Phillips Sutton have successfully concluded the re gear of a substantial lease on behalf of a private property company. The lease on the 55,000 sq ft warehouse was restructured to the benefit of both parties, providing flexibility to the tenant whilst obtaining a rental increase of over 12% in favour of the...
Phillips Sutton successfully disposed of a vacant freehold office in Leamington Spa on behalf of Charles Church Developments. The office on Tancred Close, Jephson Court, extended to 5,900 sq ft and was sold within 1 week of the property being marketed. The office building was purchased by a private investor for...
Acting jointly with Darby Keye Property and Harris Lamb, Phillips Sutton have let Unit 1 Maple Leaf Industrial Estate, in Walsall to local occupier Event Hire UK. Acting on behalf of IO Asset Management, the 27,488 sq ft unit was on a 5 year lease at a rent of £110,000 per...
Acting on behalf of a London based property company, Phillips Sutton have advised on the acquisition of a single let industrial warehouse investment in Aylesbury. The 33,281 sq ft warehouse is let to ATG Training on a lease expiring in July 2023 at a rent of £195,000 per annum. The investment was purchased from the receivers for a price of £2 million which reflected a NIY of 9.21%. BNP advised the...
Acting on behalf of M7 Real Estate, Phillips Sutton have advised on the acquisition of a mixed use office and retail investment in Nottingham City Centre. The mixed use block produces an income of £569,197 and is let to Tesco until 2023 and benefits from open RPI rent reviews, whilst the offices are let to an NHS Surgery for a further 7.5 years. The investment was purchased for a price of £3.25m which...
Phillips Sutton Associates recently advised on the acquisition of a 37,500 sq ft industrial unit in Eastwood, Nottingham. Acting on behalf of a private family property company Phillips Sutton provided advice on the acquisition of the industrial units purchased from Chromalloy for £810,000. Phillips Sutton have been retained to let the vacant units which will undergo a refurbishment programme to provide...
Phillips Sutton Associates have advised on the acquisition of a retail warehouse investment on behalf of Mucklows. Phillips Sutton Associates has recently advised on the acquisition of a retail warehouse investment in Leicester. Let to Matalan for a further 7 years at a rent of £182,000 per annum, the investment was purchased by A&J Mucklows in an off market transaction with CBRE Global...
Phillips Sutton advise on the acquisition of a multi let industrial estate in Telford on behalf of a private family property company. Phillips Sutton Associates has recently completed the acquisition of an 85,452 sq ft multi let industrial estate in Telford on behalf of a private family property company. The estate comprises 15 units, which are fully let producing an income of £327,568 per annum. The...
Phillips Sutton Associates have recently acquired a multi let industrial estate in Walsall on behalf of IO Asset Management. Phillips Sutton Associates has recently completed the acquisition of an 82,000 sq ft 14 unit industrial estate on Bloxwich Lane in Wallsall. The estate was purchased by IO Asset Management in an off market transaction for £2.85 million. Harris Lamb represented the...
Phillips Sutton has recently completed the sale of a warehouse investment on behalf of a private client. Phillips Sutton Associates has recently completed the sale of a 24,124 sq ft warehouse in Hinckley on behalf of a private client. The warehouse is located on Farraday Road, Harrowbrook Industrial Estate in Hinckley, occupying a prominent location at the front of the estate. The unit is let to Triumph...
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