,484 sq ft
Let to CHEP UK Ltd for 5 years
Passing rent of £691,712 per annum reflecting £8 psf
Low capital value of £100 psf
Offers invited in the region of £8,650,000
Reflecting a net yield of 7.50% after purchaser’s costs of 6.68%
Roebuck Street, West Brom Brochure
If you require any further information please do not hesitate to contact:
Paul Morris FRICS email: pmm@fletcherking.co.uk
Geoff Egan email: ge@fletcherking.co.uk
CASTLEGATE RETAIL PARK, HUDDERSFIELD, HD1 5AN
Prime Retail Park Investment
- Freehold
- Located within walking distance of town centre
- 20,037 sq ft (GIA)
Multi let to six secure tenants
Passing rent of £191,483 rising to £212,150 per annum
WAULT to breaks 4.8 years and to expiry 7.6 years
Reflecting net initial yield of 8.50% rising to 9.40% after purchasers costs of 6.36%.
We are instructed to seek offers in excess of £2,120,000 (Two Million One Hundred and Twenty Thousand Pounds).
For full details please download the brochure.
If you require any further information please do not hesitate to contact:
Paul Morris FRICS email: pmm@fletcherking.co.uk
Geoff Egan email: ge@fletcherking.co.uk
4 City Road, EC1Y 2AA
Freehold Vacant Office Opportunity
4 City Road, London, EC1Y 2A
Freehold.
The rear of the property benefits from terraces which overlook the HAC ground.
Approximately 721.21sq m (7,763 sq f) of office and ancillary accommodation arranged over lower ground, ground and five upper floors.
The property is currently vacant.
Offers in excess of £6,250,000 for the Freehold interest.
A purchase at this level reflects a low capital value of £805 per sq ft.
For full details please download the brochure: 4 City Road Brochure
If you require any further information please do not hesitate to contact:
Paul Morris FRICS email: pmm@fletcherking.co.uk
Geoff Egan email: ge@fletcherking.co.uk
4/8 MAIDENHEAD STREET, HERTFORD
PRIME RETAIL INVESTMENT
- An affluent country town located in Hertfordshire
- Mixed use end terrace building on the prime trading pitch
- Planning permission submitted to create 3 further 2 bed flats
- Current passing rent of £69,420 per annum
- WAULT of 4.79 years to break on retail element
- Offers are invited in excess of £850,000
- The reflects a net initial yield of 7.74% after purchasers costs of 5.56%
Sold 2022
Botolph Lane, EC3
PRIME CITY OFFICE INVESTMENT
36-38 BOTOLPH LANE, CITY OF LONDON, EC3R 8DE
Freehold, multi-let building located in the heart of EC3
13,386 sq ft
Offers invited in excess of £11,626,000
Reflecting net initial yield of 5.50% after purchasers costs of 6.71% and capital value of £869 psf
The property provides refurbished office space over lower ground, ground and 5 upper floors.
For full details please download the brochure: Botolph Lane Property Brochure
If you require any further information please do not hesitate to contact:
Paul Morris FRICS (020 7458 0645) email: pmm@fletcherking.co.uk
Geoff Egan (0207 458 0654) email: ge@fletcherking.co.uk
Sale, Manchester Purchase
We are delighted to complete the purchase of the Peugeot & Citroen dealership in Sale, Manchester, for £5.75M on behalf of Lidl.
Pleasure working with Matt Joyce and Harry Fell who acted for CBREIM.
14 Harley Street Freehold – SOLD
- A Fantastic Prime West End building situated within the world renowned Harley Street Medical Area
- Rare Freehold
- Offer in excess of £7,000,000
- For further information, please contact Paul Morris (020 7458 0645)
NHS CORNWALL INTEGRATED COOK AND CHILL FOOD PRODUCTION UNIT, REDRUTH, CORNWALL
- Purpose built cook and chill food production unit located 1 mile south west of Redruth Town Centre and 1.3 miles south west of the A30 (Avers Junction), the major arterial road through Cornwall
- The property totals 24,144 sq ft (GIA) and has a site area of approximately 1.66 acres (0.67 ha), providing an overall site coverage of 20%
- Let to Royal Cornwall Hospitals NHS Trust for a term of 25 years commencing on 15 February 2008 (unexpired term of 12.6 years)
- The property has a net rent of £479,648 per annum
- Annual RPI increases with no cap or collar. The annual RPI increase is agreed in February and the new rent becomes effective on 1st April each year
- Freehold
- Price on Application
For further information, please contact Paul Morris (07771 816347)
105A Northbrook Street, Newbury
A retail unit on a prime trading pitch within the town.
Let to Holland & Barrett, who have been in occupation for over 30 years.
The property had a passing rent of £65,000 per annum and provided an unexpired lease term of circa 2.5 years.
Sold to Beeline Properties Ltd
For further information, please contact Paul Morris (07771 816347)
Jersey Bowl, Jersey
Jersey Bowl is the island’s only indoor tenpin bowling centre.
Well located in St Peter Jersey, in close proximity to Jersey Airport.
Sold to the tenant, MFA Bowl.
For further information, please contact Paul Morris (07771 816347)
Crammond Park, Harlow
- Multi-let industrial estate comprising 4 units, providing a total of 62,890 sq ft (5,843 sq m)
- An established industrial location with nearby occupiers such as GSK, Brakes and Clipper Logistics
- Unit sizes varying from 12,843 sq ft – 17,468 sq ft
- Fully let
- Total Rent – £430,776 / £6.85 per sq ft overall
- Freehold
- The property was sold to Marchmont Investment Management
For further information, please contact Paul Morris (020 7458 0645)
Hatch Industrial Estate, Basingstoke
- Multi-let industrial estate comprising 9 units, providing a total of 96,989 sq ft (9,011 sq m)
- Prominently located adjacent to the M3 Motorway
- Unit sizes varying from 5,342 sq ft – 31,238 sq ft
- Low vacancy rate of 6%
- Total Rent – *£842,464 / £8.69 per sq ft overall (*Including rental guarantees)
- Opportunities to add value through active asset management
- Freehold
- Sold to DTZ Investors
For further Information, please contact Paul Morris (07771 816347)
27 South Street, Chichester – SOLD
- Located in Chichester, an affluent historic cathedral city on the south coast of England
- The property is positioned on a key pedestrian route from the Station to the Town Centre
- Let to Pizza Express (Restaurants) Limited until 24 March 2022
- Current net rent of £88,875 per annum
- Gross Internal Area (net of stairs) – 4,860 sq ft
Orpington Gateway, Orpington
- Prime, newly developed industrial estate
- Situated in a prominent position in Woking’s principal industrial area
- Development completed on 5th February 2017 by Goya
- The scheme comprises six industrial units totalling 76,780 sq ft GEA
- Pre-lettings of 50% of the estate on 10-year leases on 3 units
- Actual and estimated rental income after rent frees of £992,326 p.a. exclusive reflecting £12.92 psf overall
- Sold to Royal London
For further information, please contact Paul Morris (020 7458 0645)
Hilldane Portfolio – SOLD
- 8 freehold Multi-let industrial estates
- Freehold
- 84 units with 63 tenancies providing 239,753 sq ft (GIA) of industrial accommodation
- The portfolio provided an annual rent roll of £1,308,553 per annum
- Offers were sought in excess of £17,520,000 equating to a net initial yield of 7.00% (subject to contract and exclusive of VAT).
- Sold to IOAM ltd
Rheidol Retail Park, Aberystwyth
- Rheidol Retail Park is situated south of Aberystwyth town centre and is one of the three retail parks that make up the retail warehouse offer for the town
- The estate comprises 5 retail warehouse units, let to Argos, Iceland Foods, Lidl and Mountain Warehouse with one vacant unit
- Freehold
- The Park totals 40,692 sq ft (GIA)with a rent roll of £401,510 per annum (£9.87 per sq ft)
- Off market disposal – Sold to a Private Investor
Unit 1, Exeter International Office Park, Exeter
- Modern purpose built 2 storey office building with generous car parking provision
- Located on an established Out-of-Town Business Park
- The property totals 1,229 sq m (13,228 sq ft) NIA
- Let to 2 separate tenants – NHS and Flybe
- Low base rent of £184,769 per annum equating to only £13.97 per sq ft.
- Offers were sought in excess of £2,200,000 equating to a net initial yield of 7.90% (subject to contract and exclusive of VAT)
- Sold to Epic Staunton LLP
For further information, please contact Paul Morris (020 7458 0645)
43 Essex Street, London – SOLD
- Attractive office building with a striking Edwardian façade property over basement, ground and four upper floors
- Single-let office with a net internal area of 1,855 sq ft
- Located in Midtown, south of the Strand and directly opposite the Royal Courts of Justice
- Tenure – Leasehold (at a peppercorn) providing an unexpired term of 84 years
- Total passing rent of £77,500 per annum equating to £41.78 psf
- Offers were sought in excess of £1,535,000 equating to a net initial yield of 4.75%
- Sold to Gascoyne Holdings Ltd
36 – 38 Botolph Lane, London
- City of London office building
- NIA of 12,511 sq ft spread over lower ground, ground and five upper floors
- Multi-let to 7 tenants on leases contracted Outside the L&T Act 1954
- passing rent of £313,538 per annum equating to £25.06 psf
- Active asset management opportunities to enhance value including opportunity to undertake a full refurbishment / redevelopment
- Purchased on behalf of a Private Consortium
For further information, please contact Paul Morris (020 7458 0645)
44-46 Sekforde Street, London
- Freehold office building in the heart of Clerkenwell
- NIA of 6,619 sq ft spread over lower ground, ground and three upper floors
- The property was Single let to Henri-Lloyd Limited at a rent of £250,000 per annum equating to £37.77 psf
- Active asset management opportunities to enhance value including opportunity to undertake a full refurbishment / redevelopment to increase massing of the building
- Purchased on behalf of Private Consortium
13 Austin Friars, London
- Freehold fully let office building, located in the heart of the City of London in the traditional financial core
- Total net internal area of 8,887 sq ft (826 sq m) with typical floor plates sizes being approximately 1,600 sq ft (149 sq m)
- Numerous asset management opportunities to increase massing and floor areas through reconfiguration or redevelopment of the existing floorspace
- Total passing rent of £401,132 per annum equating to approximately £45.14 per sq ft overall
- Offers were sought in excess of £7,520,000 equating to a net initial yield of 5.00% subject to contract and exclusive of VAT).
- Purchased on behalf of a Private Propco
Fairacres Industrial Estate, Windsor
- A single warehouse with ancillary space split into 6 units totalling 18,637 sq ft
- Fully let to 4 tenants
- All leases are excluded from the security of tenure of the 1954 Act
- Passing rent of £106,085 reflecting £5.78 psf
- Freehold
- Offers were sought in excess of £2,000,000 equating to a net initial yield of 5.00% subject to contract and exclusive of VAT).
- Purchased on behalf of Petchey Holdings Ltd
Colmworth Trade Park, St Neots
- Colmworth Trade Park is a modern high-grade Trade Counter Scheme, prominently located adjacent to the A1 and A428 interchange
- A single terrace of purpose-built industrial trade counter units extending to approximately 20,164 sq ft (1,873 sq m)
- There are 6 units let to 5 different tenants with a WAULT of 3.61 years to break/4.88 to expiry
- Rental income of £196,597 per annum, providing an average rent of £9.75 per sq ft
- Sold to South Cambridgeshire District Council
75 – 78 Woodbridge Road, Guildford
- A retail parade of 4 units with a total net internal floor area of 3,890 sq ft (361 sq m).
Located on the edge of Guildford Town Centre, the retail element is fully let to 4 different tenants and has a passing rent of £109,000 per annum equating to £28.02 per sq ft.
In addition, 14 Flats have been sold off on 125-year leases producing a ground rent of £2,700 per annum.
The property was sold to The Harkalm Group
73-75 High Street, King’s Lynn
- Prominently located on the prime retail pitch of Kings Lynn
- Let to Bon Marche and Accessorize Monsoon
- Net internal area of 11,964 sq ft
- Total passing rent of £141,500 equating to an average of £64.20 Zone A
- Offers are sought in excess of £1,335,000 equating to a net initial yield of 10.00% (subject to contract and exclusive of VAT)
For further Information, please contact Paul Morris (020 7458 0645)
Leatherhead Trade Park, Leatherhead
- Modern trade park consisting of 8 units with 7 tenancies totalling 48,415 sq. ft.
- Let to strong covenants such as Magnet and Screwfix
- Total rent of £514,267 per annum which reflects a low average rent of £9.78 per sq. ft.
- Freehold
- Offers were sought in excess of £8,750,000 equating to a net initial yield of 5.50% (subject to contract and exclusive of VAT)
- Purchased on behalf of M&G
For further information, please contact Paul Morris (020 7458 0645)
The ITB Portfolio
- 5 multi-let industrial estates spread over South West England & Wales.
- The portfolio comprised 68 units totalling 316,103 sq ft GIA
- Freehold
- The portfolio provided an annual rent roll of £1,617,998 per annum exclusive, reflecting £5.12 per sq ft overall (GIA)
- Sold to Zurich Assurance