Lease Regear, Furnace Road, Ilkeston

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...

Office Park Sale, Leamington Spa

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...

New Instruction – Unit 1 Rosevale Business Park, Newcastle Under Lyme

Savills Investment Management has completed the major refurbishment of an industrial warehouse at Rosevale Business Park in Newcastle-Under-Lyme, Staffordshire. Savills and Phillips Sutton are instructed as joint letting agents for the property. The detached unit totals comprises 114,520 sq ft (10,639 sq m) including 23,829 sq ft (2,213 sq m) of office space and has consent for business, industrial or...

Unit 1 Maple Leaf Industrial Estate, Walsall

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...

Fully let office building, Leicester

Acting on behalf of a private pension fund, Phillips Sutton have advised on the lettings of 5 office suites providing the owners with a fully let building. Charnwood Court on New Walk in Leicester is a 17,000 sq ft office building at the heart of the conservation area on Leicester's New Walk. Prior to Phillips Sutton's involvement the building was 75% vacant, but following a sustained marketing campaign...

Fully Let Trade Park, Northampton

Following a period of 12 months of marketing, Grafton Trade Park is fully let. On behalf of CBRE Global Investors, joint agents Phillips Sutton and Underwoods have let three vacant units ranging in size from 3,200 sq ft to 5,500 sq ft to a variety of local and regional businesses all on 10 year lease terms at headline rents of £6 psf. Following the recent take up on the estate, CBRE Global Investors...

Industrial Warehouse Investment Acquisition – Aylesbury

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...

Assistant Surveyor Wanted

Assistant Surveyor – Apprenticeship Scheme  -   Click PDF We are recruiting for an Assistant Surveyor to join our apprenticeship scheme. See the details/job description...

62 – 64 Long Row & 77/77A Upper Parliament Street, Nottingham

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...

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