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News
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November 2011
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Freehold Industrial Investment Acquisition
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Acting on behalf of private investor clients, we have recently completed the acquisition of an industrial investment on Tameside Park, Perry Barr, Birmingham. The property, which comprises a new unit of 4,000 sq ft, is let to Nationwide Autocentres Ltd for a term of 15 years at an initial rent of £40,000 per annum rising via fixed uplifts at years 5 and 10.
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September 2011
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Retail Letting
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Acting on behalf of property company clients, we have recently completed an agreement for lease in respect of 106 High Street, Worcester. Following completion of various landlord's works, ASK Restaurants Ltd will enter into a lease for 25 years at an initial rental of £72,000 per annum.
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August 2011
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Freehold Retail Property Disposal
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Acting on behalf of the Administrator, we have recently completed the sale of a freehold retail unit in High Street, Worcester for an undisclosed sum. The property comprises 680 sq ft of ground floor sales together with 820 sq ft of sales and staff accommodation on one floor over.
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July 2011
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Freehold Retail and Office Investment Disposal
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Acting on behalf of property company clients, we have recently completed the sale of a freehold retail and office investment in Mealcheapen Street, Worcester at a figure of £1,050,000. The property comprises three retail units on the ground floor producing an annual rental income of £66,250. On three floors over are vacant offices which have the benefit of planning permission for conversion to 30 student accommodation units.
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May 2011
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Freehold Industrial Investment Acquisition
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Acting on behalf of family trust cients, we have recently completed the acquisition of a freehold industrial investment at Caxton Business Park, Crown Way, Bristol. The property, which extends in total to 9,690 sq ft on a site of approximately 1 acre, is let to Royal Mail Group Ltd for 20 years from 25th March 2002 at a current rent of £76,853 per annum.
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