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With the four key anchor stores now in place, joint letting agents Lunson Mitchenall and Gilbert Bath are now in advanced negotiations with a number of retailers which will further enhance the fashion-orientated tenant mix which is being sought for the park. The agents are quoting rents of £269.00 per sq m (£25.00 per sq […]More
Real estate inspection and Conveyancing prices
This increase is likely to have resulted from decisions to dispose of older stock, the rebalancing of portfolios and particularly, the opportunity to realise profits on existing holdings. Outside retail warehouses, investors intend to put additional investment in all sectors of the market, with the exception of Central London Offices. Extensive property conveyancing solutions are provided ...More
Our conveyancers or lawyers all are certified in Conveyancing Work
With the four key anchor stores now in place, joint letting agents Lunson Mitchenall and Gilbert Bath are now in advanced negotiations with a number of retailers which will further enhance the fashion-orientated tenant mix which is being sought for the park. The agents are quoting rents of £269.00 per sq m (£25.00 per sq ft) on the remaining units which range in size from 500 sq m (5,382 sq ft) to 1,913 sq m (20,591 sq m). Celexa REIM, acting on behalf of SPP Investment Management, has sold the Larkhall Industrial Estate in Larkhall, Lanarkshire, to the DAKS Sirnpson Group PLC for £3.3 million. DAKS Simpson occupies a substantial part of the 37,500 sq m(403,500 sq ft) estate on a lease expiring in the year 2001. Commenting on the sale, Celexa REIM managing director Philip lngman said: ‘When we sold Caledonian Land to MEPC in 1996, we retained two Scottish investments within the SPP portfolio.
One has already been sold, so this deal marks the completion of the investment sale programme. Purchasing our factory site further emphasises DAKS’ commitment to manufacturing in the UK. We are one of the few companies of our size and stature that still supports British workmanship for over 90 per cent of our merchandise, and our presence in Larkhall, together with our satellite factory at Polbeth, near Edinburgh, bears witness to that.
Following the acquisition from Horsham District Council of a 1.7 acre site opposite the J Sainsbury Food Superstore, close to the prime retail area of West Street and the Swan Walk Shopping Centre, Commercial Union Properties (UK) Ltd. have now completed their development of two retail warehouses which they have let to Seeboard and Globus Office World, at rents of around £13.20 ps£. Hill Samuel Asset Management, Jones Lang Wooton and Grimley acted on behalf of the Fund.
The development was introduced to Commercial Union Properties (UK) Ltd. by Walker Son & Packman who were retained in the disposal whilst Lambert Smith Hampton were the letting agents. Your how solicitors charge for conveyancing in brisbane ought to do a genuine check of proprietorship with the Zone Registry, furthermore neighborhood power checks in addition. Once completed, the property will provide the festival with administrative offices, the box office the festival shop and cafe and a performance hall.
Ryden International Property Consultants are pleased to announce that the Edinburgh International Festival Society have acquired the former Highland Tolbooth Hall on Castle Hill, the Royal Mile Edinburgh from the Church of Scotland.
Real estate inspection and Conveyancing prices
This increase is likely to have resulted from decisions to dispose of older stock, the rebalancing of portfolios and particularly, the opportunity to realise profits on existing holdings. Outside retail warehouses, investors intend to put additional investment in all sectors of the market, with the exception of Central London Offices. Extensive property conveyancing solutions are provided by the expert conveyancers from the property field. . In this office sub-sector investors are intending to make additional investments, but these are outweighed by disposal plans. Taken together this leaves a net disinvestment of 4.4%, as a percentage of capital flow, for Central London Offices.
Miracle Retail plc, trading as Feed the Five Thousand, the innovative new sandwich bar operation, has chosen Queens Arcade, Great Portland Estates’ (GPE) 13,000 sq m (140,000 sq ft) shopping centre in Cardiff, for its first outlet in Wales. Feed the Five Thousand has taken unit 17 on the lower level extending to 111 sq m (1,195 sq ft) on a 10 year lease at £47,000 per annum. The outlet is located at the Queen Street entrance of the scheme, adjacent to Wimpy, Madisons and Candy Ice creating a catering focus for shoppers and plans to open in the Summer (1998).
Feed the Five Thousand was set up two years ago selling quality sandwiches, baguettes, pastries, coffee and other hot and cold beverages. The Queens Arcade outlet, which will be the first to promote a new sophisticated store design, marks the start of an open ended expansion programme which plans to realise seven or eight new units within the next six months.
To date the company has concentrated on the North, with three sites in Manchester and one at Cheshire Oaks factory outlet. Letting agents for Queens Arcade, Healey & Baker and Mansfield Elstob Main are currently quoting rents between £700.00 per sq m (£65.00 per sq ft) to £1,399.00 per sq m (£130.00 per sq m) Zone A compared with rents in excess of £1,722.00 (£160.00 per sq ft) on prime Queen Street.
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When we were looking for a location for our first operation in Wales, Cardiff was the obvious choice. And, the offer at Queens Arcade could not be matched. Our new unit is perfectly positioned complementing the existing retail offer and benefiting from the great footfall entering from Queens Street and the St David’s Centre.
We warmly welcome this decision, It is a major milestone in our partnership with the City Council to create a high quality and sustainable development which will respect the historic tradition of the City’s past. Chief executive of Canterbury City Council Colin Carmichael says, we are delighted to grant permission in principle and look forward to working with Land Securities in improving this important part of our City.
Subject to formal ratification of the consent by the Secretary of State and to the planning authority’s agreement on outstanding details, it is anticipated that preliminary works will begin on site towards the end of the year. Call legal property solicitors or lawyers who will doing legal process in all the matter related to property conveyancing. Superdrug Stores Plc has extended its existing unit and taken 551 sq m (5,931 sq ft) of sales space on the ground floor. A new 20 year lease has been agreed from 18 August 1998, at a rent of £175,000 per annum. The store, featuring the new design format, will be re-launched on 19 October 1998.
The Harvey Centre, Great Portland Estates Plc’s 37,161 sq m (400,000 sq ft) shopping centre in Harlow, continues to attract top class retailers with the letting of two more units – to Superdrug, the leading health & beauty retailer, and mobile phone specialist, Phones 4 u Ltd.
The Sellers want Conveyancing Solicitors
The National Land Information Service is an initiative designed to provide national information on land and property. The pilot computer system, which has been developed to trial the NLIS concept, electronically links three firms of solicitors in Bristol with twelve organisations that hold information about land and property. The system immediately delivers search requests across a network to the data providers and the results are, in the majority of cases, returned on-line and revealed on screen. It is expected that the system will reduce the time it takes to complete essential searches on the buying, selling and mortgaging of property. If the pilot is successful, options for extending the system nationwide will be considered.
Six new retailers have taken units at Blackpool’s 10,219 sq m (110,000 sq ft) Hounds Hill Shopping Centre following the recent completion of a £5 million refurbishment. Joining the Hounds Hill tenant line-up are two fashion retailers, Pilot Clothing and its Ampara Menswear brand.
A 15 year lease has been agreed at a rent of £80,000 per annum. Verify that you appropriately comprehend the idea of conveyancing expenses. Pilot Clothing has taken a 106 sq m (1,145 sq ft) unit on the centre’s Victoria Street frontage close to one of the main entrances for its 33rd store in the UK. Ampara Menswear is to trade out of the 32 sq m (342 sq ft) Unit 61 A located close to the Victoria Street entrance just opposite Marks & Spencer. The unit has been taken on a 5 lease at an annual rent of £17,000. Four of the five new kiosks created as part of the refurbishment have been let. Glenndale Florists and CapShaq have taken two of the three new kiosks located at the centre’s main Victoria Street entrance. The units, which each provide 6.97 sq m (75 sq ft), have both been taken on 3 year leases at £10,000per annum each.
Meanwhile, the two new kiosks located in the central square have been let to Holloways Jewellers trading as Porters (size sq m/sq ft) and to Pocket Phone Shop (size sq m/sq ft).
These have both been taken on 10 year leases at rents of £15,000 per annum and £16,000 per annum respectively. Commenting on the lettings, Neil Varnham of AMP Asset Management (which asset manages the centre on behalf of Peal Assurance plc) said:
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These lettings are a real endorsement of the radical new look that we have given the centre. One of our objectives has been to provide shoppers with more variety and choice and, we are delighted that we have been able to provide units suitable for both national multiples and local retailers. It all adds to the attractions of Hounds Hill. Joint letting agents for the scheme, Tushingham Moore and Hillier Parker, report strong interest in the few retail units currently available within the centre and also in the new restaurant area created as a result of the refurbishment. Acting on behalf of Braythorn Limited, Sharps Commercial have successfully underlet Unit 3B, Headley Park 10, Headley Road East, Woodley, Reading, Berkshire. This modern, light industrial/warehouse unit with ancillary offices, comprises 9,625 sq ft/841.51 sq m, plus a mezzanine of 3,203 sq ft/297.67 sq m.
When the buyers and sellers decide in principle to change ownership of property from one entity to another, then the whole process of conveyancing www.enactconveyancingsydney.com.au gets started. The total office content is 1,352 sq ft/125.65 sq m, all at ground floor level, heated and carpeted, with good natural light. The industrial/warehouse area offers 19 ft 6 ins clear eaves height, is heated and lit, has excellent rear access. The tenant, AeroComponents Limited, who are relocating from High Wycombe are paying a rental of £53,000 per annum (£5.51 per sq ft, disregarding the mezzanine) fixed until June 1999.
Alec White who handled the letting for Sharps Commercial comments We had several parties showing firm interest, but chose AeroComponents as they were willing to take a long term lease, whereas other parties were looking for breaks at the fifth year. It does seem that the balance is gradually shifting back towards landlords being able to more readily dictate terms.
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The sales area is 567 sq ft/52.6 sq m, the remainder being ancillary accommodation. And it’s not clear if the opinion will in anyway guide the Kentucky Judicial Form Retirement System, which had sought an opinion on the legislation but had actually never asked if the legislation was constitutional Conveyancing is defined as the process of transferring legal title of property from one authorized person to another.
How times have changed!. Two years ago on this property, the market dictated we had to grant a two year term to another party, but thankfully, our advice to the client that we would, at the expiration of the two years, be in a better position to derive better terms all round, proved correct. Well known Reading newsagents/confectioner/tobacconist Brightons have expanded their operation by acquiring the lease of 175 Friar Street, Reading, close to Bristol & West Building Society and Marks and Spencer. This ground floor shop, located at the eastern end of Friar Street close to its junction with Market Place extends to a total of 954 sq ft/88.56 sq m behind a gross frontage of 20’216.15m.
Peter Memmott of Haslams comments This part of Reading town centre has benefited substantially from the recent pedestrianisation and influx of leisure facilities. R J Brighton Esq of Brightons Newsagents comments We welcome this opportunity of offering enhanced facilities to our Friary Street patrons. However, as well as maintaining an interest in acquiring further retail warehouses, investors are intending to manage their retail warehouse portfolios more actively. As a result, there has been a sharp increase in the level of intended disposals of retail warehouses recorded by this survey.
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The spire of the Highland Tolbooth building is the highest point in Edinburgh, as the property is located just below Edinburgh Castle on the Royal Mile. Ryden advised the Church of Scotland on the sale to the International Festival Society and subsequently advised the Festival Trustees on the value of the development assuming completion Prudential has entered a contract with Princes Square Development Limited, a joint venture between Grosvenor Estate Holdings and HBG Properties, to purchase the Princes Square Shopping Centre in East Kilbride.
Princes Square has been newly developed by Grosvenor and HBG to provide 95,000 sq ft of space in 33 shop units. All but eight of the units have been let so far, to tenants including Disney, Ottackers, Bay Trading, Sports Soccer, Spoils and McDonald’s, with committed rents totalling £1.25 million per annum. Once fully let, the centre will provide Prudential with a yield of around 6% on its purchase price of £26 million. Princes Square sits at the heart of East Kilbride which provides 850,000 sq ft in Scotland’s largest covered shopping centre. The remaining units are available to let through Healey & Baker and Smith Cole Wright.
One of Drivers Jonas’ strongest sectors nationally is Planning & Development Consultancy and we have built on this in Manchester. If you are an ambitious property settlement agents perth company or individual you should see the internet as an opportunity and take steps to be present there quite aggressively. The tearn is reinforced by Associate Partners, Philip Holden responsible for valuation and landlord tenant matters and Mike Booth who specialises in Estate Strategy and Social Housing. We are an active and growing business in the North West.
Prudential was represented by Wright & Partners. Property Consultants Drivers Jonas is expanding in Manchester and will move their office to 60 Fountain Street, on 27 April 1998. Since the opening of their Manchester office four years ago, Drivers Jonas has grown to sixteen staff and the new accommodation will allow for the firm’s further planned growth of doubling their size in time for the Millennium.
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We are advising on a lot of big projects and have recently secured planning permission for the £80m Morrison Merlin joint venture, the Great Northern Warehouse scheme, which has just started on site. The redevelopment of this site has been in the pipeline for 10 years. It is so important to the regeneration and redevelopment of Manchester City centre, as it links the Great Bridgewater and G-Mex developments with the restoration of the Castlefield area. On the property consultancy side Drivers Jonas is retained by GMPTE to advise on the affect future phases of the Metrolink might have on property.
The Investment department under recently appointed Associate Partner, Russell Hall, is making its mark with some interesting deals. They have just completed the purchase of a 3,994 sq m (43,000 sq.ft.) distribution warehouse, let to Alexon plc, at Milton Keynes for Sydney & London Properties Ltd for £4.68m reflecting a yield of 9.68%. They have also sold County House, Palatine Road, Northenden, let to Reuters Limited, to Tower Hamlets Superannuation Fund for £1.68m reflecting a yield of 8. 1 %.
We focus on our clients’ needs and on understanding their business so that we are able to respond quickly to meet their objectives.
The Agency department is gaining greater recognition and has been instructed to market one of the largest sites in the North West, Kingmoor a 130 ha site for storage and distribution, with over 1 85,800 sq m (2m sq.ft.) of existing space and additional land for development – massive by any standards. -this approach has enabled us to establish long term working relationships with companies and as a consequence benefit from their repeat business.
Our intention, over the next two years, is to extend the services we offer to include Building Surveying and Property Management and to expand our Agency department. Subway, the world’s largest submarine sandwich and salad chain has taken 127F Above Bar, Southampton for its second outlet in the South of England. Retained agents for Subway, St Quintin, has agreed a 10 year lease at a rent of £30,000 per annum on the unit, which provides 121 sq m (1,300 sq ft) of sales space on the ground floor and 93 sq m (1,000 sq ft) of ancillary space in the basement. A movement must be licensed the conveyancer that you name must be an authorized specialist, which implies he must be must spend significant time in land property.
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We are ideally situated on the main high street in the prime shopping pitch adjacent to the ‘Square Balloon’, Greenalls largest public house, and amongst a number of successful pub and food outlets. St Quintin acted for Subway, while Kenneth Peters & Co acted for the landlord in the negotiations. Claire’s Accessories has taken the former Christavision unit in Thackeray Square between The Body Shop and H Samuel. Opening last week, this is Claire’s 66th store in the UK.
The 101.2 sq m (1,090 sq ft) unit has been taken on a 10 year lease at a Cent of £40,000 per annum representing £70.00 zone A. Commenting on behalf of The Fareham Retail Partnership, Peter Nash of Ashcroft Estates said – We are delighted to be able to welcome Claires to the centre.
A letting to such a highly regarded national multiple is a real endorsement of the radical new look that our refurbishment is providing the centre. Mansfield Town Football Club has exchanged contracts with Peveril Securities to redevelop the adjoining Portland Sidings site for a major non-food retail development the proceeds from which will be used to part redevelop the Field Mill Football Ground. Mansfield Town F.C. currently play in Division 3 of the Nationwide League and will benefit from much improved facilities and a 10,500 all seater stadium. Outline planning consent for the Retail Park was granted in September 1997 after a lengthy composite Planning Inquiry in which both the District and County Councils offered their support to the scheme. A reserved matters planning application has subsequently been submitted by Peveril Securities. A respectable conveyancing firm regularly has a leading body of qualified pros who work in gathering to help their clients and are normally more effective than individual conveyancing solicitor www.enactconveyancingmelbourne.com.au.
The scheme, to be known as the Portland Retail Park, could provide up to 150,000 square feet of non-food space plus two stand alone restaurants and is the only site in the town to achieve such a consent. The proposal will regenerate around 15 acres of land on the edge of Mansfield town centre and help prevent the leakage of retail spending to neighbouring towns. The scheme will be fully integrated with public transport as it is close to the bus station, adjoins the railway station and will be linked to the town centre by a footbridge. Knight Frank’s Sheffield Office acted for Mansfield Town F.C whilst Hill Welsh acted for Peveril Securities.
We chose Southampton as the location for our second outlet in the South of England, to compliment our Brighton branch . Benoy are retained architects on the Retail Park with W.S.P as consulting engineers.
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Chris Bernsen of Diomed Limited, commented, We had several criteria for our new location – an attractive congestion free environment with good parking provision was important. However, most significant was CRP’s size. We can be certain that if we need to expand we will be able to take additional space and we understand that Suon will allow any company that takes space at the Research Park and subsequently requires larger accommodation to be released from its existing lease as long as the new building is also on the Research Park.
Diomed Limited, which was founded in 1991 and now has over 35 employees.
Suon plans to provide as many facilities as possible including a four star hotel with conference and exhibition facilities, a health and leisure club, bars and restaurants. It also hopes to provide cash points/banking, a créche/nursery and possibly newsagents and travel agents.
Sears Property Developments’ Tandem Centre fashion retail park in Colliers Wood, London SW19, is over 50% let following deals with three top retailers. Next, JD Sports and JJB Sports are all to open full line stores at the 9,439 sq m (101,602 sq ft) park, where they will trade alongside Boots’ (16,455 sq ft) store.
Next has taken a 955 sq m (10,281 sq ft) unit for its sixth retail park format store in the UK. Due to open at the end of May 1998, Next will sell a full range of merchandise. Meanwhile JJB Sports has taken a 1,433 sq m (15,426 sq ft) unit for its 42nd out-of-town superstore and JD Sports has signed up for 649 sq m (6,990 sq ft).
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The purchase price of £69.5 million equates to a net initial yield of just over 5.6%. Books Etc., Superdrug’s sub-tenants are reported to be paying a rent equating to £462 Zone A, whilst Next and Superdrug are believed to be paying rents equating to £240 and £390 Zone A respectively. “We are continuing to stay focused on our strategies — donor and community engagement, improved employee campaigns, www.econveyancingadelaide.com.au new business development, and increased leadership giving.
Diomed Limited, the world leader in surgical diode lasers, has taken a pre-let as the first tenant on Phase 1 of the £100m Cambridge Research Park on the A10, Ely Road in Cambridge. The scheme is being undertaken by Suon Cambridge Ltd, a joint venture between Tawnywood Ltd and Carisbrooke Investments Ltd.
The proposed two-storey building will comprise office and laboratory accommodation totalling 1,858.5 sq m (20,000 sq ft). It has been let on a 25 year FRI lease with five yearly upwards only rent reviews containing lease breaks at the 15th and 20th years. Nic Rumsey, director of Carisbrooke Investments Ltd, said, We are delighted to announce this first pre-let to Diomed Limited whose operations encapsulate all that the Research Park will be about.
It is intended that work on the building will commence as soon detailed planning permission is obtained, with construction completed and the unit ready for occupation by the beginning of next year. The scale of the task of developing this site has previously made prospective occupiers dubious about it ever commencing, but now this deal together with work starting on site, is sure to give them confidence in the Cambridge Research Park.
Work on the park is now well underway with contractor, French Kier East Anglia Ltd, on site carrying out initial earthworks. They have opened up the site by draining part of one of the lakes fronting the site to allow construction of a new roundabout on the A10 Ely Road.