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News
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November 2008
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Headquarters warehouse letting
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Acting as retained agents for a private investor client, in conjunction with Samuel Wood & Co, we have secured the letting of Nightingale House, Craven Arms, a 17,170 sq ft headquarters warehouse building on the Long Lane Industrial Estate, to Polymer Laboratories under a new 10 year lease at a commencement rental of £60,000 pa.
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November 2008
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Industrial Letting
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We have completed the letting of the third unit at The Glide, a new development of 5 high specification light industrial units situated on Moreton Business Park, adjacent to the A49 four miles to the north of Hereford. The 7,100 sq ft unit was let to Mediterranean Linens under a new lease for a term of 10 years on behalf of Greatwest 2003 Ltd.
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September 2008
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Retail Yields Holding Up
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Acting on behalf of property company clients we have just completed the sale of a unit in Nottingham Street, Melton Mowbray to private investors for £735,000 reflecting a net initial yield of 5.75%. The property comprises a mid terraced two storey building currently arranged as a ground floor shop together with ancillary staff and storage accommodation on one floor over, extending to 6,000 sq ft (557 sq m) or thereabouts. The unit is let on full repairing and insuring terms to Wilkinson Hardware Stores Ltd for a term of 25 years from March 1990 at a current rent of £44,600 pa reviewable in an upward only direction in March 2010.
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September 2008
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German Hotel Acquisition
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Acting on behalf of corporate clients we have recently acquired the Hotel Schloss Hubertshohe which is situated in the heart of the Brandenburg Lake District approximately 36 miles to the south east of Berlin city centre. The 25 bed boutique hotel has recently been included in Hideaway Hotels' 100 most beautiful hotels and resorts in the world.
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September 2008
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Market Town Retail and Residential Investment Acquisition
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Acting on behalf of a small property company we have recently acquired a mixed retail and residential investment in High Street, Tewkesbury for £325,000. The property comprises a vacant ground floor lock-up shop, which is currently undergoing refurbishment, with a small commercial laundry to the rear and two 1 bedroom flats on two floors over. Upon letting the ground floor shop the property will produce circa £35,200 pa providing an attractive return to the investor of well in excess of 10%.
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