2. 2 QUEEN’S SQUARE ASCOT BUSINESS PARK LYNDHURST ROAD ASCOT SL5 9FE
Description
2 QUEEN’S SQUARE
ASCOT BUSINESS PARK
LYNDHURST ROAD
ASCOT
SL5 9FE
The property comprises a modern Grade A office building situated on Ascot Business Park. The total NIA is sq m (9,761 sq ft).
The property is multi let to 4 tenants with an AWULT to expiry of 8.5 years and 4.7 years to breaks. The current rent passing is £217,981 pa (£23 psf) with an ERV of £246,800 (£26 psf).
Transaction
Sold on behalf of Salmon Developments in April 2017 to a private client of Strutt & Parker.

3. WICKES PORTFOLIO Description Transaction
The sale and leaseback of a portfolio of 8 retail warehouses and a trade unit, located in Bridgwater, Burgess Hill, Christchurch, Corby, Halifax, Midsomer Norton, Norwich and Stowmarket. Four of the properties were new developments and a further three were comprehensive refurbishments of former Focus DIY units. All but one of the units was configured to Wickes’ latest trading format.
The units were leased back to Wickes Building Supplies Ltd for terms of 15 years, without break. Initial rentals range from £15.50 per sq ft to £9 per sq ft and were subject to five yearly rent reviews to Market Rental.
WICKES PORTFOLIO
Transaction
HSM acted for Travis Perkins (Properties) Ltd on the sale. The purchaser, clients of Investra Capital Ltd, were advised by Cyril Leonard & Co.

4. AUDI VEHICLE WORKSHOP ASHFORD ROAD CHARTHAM CANTERBURY KENT CT4 7HF
Description
AUDI VEHICLE WORKSHOP
ASHFORD ROAD
CHARTHAM
CANTERBURY
KENT CT4 7HF
The property comprises a modern industrial building configured as a vehicle workshop along with a secure yard. The property has a total GIA of 10,740 sq ft. The site area is 0.82 acres.
The property is let to Inchcape Estates Limited for a term expiring 25 February 2025 at a rent of £84,860 pa. There is one further OMV rent review on 25 February 2020.
Transaction
Sold on behalf of The Milton Group in March 2017 to a private overseas client of Allsop.

5. DW SPORTS FITNESS, VICTORIA RETAIL PARK, NETHERFIELD,
Description
DW SPORTS FITNESS,
VICTORIA RETAIL PARK,
NETHERFIELD,
NOTTINGHAM NG4 2PA
The property forms part of a retail cluster that fronts the A612 dual carriageway, adjacent to Morrison Supermarket and Victoria Retail Park. The property is let to Dave Whelan Sports Limited for a term of 25 years from 25 February 2008 (16.5 years remaining). The lease is let on FRI terms with five yearly rent fixed increases to % of the previous rent. The next review is due on 25 February 2018 where the rent is due to rise to £633,633 per annum (£13.97 psf overall). The vendor topped up the rent to this level.
The property has low site cover of 25% providing the opportunity for the creation of additional units on the 2.4 acre site. The lease requires that only 159 car spaces are too made available to DW Sports Fitness allowing the opportunity for a unit of around 7,000 sq ft to be created.
Transaction
The property was sold in December 2016 by HSM to Nottingham City Council.

6. WARWICK TECHNOLOGY PARK WARWICK CV34 6NZ
GLOBE HOUSE
WARWICK TECHNOLOGY PARK
WARWICK
CV34 6NZ
Description
Business park office building arranged over ground and first floors, totalling 41,089 sq. ft. There are 208 car parking spaces.
Single let to IBM UK Limited on a lease expiring 24th March 2024 at rent of £618,000 pa equating to £14.89 per sq ft. There are tenant break options on 31/10/2020 and 31/10/2022 subject to paying a 12 month and 8 month rent penalty respectively.
Transaction
Purchaser – The Local Authorities’ Mutual Investment Trust c/o CCLA, advised by HSM.
Vendor – Wolverhampton City Council c/o. CBRE Global Investors Limited

7. NTS UNIT A, HYDE ESTATE ROAD COLINDALE LONDON NW9 6JL Description
MOT, tyre and exhaust facility developed in 2003 and totalling 7,537 sq ft GIA. The property is located in an established mixed commercial location just off the A5 Edgware Road.
The property is let to NTS for 10 years from 20 May 2016 at a rent of £115,000 pa. Part of the property has been sub-let to Halfords Auto Centres.
NTS
UNIT A, HYDE ESTATE ROAD
COLINDALE
LONDON
NW9 6JL
Transaction
Purchaser – The Milton Group, advised by HSM.
Vendor – Private Trust

8. UNITS 1, 2 & 3 COMMERCIAL ROAD, READING BERKSHIRE RG2 0QZ
Description
The property comprises a recently refurbished warehouse/industrial unit measuring 22,409 sq ft (2, sq m) on a site of 0.93 acres (0.38 hectares).
The property is let to ISS Facility Services Limited on an FRI lease for a term of 8 years from 1st January The lease contains a tenant only break option on 1st January 2019.
The commencing rent was £206,090 pa, reflecting £9.20 psf.
Transaction
HSM advised the vendor, Orchard Street Investment Management. The purchaser was an educational charity advised by Cluttons LLP. May 2016

9. 19 DARKGATE STREET ABERYSWYTH SY23 1DH Description Transaction
The property comprises a period building arranged on basement, ground and two upper floors, fitted out as a banking hall.
The property is let to HSBC Bank Plc on a fifteen year lease from 21 August The lease is subject to five yearly upward only rent reviews and is effectively a full repairing and insuring lease with a schedule of condition limiting the tenant’s repair liability.
The current rent passing is £85,000 per annum which is due for review in August 2017.
19 DARKGATE STREET
ABERYSWYTH
SY23 1DH
Transaction
The property was acquired in May 2016 from Hyber Limited on behalf of a private investor.

10. TESLA 396 WELLINGTON ROAD STOCKPORT SK4 5AE Description Transaction
The property comprises a purpose built car dealership facility located on A6 Wellington Road, the main link road between Manchester and Stockport. The property totals 15,641 sq ft on a site of 1.18 acres.
The entire property is let to Tesla Motors Limited for 15 years from 8 September 2015 at a commencing rent of £140,000 per annum (£8.95 per sq ft overall). The lease is on full repairing and insuring terms, subject to five yearly upward only rent reviews on the basis of RPI in the range of 1% to 3% per annum. The tenant has break options after five and ten years, subject to six months’ notice.
TESLA
396 WELLINGTON ROAD
STOCKPORT
SK4 5AE
Transaction
HSM advised the vendor, Sytner Group Limited, on the sale to a private investor in March 2016.