December 2017
Investment Sale
Chelmsford : 26 High Street

  • Let to RBS Plc until August 2025
  • Passing Rent: £210,000 per annum
  • Net Initial Yield: 5.09%
  • Price: £3,875,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Chelmsford. The property is let to The Royal Bank of Scotland PLC until August 2025. A purchase price of £3,875,000 reflects a net initial yield of 5.09%, assuming purchasers costs of 6.53%. [read more]

December 2017
Investment Sale
Yeovil : 88-92 Middle Street

  • Let to Wilko Retail Ltd until April 2025
  • Passing Rent: £435,000 per annum
  • Net Initial Yield: 9.95%
  • Price: £4,100,000
Fawcett Mead are pleased to have acted on the sale of 88-92 Middle Street, Yeovil. The property is let in its entirety to Wilko Retail Limited on a 20 year, FRI lease. A purchase price of £4,100,000 reflects a net initial yield of 9.95%, assuming purchasers costs of 6.54%. [read more]

December 2017
Investment Acquistion
Darlington : 3-11 Northgate Street

  • Prime location on Northgate Street
  • Passing Rent: £108,000 per annum
  • Net Initial Yield: 9.00%
  • Price: £1,130,000
Fawcett Mead are pleased to have acted on the acquisition of 3-11 Northgate Street, Darlington on behalf of a private client. The unit is let to Novomatic UK Limited on a new ten year unbroken lease. A purchase price of £1,130,000 reflects a net initial yield of 9.03% assuming purchasers costs of 5.87%. [read more]

November 2017
Investment Sale
Cardiff : 4 Station Road, Radyr

  • Let to The Co-Op Food Group on a new 15 year term
  • Passing Rent: £60,000 per annum
  • Net Initial Yield: 5.40%
  • Price: £1,050,000
Fawcett Mead are pleased to have acted on the sale of 4 Station Road in Radyr on behalf of private clients. The property has been newly developed and let to The Co-Operative Food Group Limited for a term of 15 years. A purchase price of £1,050,000 reflects a net initial yield of 5.40%, assuming purchasers costs of 5.80%. [read more]

November 2017
Investment Sale
Cheshire Oaks : Cheshire Oaks Leisure Park

  • Prime out-of-town leisure opportunity
  • Passing Rent: £371,931 per annum
  • Net Initial Yield: 5.25%
  • Price: £6,630,000
Fawcett Mead are delighted to have acted on the sale of Cheshire Oaks Leisure Park on behalf of Lateral Property. The well-let leisure park is located in a prominent gateway site adjacent to the entrance of Cheshire Oaks Designer Outlet. The property provides a WAULT of 17 years and tenants include KFC, TGI Fridays and Costa Coffee. A purchase price of £6,630,000 reflects a net initial yield of 5.25%, assuming purchasers costs of 6.64%. [read more]

October 2017
Investment Sale
Yeovil : 21 Middle Street

  • New 5 year lease to Shoe Zone Ltd
  • Passing Rent: £38,500 per annum
  • Net Initial Yield: 7.82%
  • Price: £471,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Yeovil. The property is let to Shoe Zone Ltd on a new five year lease expiring in 2022. A purchase price of £471,000 reflects a net initial yield of 7.82%, assuming purchasers costs of 4.57%. [read more]

October 2017
Investment Sale
Whitehaven : 64-65 King Street

  • Prime retail investment let to Burton
  • Passing Rent: £56,860 per annum
  • Net Initial Yield: 11.70%
  • Price: £465,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Whitehaven. The property is let to Burton / Dorothy Perkins Properties Limited on a ten year lease from January 2011. A sale price of £465,000 reflects an attractive net initial yield of 11.70%. [read more]

October 2017
Investment Sale
Manchester : 15-15A Corporation Street

  • Property forms part of the Arndale shopping centre
  • Passing Rent: £235,000 per annum
  • Net Initial Yield: 6.85%
  • Price: £3,220,000
Fawcett Mead are pleased to have acted on the sale of this secure retail investment in a prominent location on Corporation Street for a major UK institution. The property is let to Pizza Hut Ltd and Second Cup and is opposite Marks and Spencer and Selfridges. A sale of £3,270,000 reflects a net initial yield of 6.75%. [read more]

October 2017
Investment Sale
Skewen : 42-43 New Road

  • Let to One Stop Stores Limited
  • Passing Rent: £31,500 per annum
  • Net Initial Yield: 9.21%
  • Price: £330,000
Fawcett Mead are pleased to have acted on the sale of this high-yielding retail investment in Skewen. The property is let to One Stop Stores Limited with a lease expiry in August 2022. A sale price of £330,000 reflects a net initial yield of 9.21%. [read more]

October 2017
Investment Sale
Lichfield : 20 Conduit Street

  • Let to Fat Face Ltd
  • Passing Rent: £65,000 per annum
  • Net Initial Yield: 6.00%
  • Price: £1,025,000
Fawcett Mead are pleased to have acted on the sale of a highly attractive unit in the affluent cathedral city of Lichfield. The property is let to Fat Face Limited on a FRI lease expiring in 2023. The sale price of £1,025,000 reflects a net initial yield of 6.00%. [read more]

October 2017
Investment Sale
Chatham : 184-190 High Street

  • Let to Primark Stores Limited until August 2029
  • Passing Rent: £275,000 per annum
  • Net Initial Yield: 5.36%
  • Price: £4,814,000
Fawcett Mead are delighted to have acted on the sale of this 100% prime retail investment in Chatham on behalf of CBRE Global Investors. The property is let to the excellent covenant of Primark Stores Ltd until August 2029 with no breaks. A sale price of £4,814,000 reflects a net initial yield of 5.36%. [read more]

October 2017
Investment Sale
Bury St Edmunds : 25-26 Buttermarket

  • Let to Holland & Barrett and Shoe Zone
  • Passing Rent: £165,000 per annum
  • Net Initial Yield: 7.05%
  • Price: £2,200,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in the attractive market town of Bury St Edmunds for Kennedy Wilson. The property is let to Holland & Barrett and Shoe Zone. A sale price of £2,200,000 reflects a net initial yield of 7.05%. [read more]

October 2017
Investment Sale
Kidderminster : 30 Vicar Street

  • Let to EE Ltd on a new five year lease
  • Passing Rent: £35,500 per annum
  • Net Initial Yield: 7.30%
  • Price: £465,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Kidderminster, on behalf of a private client. The property is let to EE Limited on a new five year lease expiring in 2022. A sale price of £465,000 reflects a net initial yield of 7.30%. [read more]

October 2017
Investment Sale
Stratford Upon Avon : 29/29A High Street

  • Prime retail investment in affluent world tourist destination
  • Passing Rent: £100,000
  • Net Initial Yield: 7.43%
  • Price: £1,270,000
Fawcett Mead are pleased to have acted for OLIM Property on the sale of this retail investment in Stratford-upon-Avon. The property is let to Robert Dyas Ltd on a FRI lease expiring in 2019. A sale price of £1,270,000 reflects a net initial yield of 7.43%. [read more]

October 2017
Investment Sale
Chichester : 34-35 South Street

  • Let to Tesco Express and Orvis Company
  • Passing Rent: £133,375 per annum
  • Net Initial Yield: 5.12%
  • Price: £2,450,000
Fawcett Mead are pleased to have acted jointly alongside Flude Commercial on the sale of this multi-let retail investment on South Street, Chichester. The property is let to Tesco Express and Orvis Company and produces an total combined income of £133,374 per annum. A sale price of £2,450,000 reflects a net initial yield of 5.12%. [read more]

September 2017
Investment Sale
Nuneaton : 5/6 Market Place

  • Let to Poundland Ltd until 2022
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 7.98%
  • Price: £2,240,000
Fawcett Mead are delighted to have acted on the sale of this prime retail investment on Nuneaton Market Place. Nuneaton is an historical market town and the largest municipality within Warwickshire. The property is let to Poundland Ltd on a new 10 year FRI lease until August 2022. A purchase price of £2,240,000 reflects a net initial yield of 7.98%. [read more]

August 2017
Fawcett Mead : Richard Bashford makes his international sporting debut

Fawcett Mead’s Richard Bashford has recently competed in the Great Britain Triathlon Age Group Team at the European Championships in Denmark. The race was held in Herning, and consisted of a 1.25 mile swim, 56 mile bike leg and a 13.1m, half-marathon run. Richard commented, “Since being a young boy, I had always dreamed of representing my country on the sports field. Despite missing out on the British and Irish Lions tour to New Zealand, the European Triathlon Championships was a brilliant event and one that I will never forget.” [read more]

July 2017
Letting
Ashford : County Square

  • JD sings for Country Square, Ashford
Fawcett Mead, acting for Kennedy Wilson, have recently agreed a new lease on the former Mothercare in County Square Shopping Centre, Ashford taking approximately 6,000 sq ft. This follows a number of new lettings including Nationwide, Select and Flutterbyes with a number of lettings due to follow. [read more]

July 2017
Lease Advisory
London : 152 Waterloo Road

Fawcett Mead are pleased to have acted on behalf of Oseyo on the acquisition of 152 Waterloo Road. Oseyo are an expanding Korean deli operating throughout central London and major university cities. [read more]

June 2017
Letting
Fleet : The Hart Shopping Centre

  • 10,000-sq ft letting boost for Hart Shopping Centre in Fleet, Hampshire
Hart shopping centre in Fleet has agreed a 10-year lease with fashion retailer M&Co. to secure the 10,000 sq ft letting which will see M&Co open a new department store at the Hampshire mall. The letting will further boost the tenant line up at Fleet’s flagship shopping centre which opened in 1991. The Hart shopping centre, asset managed by Reith Lambert, is anchored by a 30,000 sq ft Waitrose supermarket. M&Co will join an array of other national multiples including WH Smith, Argos, Boots, The Works and Clarks. Fawcett Mead acted on behalf of the private landlord and the firm’s Vincent Morris said: “This deal underlines the appeal of the Hart shopping centre and reinforces its position as Fleet’s premier retail destination. M&Co is a fantastic addition to the offer. The new department store will help pull in more shoppers, boost footfall and generate even more retailer demand for the centre’s remaining units.” [read more]

June 2017
Investment Sale
London : 90/120 Judd Street

  • Prominent Multi-Let Retail Investment
  • Passing Rent: £133,108 per annum
  • Net Initial Yield: 4.17%
  • Price: £3,000,000
Fawcett Mead are pleased to have acted on the sale of this prime retail block located in Kings Cross. The area is benefiting from one of the largest redevelopments in the capitals history with Judd Street providing pedestrian connectivity between King Cross railway station and offices in the West End. A sale price of £3,000,000 reflects a net initial yield of 4.17%. [read more]

June 2017
Investment Sale
The Cannon Portfolio

  • High street investment portfolio
  • Passing Rent: £989,745 per annum
  • Net Initial Yield: 8.00%
  • Price: £11,400,000
Fawcett Mead are delighted to have acted on behalf of our client Threadneedle Pensions Ltd, on the sale of this high street portfolio. The portfolio comprises nine properties situated in core trading positions across England. A purchase price of £11,400,000 reflects a net initial yield of approximately 8.00%. Fawcett Mead acted alongside Cooper Rose Real Estate on the sale. [read more]

June 2017
Investment Sale
Sutton : 178-180 High Street

  • Let to Poundland Ltd until 2022
  • Passing Rent: £130,000 per annum
  • Net Initial Yield: 5.50%
  • Price: £2,200,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment on Sutton High Street. Sutton is an affluent London suburb and is ranked in the UKs Top 100 Retail Centres. The property is let to Poundland Ltd until June 2022. A purchase price of £2,200,000 reflects a net initial yield of 5.50%. [read more]

June 2017
Investment Acquisition
Bromley : 143 High Street

  • Prime retail property with residential development opportunity
  • Passing Rent: £300,491 per annum
  • Net Initial Yield: 5.22%
  • Price: £5,400,000
Fawcett Mead are pleased to have acted on behalf of Magern Ltd. on the acquisition of 143 High Street, Bromley. The property is located on a 100% prime retail pitch with all of the income secured to National Westminster Bank. The property also boasts planning permission for 8 flats with potential for a further 4 flats. A purchase price of £5,400,000 reflects a net initial yield of 5.22% [read more]

May 2017
Investment Sale
Market Drayton : Frogmore Road

  • Let to Wilko and Argos with a WAULT of 7.8 years
  • Passing Rent: £344,522 per annum
  • Net Initial Yield: 9.00%
  • Price: £3,595,000
Fawcett Mead are delighted to have acted alongside joint agents, GCW, on the sale of this well-let retail investment in Market Drayton, on behalf of our clients Steamrock Capital. The property is let to Argos Ltd and Wilko Retail Ltd, providing an WAULT of 7.8 years and producing a total current rent of £344,522 per annum. A sale price of £3,595,000 reflects a net initial yield of 9.00%. [read more]

May 2017
Lettings
Card Factory lettings

Acting on behalf of Card Factory, Fawcett Mead have recently acquired, regeared and renegotiated deals in a number of towns throughout London, the South, South West and Midlands. The Wakefield based card retailer has signed new terms in Crawley, Gloucester, Herne Bay, Kettering, Leamington Spa, Stanmore, Trowbridge, Witham and Wokingham. Aaron Bell, Director at Fawcett Mead commented: “ We are delighted to be helping Card Factory continue to both expand their portfolio as well as improving terms on their existing stores.” [read more]

May 2017
Investment Sale
Glasgow : 55-59 Buchanan Street

  • Prime high street block on Buchanan Street
  • Net Initial Yield: 4.00%
  • Price: £22,150,000
Fawcett Mead are pleased to have acted on behalf of clients, Wittington Investments, on the sale of a prime high street block in Glasgow. 55-59 Buchanan Street comprises three retail units spanning a total of 10,000 sq ft and let to Russell & Bromley, Molton Brown and Kiko. A sale price of £22,150,000 reflects a net initial yield of 4.00%. Jonathan Mills commented "We are delighted to have completed this sale on behalf of WIPL. We have worked with our client on numerous transactions now and it is always great to see these through to a successful conclusion. The price achieved represents a benchmark yield for Scotland and with the asset management on the property now complete, the sale represented an excellent opportunity for our client to capitalise on the strong demand for prime high street retail that we are currently experiencing". [read more]

May 2017
Investment Sale
Gloucester : 13-23 Northgate Street

  • New 15 year lease to TK Maxx
  • Passing Rent: £250,000 per annum
  • Net Initial Yield: 6.26%
  • Price: £3,750,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment on Northgate Street, Gloucester. The property is let to TJX UK Ltd on a new 15 year FRI lease. A purchase price of £3,750,000 reflects a net initial yield of 6.26%, assuming purchasers costs of 6.52%. [read more]

May 2017
Investment Sale
Southend-on-Sea : 13/15 London Road

  • Let to RBS on a new five year lease
  • Passing Rent: £70,000 per annum
  • Net Initial Yield: 7.24%
  • Price: £915,000
Fawcett Mead are pleased to have acted on this off-market sale on behalf of private clients. The property is let to the Royal Bank of Scotland PLC on new five year lease expiring in August 2021. A purchase price of £915,000 reflects a net initial yield of 7.24%, assuming purchasers costs of 5.65%. [read more]

May 2017
Investment Acquistion
Derby : Park Farm Shopping Centre

  • Anchored by Co-op, Wilko and Boots
  • Price: £9,750,000
Fawcett Mead are pleased to have acted on behalf of Evolve Estates on the acquisition of Park Farm Shopping Centre in Derby. The scheme comprises over 80,000 sq ft of retail, anchored by Co-op, Wilkos, Boots, Farmfoods and Barclays. The property offers significant asset management and development opportunities and benefits from its immediate vicinity to the campus of Derby University. [read more]

May 2017
Investment Sale
Cardiff : 2-6 Queen Street

  • Let to Starbucks on a new 10 year lease
  • Passing Rent: £100,000 per annum
  • Net Initial Yield: 5.52%
  • Price: £1,705,000
Fawcett Mead are pleased to have acted on behalf of private clients on the sale of this 100% prime retail investment on Queen Street. The property is let to Starbucks Coffee Company (UK) Ltd on a 10 year full repairing and insuring lease from October 2016. The current rent is £100,000 per annum. A purchase price of £1,705,000 reflects a net initial yield of 5.52%, assuming purchasers costs of 6.18%. [read more]

May 2017
Investment Acquistion
Winchester : 25/25a High Street and Unit 1-3, 4/8 Market Street

  • Prime high street acquisition in Winchester
  • Passing Rent: £353,600 per annum
  • Net Initial Yield: 4.30%
  • Price: £7,725,000
Fawcett Mead are pleased to have acted for Wesleyan Assurance Society on the freehold acquisition of this prime high street property in Winchester. The property consists of a prime unit let to Pret A Manger, fronting onto the High Street and three retail units fronting onto Market Street let to Crew Clothing, De Montford Fine Arts and Walton Design. The purchase price of £7,725,000, reflects a net initial yield of 4.30%. Tom Heptonstall commented, “We are delighted to secure this prime retail property in the one of the countrys most affluent towns. The investment offers Wesleyan Assurance Society a long term, secure investment”. [read more]

May 2017
Investment Sale
Chichester : 12/18 West Street & 51/55 Tower Street

  • Let to House of Fraser until 2039
  • Passing Rent: £752,585 per annum
  • Net Initial Yield: 5.25%
  • Price: £13,400,000
TH Real Estate, advised by Fawcett Mead, has sold the freehold investment of the House of Fraser store in Chichester to Savills IM for £13.4 million. 12/18 West Street & 51/55 Tower Street is let to the retailer until 2039 and the deal reflects a net initial yield of 5.25%. The 69,313 sq ft property is in a prominent position opposite Chichester Cathedral. It sits at the heart of the retail pitch within one of the UKs most sought after investment locations. With a total current income of £752,585 pa, the property offered an attractive investment proposition in a city which has historically attracted strong retailer demand. In 2016 House of Fraser undertook a comprehensively refurbishment of its four trading floors, further improving the retail offer. Jonathan Mills commented, "Following a competitive bidding process, we are delighted to have completed this sale at an attractive price for our clients, TH Real Estate." [read more]

May 2017
Investment Sale
Windsor : 93A &94 Peascod Street

  • Investment sale in affluent town
  • Passing Rent: £103,000 per annum
  • Net Initial Yield: 6.47%
  • Price: £1,500,000
Fawcett Mead are pleased to have acted on behalf of Kennedy Wilson on the sale of 93A & 94 Peascod Street in Windsor. The units are well-let to two local tenants. The property is located adjacent to the primary entrance of the King Edward Shopping Centre. A sale price of £1,500,000 reflects a net initial yield of 6.47%. [read more]

April 2017
Investment Sale
Brackley : Waitrose

  • Let to Waitrose until 2028
  • Passing Rent: £331,377 per annum
  • Net Initial Yield: 5.75%
  • Price: £5,400,000
Fawcett Mead are pleased to have acted on behalf of Savills IM on the sale of Waitrose in Brackley to a private purchaser. The foodstore is let to Waitrose until June 2028 in the affluent Northamptonshire market town. A sale above asking at £5,400,000 reflects a net initial yield of 5.75%. [read more]

April 2017
Investment Sale
Putney : 156 High Street

  • Investment sale in highly affluent area of South-West London
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 5.17%
  • Price: £1,460,000
Fawcett Mead are pleased to have acted on behalf of SG Capital in the sale of 156 High Street, Putney. The retail unit is let to Kokoro UK Ltd for a term of 20 years from October 2016. The current rent is £80,000 per annum with 5 yearly upwards only rent reviews. A sale price of £1,460,000 reflects a net initial yield of 5.17%. [read more]

April 2017
Investment Sale
Hitchin : 9-10 High Street

  • 31,000 sq ft property let to Poundland and M&Co
  • Passing Rent: £315,000 per annum
  • Net Initial Yield: 5.63%
  • Price: £5,250,000
Fawcett Mead are pleased to have acted on behalf of Steamrock on the sale of 9-10 High Street, Hitchin to Bellborough Ltd. The property is let to Poundland Limited and Mackays Stores Limited (t/a M&Co) with a WAULT of 7.53 years to expiry. There is significant development potential with the opportunity to build 88 dwellings on the site and an underground car park. A sale price of £5,250,000 reflects a net initial yield of 5.63%. [read more]

March 2017
Investment Sale
Evesham : 24-26 High Street

  • Located in the prime retail pitch
  • Passing Rent: Let to Bonmarché at £40,000 per annum
  • Net Initial Yield: 8.00%
  • Price: £480,000
Fawcett Mead are pleased to have acted on behalf of a private client on the sale of 24-26 High Street in Evesham. This 100% prime pitch property islet to Bonmarche A sale price of £480,000 reflects a net initial yield of 8%. [read more]

March 2017
Letting
Devizes : 30 The Brittox

  • Passing Rent: 43,000 pax on a 10 year lease.
Fawcett Mead recently let 30 The Brittox to The Works on behalf of a private client. The Works have signed a 10 year lease with a rent of £43,000 pax. The size of the units ground floor is 1,350 sq ft and the first floor is 439 sq ft. [read more]

March 2017
Investment Sale
Eastbourne : 129-131 Terminus Road

  • Prime retail investment in affluent East Sussex town
  • Passing Rent: £140,000 per annum
  • Net Initial Yield: 6.13%
  • Price: £2,150,000
Fawcett Mead are pleased to have acted on behalf of Kennedy Wilson on the sale of 129-131 Terminus Road in Eastbourne. The 100% prime pitch properties are let to Laura Ashley and Shoe Zone Limited. A sale price of £2,150,000 reflects a net initial yield of 6.13%. [read more]

March 2017
Lease Advisory
Fawcett Mead retained by Citrus

  • Citrus have appointed Fawcett Mead to acquire high street and shopping centre locations across the UK
Citrus, a ladies fashion retailer are acquiring sites ranging from 500 to 1,500 sq ft in busy high street and shopping centre locations. Nick Carvey at Fawcett Mead commented: "We are very pleased to assist Citrus in their acquisition programme and hope to open another 10 units in the next 12 months. This will add to their current portfolio of 8 stores." [read more]

March 2017
Letting
Dartford : Unit 22/26, Priory Shopping Centre

  • KFCs largest store in Europe
Fawcett Mead has agreed a deal with KFC for a prime unit within the Priory Centre, Dartford. KFC signed a straight 20 year lease, paying £70,000 per annum. Nick Carvey at Fawcett Mead commented: "This is a fantastic deal for the scheme, which will see KFC open their largest store in Europe. The unit was previously 99p Stores and has now been split to accommodate KFC and hopefully two other national multiple retailers." [read more]

February 2017
Investment Sale
Chichester : 16-17 North Street

  • Prime freehold retail investment
  • Passing Rent: £163,750 per annum
  • Net Initial Yield: 4.00%
  • Price: £3,820,000
Fawcett Mead are pleased to have acted on behalf of Savills IM alongside Cooper Rose Real Estate on the investment sale of 16/17 North Street, Chichester. The property is let to WH Smith Retail Holdings Limited until 24 December 2022. A sale price of £3,820,000 reflects a net initial yield of 4.00% [read more]

February 2017
Investment Acquisition
Stourbridge : Ryemarket Shopping Centre

  • Prime Shopping Centre Acquisition
  • Passing Rent: £1,414,334 per annum
  • Net Initial Yield: 8%
  • Price: £14,750,000
Fawcett Mead are pleased to have acted for Waypoint Asset Management on the freehold acquisition of this shopping centre in the heart of Stourbridge. It provides the primary retail offering within the town. The property is let to convenience and mass market retailers such as Waitrose and WHSmith. A purchase price of £14,750,000 reflects a net initial yield of 8.94%. "We are delighted to have completed this acquisition on behalf of Waypoint Asset Management. The Centre provides a number of interesting asset opportunities and is the dominant retail offer within Stourbridge." Jonathan Mills, Director. [read more]

February 2017
Investment Sale
Woodbridge : 22 The Thoroughfare

  • New 10 year FRI lease to Joules from March 2016 in an affluent Suffolk market town
  • Passing Rent: £42,500 per annum
  • Net Initial Yield: 5.64%
  • Price: £716,000
Fawcett Mead are pleased to have acted on behalf of a private investor on the sale of 22 The Thoroughfare in Woodbridge. The property is 100% prime pitch and let to Joules clothing store. The sale price of £716,000 reflects a net initial yield of 5.64%. [read more]

February 2017
Letting
Newquay : 10 Bank Street

  • Holland & Barrett sign in Newquay
Holland & Barrett continue their rapid expansion with a new store in prime pitch of the busy tourist town of Newquay. Acting on behalf of a private investor, Fawcett Mead agreed a new 10 yr lease, subject to tenant break at year 5, at £50,000 per annum. The new rent represents an uplift from the level previously paid by Store Twenty One. [read more]

February 2017
Letting
Hounslow : 247 High Street

  • 10 year lease with CEX
Acting on behalf of M&G, Fawcett Mead have agreed a new 10 year lease with CEX in Hounslow. The video games and mobile phone exchange retailer paid £62,500 pax for the former Dunkin Donuts unit that is situated on High Street between the two entrances to The Treaty Shopping Centre. [read more]

February 2017
Letting
Dartford : Unit 10 Priory Centre

  • Warren James completes in Dartford
Fawcett Mead has agreed a deal with jeweler Warren James for a prime retail unit at the Priory Shopping Centre, Dartford. Warren James signed a 10 year lease, with tenant only break at years 3 and 6, plus 12 months rent free. The tenant is paying £18,500 pa. Nick Carvey commented, “This former Co-op Travel store is in a prime location within the centre, adjacent to Poundland. Warren James is a successful and rapidly expanding retailer, having opened 22 stores in 2016. They are a perfect fit for the Priory.” [read more]