November 2020
Investment Sale
Scunthorpe : 103-105 High Street

  • Prime retail property located on the prime pedestrianised pitch
  • Price: £310,000
Fawcett Mead has recently acted on behalf of Kennedy Wilson for the sale of this property, situated on the towns pedestrianised thoroughfare.

Joe Baio commented “We have completed on this sale on behalf of Kennedy Wilson. Sold to a special purchaser off-market. The property is let to Boots Opticians Professional Services Limited until May 2022 and Timpson Limited until March 2024, sub-let to Max Spielmann.”
[read more]

November 2020
Investment Sale
Horsham : 6-7 Middle & Carfax Street

  • Prime retail property on the corner of Middle & Carfax Street
  • Passing Rent: £126,500, per annum
  • Net Initial Yield: 8.52%
  • Price: £1,400,000
Fawcett Mead has recently acted on behalf of Kennedy Wilson for the sale of this attractive retail unit, situated on the corner of Middle and Carfax Street.

The sale price of £1,400,000 reflects a Net Initial Yield of 8.52%.

Joe Baio commented "We are delighted to have completed on this sale on behalf of Kennedy Wilson. The property comprises a standalone High Street block let to two tenants who have shown commitment to the location post-COVID.”
[read more]

September 2020
Investment Sale
Harrow : 76/78 St Anns Road

  • Let to JD Sports and Costa with a WAULT of 4+ years
  • Passing Rent: £180,000 per annum
  • Net Initial Yield: 7.36%
  • Price: £2,300,000
Fawcett Mead has recently acted on the sale of this prime retail parade in Harrow.

The sale price of £2,300,000 reflects a net initial yield of 7.36% and a net equivalent yield of approximately 6.50%.

Joe Baio commented: “We are pleased to have completed on this sale on behalf of Columbia Threadneedle. There remains a strong appetite for well-let, prime high street assets in locations such as Harrow."
[read more]

August 2020
Investment Sale
Scarborough : 81 Newborough

  • Let entirely to Savers Beauty & Health on a new 5 year lease.
  • Passing Rent: £50,000
  • Net Initial Yield: 12.5%
  • Price: £385,000
Fawcett Mead has recently acted on behalf of Kennedy Wilson for the sale of this prime retail unit, situated in the prime pedestrianised pitch.

The sale price of £385,000 reflects a Net Initial Yield of 12.5%.

Joe Baio commented “We were very pleased to have completed on this sale on behalf of Kennedy Wilson. The sale successfully completed in lockdown with 1.5 years term certain on the lease.”
[read more]

July 2020
Investment Sale
Guildford : 47 North Street

  • Let to Marks & Spencer until 2028
  • Passing Rent: Passing Rent: £200,000 per annum
  • Net Initial Yield: 5.78%
  • Price: Price: £3,250,000
Fawcett Mead have recently acted on the sale of this attractive retail unit on North Street, let to Marks & Spencer until 2028.

The sale price of £3,250,000 reflects a net initial yield of 5.78%.

Jonathan Mills commented: “We are pleased to have completed on this sale on behalf of CBRE Global Investors. The property was purchased by Marks & Spencer in a clear vote of confidence in the store and location.”
[read more]

July 2020
Investment
Prime Unit Guildford High St : 137-139 & 141-143 High Street

  • Passing Rent: £434,500 per annum
  • Price: £5,100,000
Acting on behalf of Wesleyan Assurance Society, Fawcett Mead has purchased the freehold interest of 137-139 & 141-143 High Street, Guildford. The property is let to Hobbs and Le Creuset until June 2024. The property occupies a prime position on the pedestrianised High Street. TW Keil acted for the vendor. Tom Heptonstall commented “We are very pleased to secure the property at a significant discount to historic prime yields. We feel that the well configured units in a prime position within one of the UK most affluent city’s will prove to be a solid long term investment for our client” [read more]

July 2020
Investment Sale
Chichester : 66/66a East Street

  • Prime Retail property on East Street
  • Passing Rent: £279,500 per annum
  • Net Initial Yield: 8.75%
  • Price: £3,000,000
Fawcett Mead has recently acted on the sale of these two attractive retail units on East Street, Chichester’s prime retail thoroughfare.

The sale price of £3,000,000 reflects a net initial yield of 8.75% and a net equivalent yield of approximately 7.00%.

Jonathan Mills commented: “We are pleased to have completed on this sale on behalf of Aberdeen Standard Investments. The property comprises two attractive retail units and let to Specsavers and TSB on recentley re-gearded leases.
[read more]

July 2020
Investment Sale
Clapham Junction : 36-46 St Johns Road

  • 100% prime retail investment on St John’s Road, Clapham Junction. Let to Waitrose, Superdrug and L’Occitane
  • Passing Rent: £1,066,745 per annum
  • Net Initial Yield: 3.99%
  • Price: £25,000,000
Fawcett Mead has recently advised Legal & General on the sale of this prime, multi-let retail parade in Clapham Junction. 66% of the current income is secured to Waitrose until 2029. The sale price of £25,000,000, reflects a Net Initial Yield of 3.99%.

Jonathan Mills commented: “We are delighted to have completed successfully on this sale at an attractive exit price for Legal & General, in evidence of the continued attractiveness of the foodstore market in an otherwise very uncertain environment. The property was sold off market to a pension fund investor who we had identified as having a specific requirement for an investment that matched the subject property’s characteristics. The sale follows on from our £138m acquisition of Shopstop, Clapham Junction for DTZI and clearly demonstrates the continued investor appetite for Central London retail investment opportunities.”


[read more]

July 2020
Investment Sale
Scarborough : 81 Newborough

  • 100% Prime unit let to Savers
  • Passing Rent: £50,000 per annum
Acting for Kennedy Wilson, Fawcett Mead has sold the freehold interest in 81 Newborough to a private investor.

The property is let to Savers Health & Beauty Limited on a lease expiring in December 2023, with a tenant’s break option in December 2021, at a passing rent of £50,000 per annum.

Joe Baio commented, "We were very pleased to advise our client on the successful disposal of their freehold ownership on Newborough, which displayed a term certain of 1.5 years."
[read more]

May 2020
Investment Acquisition
Nottingham : 30-32 Clumber Street

  • Let to JD Sports until March 2024
  • Passing Rent: £255,000 per annum
  • Net Initial Yield: 7.85%
  • Price: £3,050,000
Acting on behalf of Wesleyan Assurance Society, Fawcett Mead has purchased the freehold interest of 30/32 Clumber Street, Nottingham. The property is let in its entirety to JD Sports until 24th March 2024. The property occupies a prime position on the pedestrianised Clumber Street. Green & Partners acted for the vendor. Tom Heptonstall commented “We are very pleased to secure the property at a significant discount to historic prime yields. We feel that the strong covenant of JD Sports and prime position within a major UK city will prove to be a solid long term investment for our client”
[read more]

March 2020
Investment Acquisition
York : 50 Coney Street

  • Let to Cancer Research until November 2023
  • Passing Rent: £90,000 per annum
  • Net Initial Yield: 9.11%
  • Price: £935,000
Fawcett Mead are pleased to have advised a syndicated purchaser on the acquisition of 50 Coney Street, York.

The freehold property provides 2,193 sq ft of accommodation over three floors and is located in a prime position on Coney Street.

The entire property is let to Cancer Research UK, expiring in November 2023.

Joe Baio commented, "We were pleased to be able to secure this 100% prime freehold investment on Coney Street at an attractive price for our client."

HRH Retail advised the vendor.
[read more]

February 2020
Investment Sale
Bournemouth : 24 Old Christchurch Road, Belfast House and Grevis Hall

  • Circa 100,000 sq ft offering numerous potentialdevelopment opporunites.
  • Price: £ 4,350,000
Fawcett Mead have recently acted on behalf of M&G on the sale of this House of Fraser department store in Bournemouth.

Jonathan Mills commented: “We are delighted to have completed on this sale on behalf of M&G for which we received very competitive bidding. The property occupies a prominent position in the middle of Old Christchurch Road in the heart of Bournemouth town centre and offers a number of interesting development opportunities.
[read more]

February 2020
Investment Acquisition
Clifton, Bristol : The Clifton Sausage

  • Let on a 25 year unbroken lease until November 2039
  • Passing Rent: Passing rent of £72,500 pax set at review in November 2019
  • Net Initial Yield: 6.53%
  • Price: £1,050,000
Fawcett Mead are delighted to have acted on the acquisition of this rare Clifton Village freehold, on behalf of a syndicated investor.

The restaurant has traded since 2002 and become a local institution. The property includes a flat on the first floor.

Kevin Conibear at Fleurets acted on behalf of the vendor.
[read more]

February 2020
Investment Sale
Milton Keynes : Roebuck Way

  • Let to 360 Play, a childrens soft play centre, until 2029
  • Passing Rent: £152,000 per annum (£12.93 psf)
  • Net Initial Yield: 7.7%
  • Price: £1,840,000
Fawcett Mead have recently acted on the successful disposal of this long leasehold leisure investment in Milton Keynes.

The property is let to 360 Play, a childrens soft play centre, until 2029 (without breaks).

The site comprises 1.2 acres with approximately 75 car parking spaces.

Joe Baio commented, "Following a best bids process, our client was extremely pleased with the exit, which was ahead of the quoting terms."

LSH acted for the purchaser.
[read more]

January 2020
Investment Sale
Yeovil - 23 Middle St

  • Prime retail investment with recent 5 year lease renewal to Trespass
  • Passing Rent: £32,500 per annnum
  • Net Initial Yield: 9.02%
Acting on behalf of the vendor, Fawcett Mead are pleased to conclude a successful sale of this prominent shop on prime Middle Street. [read more]

October 2019
Investment Sale
Sevenoaks : 3c Dorset Street & 6-10 Bank Street

  • Freehold investment in affluent London commuter town
  • Passing Rent: £99,000 per annum
  • Net Initial Yield: 7.9%
  • Price: £1,175,000
Fawcett Mead are pleased to have acted on the disposal of this attractive retail and leisure investment in Sevenoaks, on behalf of The Milton Group.

The property is let to Giggling Squid and two independent occupiers, producing a total rent roll of £99,000 per annum.

The purchase price of £1,175,000, reflecting a net initial yield of 7.9%.

Joe Baio commented: “Having undertaken an extensive asset management programme, our client decided to sell this property, which displayed a WAULT of 13 years. We were pleased to have secured a strong exit for our client."
[read more]

October 2019
Investment Acquisition
Lymington : 78-80 High Street

  • Prime retail investment in attractive maritime market town
  • Passing Rent: £180,000 per annum
  • Net Initial Yield: 6.63%
  • Price: £2,550,000
Fawcett Mead are delighted to have acted on the acquisition of this prime retail investment in Lymington, on behalf of a private pension fund.

The property is let to Poundland with 7 years unexpired and has unused uppers which have the potential to be redeveloped into residential accommodation.

The purchase price of £2,550,000 reflects a net initial yield of 6.63%.
[read more]

October 2019
Investment Acquisition
Kingston-upon-Thames : 4, 6 & 6a Clarence Street

  • 100% prime flagship retail bank investment
  • Passing Rent: £550,000 per annum
  • Net Initial Yield: 5.25%
  • Price: £9,820,000
Fawcett Mead have recently acted on the acquisition of this prime retail investment in Kingston-upon-Thames.

The property is situated in a highly prominent location on the pedestrianised Clarence Street and is let to the undoubted covenant of Barclays Bank UK PLC.

The purchase price of £9,820,000 reflects a net initial yield of 5.25%.

[read more]

September 2019
Acquisition, Letting & Sale
Royal Wootton Bassett : 37 High Street

  • On behalf of a private client, Fawcett Mead were delighted to complete the purchase, letting and subsequent investment sale of the above property.
A former NatWest Bank branch, the property was bought with vacant posession, let to Card Factory on a new 5 year lease at £28,750 per annum and sold at the Net Initial Yield of 6.5%. Card Factory were represented by Kearney Bell and the purchaser was represented by Savoy Stewart. [read more]

September 2019
Investment Acquisition
Plymouth : Units A, B & C Coypool Retail Park

  • Three retail warehouse units, let to B&M Retail, Harveys and Bensons for Beds
  • Passing Rent: £545,000 per annum
  • Net Initial Yield: 8.81%
  • Price: £5,800,000
Fawcett Mead has recently acted on behalf of an institutional investor on the acquisition of this retail warehouse investment in Plymouth, comprising 39,545 sq ft of internal floorspace.

The units are let to B&M Retail, Harveys and Bensons for Beds with a WAULT of 7.50 years.

The purchase price of £5,800,000 reflects a net initial yield of 8.81%.

Richard Bashford commented: "This investment offered a high initial yield and a relatively low capital value per sq ft plus opportunities for asset management. It is likely to benefit from the redevelopment of the china clay site nearby where there are proposals for a major residential development."
[read more]

August 2019
Investment Sale
Ilford : 135 - 139 High Road

  • 100% prime retail property let to M&S for a further 69 years
  • Passing Rent: £267,300 per annum
  • Net Initial Yield: 4.1%
  • Price: £6,050,000
Fawcett Mead have recently acted on behalf of M&G on the sale of this prime retail investment in Ilford.

The sale price of £6,050,000 reflects a net initial yield of 4.1%.

Jonathan Mills commented: "We were delighted to complete this sale on behalf of M&G. Offering a very long income stream and situated in a location that stands to improve significantly over the coming years, the property generated significant levels of interest and demonstrates that for the right product, there is still a very strong market."
[read more]

August 2019
Investment Sale
Camden : 40/42 Parkway

  • Mixed-use investment on one of the main commercial thoroughfares in Camden
  • Passing Rent: £130,732 per annum
  • Net Initial Yield: 3.20%
  • Price: £3,825,000
Fawcett Mead are pleased to have sold this prime retail investment in the world famous London suburb of Camden. The property was sold on behalf of an overseas private investor to a private investor client of BNP Paribas.

The sale price of £3,825,000 reflects a net initial yield of 3.20%.

Graham Fawcett commented: "The vendor was delighted with the price achieved for this asset. Secure, London investments remain incredibly popular and this transaction highlighted this."

[read more]

August 2019
Investment Sale
Stratford-upon-Avon : 8-9 High Street

  • Prime retail investment in affluent world tourist destination, let to Starbucks and Waterstones
  • Passing Rent: £192,000 per annum
  • Net Initial Yield: 6.35%
  • Price: £2,850,000
Fawcett Mead have recently acted on behalf of an institutional client on the sale of this prime retail investment in Stratford-upon-Avon.

The sale price of £2,850,000 reflects a net initial yield of 6.35%.

Tom Heptonstall commented: "In the current climate we were pleased to have a competitive bidding process with the property eventually secured by an institutional purchaser. The property offered secure income, which is still attractive in the investment market."
[read more]

August 2019
Investment Sale
Truro : 18-20 Boscawen Street

  • Let to Wilko Retail Ltd on a new 15 year lease from 2017
  • Passing Rent: £420,000 per annum
  • Net Initial Yield: 7.57%
  • Price: £5,225,000
Acting on behalf of CBRE Global Investors, Fawcett Mead have sold the Wilko store in Truro to an institutional purchaser for £5,225,000 which reflects a NIY of 7.57%.

The property comprises 38,423 sq ft and is let to Wilko on a 15 year lease from January 2017 at a rent of £420,000 pa.

Richard Bashford commented: " This is a prime unit in Truro and was let on a recently granted 15 year lease to Wilko, which made it an attractive investment."

The purchaser was represented by CBRE.
[read more]

June 2019
Investment Sale
Lincoln : 203 High Street

  • 100% prime investment let to TSB Bank
  • Passing Rent: £107,000 per annum
  • Net Initial Yield: 6.1%
  • Price: £1,650,000
Fawcett Mead have sold this 100% prime investment on Lincoln High Street for £1,650,000 which reflects a net initial yield of 6.1%.

Graham Fawcett commented: "Prime investments in strong cities remain very popular and we secured a sale of this property on an off market basis."
[read more]

May 2019
Investment Acquisition
Dorking : 87-99 High Street

  • Recently renewed lease to Barclays Bank Plc for 10 years with planning permission over the upper parts and rear
  • Passing Rent: £96,500 per annum
  • Price: £2,350,000
Fawcett Mead have recently acted on behalf of a private investor in the acquisition of this prime retail investment in Dorking.

The property comes with planning permission to create 8 residential units including 2 town houses for a purchase price of £2,350,000.

Tom Heptonstall commented: "Our client was very pleased with the investment with the benefit of planning permission to create 8 residential units, which they are able to start developing immediately".
[read more]

May 2019
Investment Acquisition
Chichester : 19 North Street

  • Prime shop let to Holland and Barrett
  • Passing Rent: £94,700 per annum
  • Net Initial Yield: 6.61%
  • Price: £1,350,000
Fawcett Mead have recently acted on behalf of a private investor on the acquisition of this prime retail investment in Chichester. The purchase price of £1,350,000 reflects a net initial yield of 6.61%.

Graham Fawcett commented: "This is an excellent purchase for our client, who is delighted, a quality town let to a fantastic retailer who trades well".
[read more]

April 2019
Investment Sale
Stratford-upon-Avon : Bards Walk

  • Prime retail investment in affluent world tourist destination
  • Passing Rent: £542,750 per annum
  • Net Initial Yield: 7.00%
  • Price: £7,200,000
Fawcett mead have recently completed on the sale of this prime retail investment in the historic market town of Stratford-upon-Avon, on behalf of Square Meter Asset Management.

The property is let to tenants including Pret A Manger, Pandora, Coventry Building Society and Coffee#1 and comes with residential planning permission for 7 units on the upper parts.

Tom Heptonstall commented: "We are delighted to have secured a strong price for our client in a challenging retail environment. The purchaser will be exploring widening the planning permission to create a larger residential scheme."
[read more]

March 2019
Investment sale
Loughborough : 1 Market Place

  • Let to the strong covenant of Costa Ltd
  • Passing Rent: £67,500 per annum
  • Net Initial Yield: 6.75%
  • Price: £945,000
Acting on behalf of Accrue Capital, Fawcett Mead has sold this retail investment to a private investor. The property occupies an extremely prominent corner location at the heart of the prime pitch and Costa had recently renewed. The purchase price reflects 6.75% NIY. [read more]

March 2019
Investment Sale
Norwich : 31 Market Place

  • New 10 year lease to Accessorize in one of the UK’s most affluent cities
  • Passing Rent: £105,000 per annum
  • Net Initial Yield: 6.70%
  • Price: £1,475,000
Fawcett Mead have recently acted on the sale of this attractive retail investment in Norwich on behalf of Catalyst Capital.

The property occupies a prime trading position, benefiting from significant footfall and is let to Accessorize on a new 10 year lease.

The sale price of £1,475,000 reflects a net initial yield of 6.70%.

Nick Carvey commented: "Norwich is a regionally dominant retail centre with a loyal catchment, offering a diverse retailing environment. This shop sits in the very centre of the retail pitch and should prove an attractive long term investment.”
[read more]

March 2019
Investment Sale
St Neots : Leisure Park

  • Prime leisure investment in affluent market town
  • Passing Rent: £525,547 per annum
  • Net Initial Yield: 6.75%
  • Price: £7,600,000
Acting on behalf of HPPUT, who were advised by Gerald Eve, Fawcett Mead has sold this prime leisure investment to Huntingdonshire District Council. The purchase price of £7,600,000 reflected a NIY of 6.75%. 92% of the income is attributable to Cineworld, Prezzo, Frankie and Bennys, Pizza Express and Britannia Parking, with a WAULT of c.18 years.

Nick Carvey commented: "Despite the challenges with the Prezzo CVA and Frankie & Bennys covenant post marketing, this property attracted a number of competitive bids and we are delighted to have secured a strong exit price for our client. Both parties are very happy with the result."

Huntingdonshire District Council were represented by Clay Street.
[read more]

January 2019
Investment Acquisition
Billericay : Link House, 56-70 High Street

  • 89% of the income is secured to national multiples
  • Passing Rent: £247,800 per annum
  • Net Initial Yield: 7.16%
  • Price: £3,250,000
Fawcett Mead have recently acted on the sale of this prime high street investment in the attractive commuter town of Billericay.

89% of the income is secured to national multiples including Holland & Barrett, Boots and Specsavers. Our client recently developed the upper parts into residential use, which were sold off separately prior to the sale.

A sale price of £3,250,000 reflects a net initial yield of 7.16%.

Tom Heptonstall commented: "We were delighted to have acquired the property for our client and acted on the retail agency during the hold period. Our client also developed the upper parts into residential units from vacant office space before we successfully disposed of the freehold. This has generated a healthy profit for our client, which they are very pleased with."
[read more]

January 2019
Investment Sale
Swindon : Cavendish Square

  • Freehold supermarket and pharmacy investment
  • Passing Rent: £199,800 per annum
  • Net Initial Yield: 6.0%
  • Price: £3,127,000
Acting on behalf of CBRE Global Investors, Fawcett Mead has sold this retail investment to Swindon Borough Council. The purchase price of £3,127,000 reflected a NIY of 6%. The property is let to Mid Counties Co-op and Lloyds Pharmacy with a WAULT of 14 years.

Richard Bashford commented: "This property is located in a densely populated busy residential suburb and occupies a large site area. It attracted a strong level of interest and competitive bidding".

Swindon Borough Council was represented by Hartnell Taylor Cook.
[read more]

January 2019
Investment Acquisition
Lancaster : 26 Penny Street

  • Let to the strong covenant of Holland & Barrett with an unexpired term of 7 years
  • Passing Rent: £114,750 per annum
  • Net Initial Yield: 7.5%
  • Price: £1,442,000
Fawcett Mead have recently acted on the acquisition of this retail investment in Lancaster.

The purchase price of £1,442,000 reflects a net initial yield of 7.5%.

Joe Baio commented: "We are pleased to have acted on the successful acquisition of this 100% prime shop in Lancaster. Lancaster is a regionally dominant retail centre and this should prove an attractive long-term investment for our client."
[read more]

January 2019
Investment Sale
Haywards Heath : 2-8 Sussex Road

  • High yielding, multi-let investment in affluent London commuter town
  • Passing Rent: £154,948 per annum
Fawcett Mead have recently acted on the sale of this retail investment in Haywards Heath. Joe Baio commented: "We were delighted to have advised Kennedy Wilson on the successful disposal of this freehold investment to a UK based property company. Both parties were pleased with the outcome." [read more]

January 2019
Investment Sale
Shirley, Southampton : 1/1D Park Street & 92 High Street

  • 25,140 sq ft of retail accommodation with 94% of income secured to Wilkinson Hardware Stores Ltd
  • Passing Rent: £172,500 per annum
  • Net Initial Yield: 8.12%
  • Price: £2,000,000
Fawcett Mead have recently acted on the sale of this retail investment in Shirley on behalf of Kennedy Wilson.

The sale price of £2,000,000 reflects a net initial yield of 8.12%.

Joe Baio commented: "We were very pleased to secure a strong price on behalf of our client. Both parties were delighted with the outcome."
[read more]

December 2018
Investment Sale
Bracknell : Co-op, Sparrowhawk Way

  • New convenience store let to Co-op on a 15 year lease. Five yearly rent reviews to CPI with a collar and cap of 1 and 3% pa compounded.
  • Passing Rent: £94,000 per annum
  • Net Initial Yield: 5.00%
  • Price: £1,770,000
Fawcett Mead has recently acted on the sale of this new build convenience investment on behalf of a developer client. The property is situated in the centre of a major new residential development that has seen more than 1,300 homes completed in the last 10 years. The property was sold off market and the sale coincided with Practical Completion. The purchaser was represented by Christopher Dee. [read more]

December 2018
Investment Acquisition
Clapham Junction : Shopstop

  • 2.3 acre mixed use site in the heart of Central London
  • Price: circa £137,000,000
Fawcett Mead have recently acted on behalf of DTZ Investors on the acquisition of this prime mixed-use investment in the heart of Central London.

Shopstop is formed of a site area of 2.3 acres and provides circa 74,500 sq ft of retail, leisure and office accommodation which benefits from being located at the main entrance to Clapham Junction railway station, Europe’s busiest railway interchange, with an estimated annual footfall of c. 31 million.

The property is 100% let to tenants including M&S Simply Food, Sainsbury’s, Monsoon, Superdrug and Fitness First. There is also office accommodation on the upper floors which is occupied by Moss Bros and acts as their UK headquarters. Over 20% of the current income is secured for over 10 years.

It is the first time that this property has been traded in the open market for 18 years. The acquisition of the strategically located 2.3 acre site offers numerous long-term opportunities, including inclusion in the area’s wider development plans, whilst being underwritten by the strong existing tenant line up and income profile.

Jonathan Mills commented: “We are delighted to have secured this acquisition for our client, DTZ Investors, against intense competition. Comprising a 2.3 acre, mixed use site in the heart of Central London, the property offers a multitude of asset management opportunities. The property represented a once in a generation opportunity to secure one of the most exciting repositioning projects in London.”
[read more]

November 2018
Investment Sale
Yeovil : Glovers Walk

  • Prominent shopping centre in the secondary retail pitch of Yeovil town centre
  • Price: £1,600,000
Fawcett Mead are pleased to have acted on the sale of this retail investment in Yeovil on behalf of an institutional client for a sale price of £1,600,000. Tom Heptonstall commented: "Our client is very pleased to have disposed of the assets as it is now too asset management intensive for the lot size and the overall size of the fund. The property has future development potential, which the purchaser will be able to benefit from in time". [read more]

November 2018
Investment Sale
Hounslow : 219/221 High Street

  • Prime retail and residential investment
  • Passing Rent: £165,000 per annum
  • Net Initial Yield: 5.95%
  • Price: £2,605,000
Fawcett Mead have recently acted on the sale of this prime retail and residential investment in the London borough of Hounslow, on behalf of an institutional client. The property comprises two self-contained residential units and a retail unit which is let to Sam 99p Limited. The sale price of £2,605,000 reflects a net initial yield of 5.95%. Tom Heptonstall commented: "We are delighted to have exceeded the quoting terms after a short targeted marketing campaign, we have a number of similar assets to sell so please get in touch if you have a requirement". [read more]

November 2018
Investment Acquisition
Bath : 12 Northgate Street and 9-11 Bridge Street

  • Mixed use retail, leisure, residential and office investment
  • Passing Rent: £378,900 per annum
  • Net Initial Yield: 5.50%
  • Price: £6,500,000
Fawcett Mead has recently acted for DTZ Investors on the purchase of this mixed use retail, leisure, residential and office investment in Bath city centre. The property was redeveloped in 2012 and is fully let to tenants including Joules, Turtle Bay and Cutler and Gross. It has a weighted average unexpired lease term of nearly 9 years. The purchase price of £6,500,000 reflected a net initial yield of circa 5.50%. Richard Bashford commented: "This investment provides a mix of uses and a strong income profile making it an attractive investment. Jones Lang LaSalle acted for the vendor." [read more]

October 2018
Investment Sale
Newbury : 13/15 Northbrook Street

  • 100% prime retail investment let to Wilko until 2025
  • Passing Rent: £295,000 per annum
  • Net Initial Yield: 6.50%
  • Price: £4,250,000
Fawcett Mead have recently acted on the sale of this prime retail investment in Newbury on behalf of CBREGI. The property occupies a 100% prime trading position and is let to Wilko until June 2025. The sale price of £4,250,000 reflects a net initial yield of 6.50%. Jonathan Mills commented: "We were delighted to conclude successfully the sale of this prime shop in Newbury on behalf of our client, CBREGI". [read more]

October 2018
Investment Sale
Romford : 105-111 South Street

  • Prime leisure investment in the busy London suburb of Romford
  • Passing Rent: £178,000 per annum
  • Net Initial Yield: 5.33%
  • Price: £3,145,000
Fawcett Mead have recently acted on the sale of this prime long-let leisure investment in Romford, Essex. The property is let to the strong covenant of Stonegate Pub Company Limited until March 2038. The sale price of £3,145,000 reflects a net initial yield of 5.33%. Tom Heptonstall commented: "We are delighted to have secured a strong exit price for our client after a "quiet" marketing campaign. Both parties were very pleased with the result." [read more]

October 2018
Investment Sale
Lowestoft : 110 London Road North

  • Well-located in the 100% prime retail pitch, let to Vision Express until 2021
  • Passing Rent: £35,000 per annum
  • Net Initial Yield: 6.75%
  • Price: £485,000
Fawcett Mead has recently acted on the sale of this prime retail investment in Lowestoft, Aitken Retail acted for the purchaser who was a private investor. The property is let to Vision Express until 2021. The sale price of £485,000 reflects a net initial yield of 6.75%. [read more]

September 2018
Investment Sale
M&Co Portfolio : 9 retail properties

  • Passing Rent: £407,500 per annum
  • Price: £4,109,000
Acting jointly with Acuitis, Fawcett Mead have sold 9 M&Co stores on a sale and leaseback basis. The stores in Wootton Bassett, Barnard Castle, Gosport, Cosham, Whitehaven, Trowbridge, Houghton Le Spring, Chester le Street and Ashington produced a total rent of £407,500. The total sale price was £4,109,000. Graham Fawcett commented: "We were delighted with this sale and it shows that rack rented assets sell well in the current market if they are priced correctly". The purchasers were private investors. [read more]

August 2018
Open Market Letting
Cheltenham : 2 Little Promenade

  • Acting on behalf of Kennedy Wilson, Fawcett Mead have completed a new letting to furnishing and interiors company India Jane, at a rent of £80,000 per annum.

August 2018
Investment Sale
York : 22-23 Parliament Street

  • Prime retail investment let to Boots Opticians until 2022
  • Passing Rent: £130,000 per annum
  • Net Initial Yield: 6.00%
  • Price: £2,038,000
Fawcett Mead have recently acted on the sale of this prime retail investment in York on behalf of a private investor. The property is let to Boots Opticians Ltd until 2022. The sale price of £2,038,000 reflects a net initial yield of 6.00%. Graham Fawcett commented: “We sold this property off-market and both parties were delighted with the result". [read more]

August 2018
Investment Sale
Bury St Edmunds : 27, 27A & 28 Buttermarket

  • Prime retail investment in highly affluent market town
  • Passing Rent: £176,000 per annum
  • Net Initial Yield: 8.90%
  • Price: £1,850,000
Fawcett Mead have recently acted on behalf of M&G Real Estate on the sale of this prime retail investment in Bury St Edmunds. 61% of the income is secured to AG Retail Cards Ltd (t/a Clintons) until December 2022. The sale price of £1,850,000 reflects a net initial yield of 8.90%. Jonathan Mills commented: "Having completed the asset management programme for our clients, M&G Real Estate, we were pleased to conclude the successful sale of this investment". [read more]

August 2018
Investment Sale
Truro : 93-94 Pydar Street

  • Prime retail investment let to Boots on a new 10-year lease
  • Passing Rent: £275,000 per annum
  • Net Initial Yield: 5.83%
  • Price: £4,425,000
Fawcett Mead has recently acted on the sale of this prime retail investment in Truro on behalf of CBRE Global Investors. The purchaser, a local authority, was represented by Cushman and Wakefield. The property is let to the Boots UK Limited on a 10 year lease from June 2017. The sale price of £4,425,000 reflects a net initial yield of 5.83%. Richard Bashford commented: "This is a prime, well configured shop which was let on a recently renewed lease. These factors made it an attractive investment, leading to a good level of demand and we are pleased with the price achieved". [read more]

August 2018
Investment Sale
Truro : 1 St Nicholas Street

  • Prime retail investment in dominant regional centre
  • Passing Rent: £72,500 per annum
  • Net Initial Yield: 6.50%
  • Price: £1,055,000
Fawcett Mead have recently acted on the sale of this prime retail investment in Truro on behalf of Kennedy Wilson. The buyer was a private investor. The property is let to Monsoon Accessorize Ltd until May 2023. Craig Cawthorne commented: "Truro is a regionally dominant retail centre with a loyal catchment, boosted by seasonal tourism. This shop sits in the very centre of the retail pitch and should prove an attractive long term investment". [read more]

August 2018
Investment Acquistion
London, Hammersmith : 49-63 King Street

  • Let to TK Maxx and Poundland
  • Passing Rent: £1,165,000 per annum
  • Net Initial Yield: 5.10%
  • Price: £21,400,000
Fawcett Mead has recently acted for PATRIZIA Immobilien AG on the acquisition of a flagship retail property at 49-63 King Street in Hammersmith, London, for EUR £21.4 million for one of their pan-European retail-focused funds.

This latest acquisition, the fund’s first in the UK, follows the fund’s strategy of investing in selected retail sectors.

The property comprises 62,430 sq ft of lettable space, split between two fully occupied units over basement, ground and two upper floors. The two tenants, TK Maxx and Poundland, have a remaining average lease term of 13.6 years. King Street is the prime shopping zone within the Borough of Hammersmith, situated in West London and just 10 minutes from Heathrow Airport.

KLM Retail and Cushman & Wakefield acted on behalf of the vendor.
[read more]

August 2018
Investment Sale
Barnstaple : 75 High Street

  • Prime retail investment let to Costa Ltd on a new 10 year lease
  • Passing Rent: £73,069 per annum
  • Net Initial Yield: 5.75%
  • Price: £1,200,000
Fawcett Mead have recently acted on the sale of this prime retail investment in Barnstaple, the seller and buyer were both private investors and Ocklestone Bailey acted for the buyer. The property is let to the excellent covenant of Costa Ltd on a new 10-year lease (TBO 6 years). Richard Bashford commented: "Barnstaple is a strong retail centre with a loyal catchment. This shop is in the prime retail pitch and the lease to Costa Coffee had recently been renewed making it a very attractive investment". [read more]

July 2018
Investment Sale
Isle of Wight : M&S Simply Food, Terminus Road, Cowes

  • Freehold town centre food store with annually received RPI linked income until 2035
  • Passing Rent: £188,803 per annum
  • Net Initial Yield: 4.50%
  • Price: £3,940,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Cowes, Isle of Wight. It is let to the excellent covenant of Marks and Spencer Food Ltd until May 2035. A sale price of £3,940,000 reflects a net initial yield of 4.50%. Jonathan Mills commented: "Food store index linked income is continuing to prove attractive to investors and we are delighted to have completed this sale for our clients, London Metric Plc". [read more]

July 2018
Investment Sale
Penrith : M&S Simply Food, 22-24 King Street

  • Freehold town centre food store with annually index linked income.
  • Passing Rent: £313,303 per annum
  • Net Initial Yield: 4.37%
  • Price: £6,720,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Penrith, which is well let to Marks and Spencer Food Ltd. A sale price of £6,720,000 reflects a net initial yield of 4.37%. Jonathan Mills commented: “Food store index linked income is continuing to prove attractive to investors and we are delighted to have completed this sale for our clients, London Metric Plc”. [read more]

July 2018
Investment Sale
Crewe : 25-29 Victoria Street & Unit 3 Victoria Shopping Centre

  • High-yielding retail investment in prime pitch, tenants include Holland & Barrett and Ryman
  • Passing Rent: £70,250 per annum
  • Net Initial Yield: 10.00%
  • Price: £667,000
Fawcett Mead are pleased to have acted on the sale of this high yielding retail investment in Crewe. The property comprises three shops, well-let to three extremely strong covenants including Holland & Barrett and Ryman. The sale price of £667,000 reflected a net initial yield of 10.00%. [read more]

July 2018
Investment Acquistion
Guildford : 115 High Street

  • Prime shop let to LK Bennett on a lease expiring in January 2026
  • Passing Rent: £285,000 per annum
  • Net Initial Yield: 4.50%
  • Price: £6,000,000
Fawcett Mead are pleased to have acted on the acquisition of this prime shop in Guildford on behalf of Columbia Threadneedle. The purchase price of £6,000,000 reflects a net initial yield of 4.50%. Richard Bashford commented: "This is one of the best shops in Guildford, one of the strongest retail centres in the UK and we were pleased to have secured the investment for our client in an off-market transaction". The vendor, Lothbury Investment Management, was represented by KLM Retail. [read more]

July 2018
Investment Sale
Cheltenham : 91-97 High Street

  • Two well-configured retail units let to Argos Ltd and Superdrug Plc
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 6.30%
  • Price: £2,850,000
Fawcett Mead are pleased to have acted for CBRE Global Investors on the sale of this prime retail investment in Cheltenham, which was bought by a private investor client of GCW. The property comprises of two well-configured retail units, let to Argos Ltd on a lease expiring in August 2022, with a co-terminus sub-lease to Superdrug stores Plc. The sale price of £2,850,000 reflected a net initial yield of 6.30%. Richard Bashford commented: "This pitch is set to improve substantially when John Lewis open their new department store nearby later this year. In addition, Cheltenham Borough Council is planning to undertake improvements to the pedestrianised area on this section of High Street." [read more]

July 2018
Investment Acquisition
Harrogate : Oakdale Place

  • 6.5 acre site in central Harrogate, let to David Lloyd Leisure Health Club on a new 35-year lease with RPI uplifts
  • Net Initial Yield: 3.40%
  • Price: £6,500,000
Fawcett Mead has acquired this prime leisure investment in Harrogate on behalf of an institutional client. The property has recently been let to David Lloyd Leisure Health Club on a new 35-year lease and offers a low rent of £3.60 per sq ft. The purchase price of £6,500,000 reflects a net initial yield of 3.40%. Tom Heptonstall commented: “We are delighted to have secured this prime long income investment in one of the UK’s top towns in an “off market” transaction. The property is let off a very low rent and is well underpinned by the land value " [read more]

July 2018
Investment Acquistion
Chichester : 19/20 East Street

  • Let to Joules Ltd
  • Passing Rent: £190,000 per annum
  • Net Initial Yield: 4.00%
  • Price: £4,450,000
Fawcett Mead has acquired this prime retail investment in Bath on behalf of a private investor client. The property has recently been let to Joules Ltd on a new 10-year lease. The purchase price of £4.45 million reflects a net initial yield of circa 4%. Smith Price acted for the vendor. [read more]

July 2018
Investment Sale
Zurich Portfolio : 22 Retail Properties

Fawcett Mead are delighted to have advised Columbia Threadneedle on the disposal of 22 retail properties throughout the UK with towns including Sheffield, Yeovil, Bognor Regis and Lichfield. The properties were let to a range of retailers on varying lease lengths. For more information please call Tom Heptonstall or Jonathan Mills. [read more]

July 2018
Investment Sale
Bury St Edmunds : 35 Cornhill

  • Let to Nero Holdings Ltd until June 2027, without break
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 4.59%
  • Price: £1,640,000
Fawcett Mead have acted on behalf of Legal & General on the sale of this prime retail unit in Bury St Edmunds. The property had recently been let by Fawcett Mead to Caffe Nero on a new 10-year lease without break. Tom Heptonstall commented: "We were pleased to be able to create a competitive bidding situation which enabled us to maximise the pricing for our client for this attractive investment". [read more]

May 2018
Investment Acquistion
Plymouth : Derrys Cross Leisure

  • Passing Rent: £888,431
  • Net Initial Yield: 5.20%
  • Price: £17,250,000
Fawcett Mead has recently acted on behalf of Plymouth City Council on the purchase of this freehold city centre leisure investment. The property comprises a Travelodge Hotel, a gym and four restaurants/bars. The purchase price of £17.25 million reflected a NIY of 5.20%.

The property has a WAULT of 17.45 years and 70% of the income is subject to indexed or fixed rental increases. Richard Bashford commented: “We were very pleased to secure this investment property on behalf of Plymouth City Council on an off market basis”.
[read more]

May 2018
Investment Sale
Kingston : 1 Church Street and 23 Market Place

  • Recently let on a new 15 year lease
  • Passing Rent: £210,000 per annnum
  • Net Initial Yield: 3.80%
  • Price: £5,150,000
Fawcett Mead has recently acted on behalf of Legal & General Real Assets on the sale of this prime retail investment in Kingston. The property had recently been let to Pret a Manger on a new 15-year lease and the sale price of £5.15 million reflects a NIY of 3.80%.
Richard Bashford commented: "This is an extremely attractive retail investment which generated strong demand and competitive bidding."
[read more]

May 2018
Investment Acquistion
Winchmore Hil : Green Dragon

  • Let to Waitrose Ltd on a new 15 year lease
  • Passing Rent: £243,000 per annum
  • Net Initial Yield: 4.36%
  • Price: £6,105,000
Fawcett Mead are pleased to have advised an institutional client on the acquisition of the above Little Waitrose, which is subject to five yearly RPI uplifts collar and capped at 2%-4% and benefits from 26 car parking spaces. The upper parts consist of two residential flat, which were bought on a per square foot rate. Tom Heptonstall commented “We are delighted to secure this off market investment, which is let to the highly desirable covenant of Waitrose, with RPI linked uplifts and car parking in North London”. [read more]

April 2018
Investment Acquistion
Glasgow : 130-140 Buchanan Street & 30-40 St Vincent Place

  • 100% prime retail block and adjoining office building
  • Price: £27,000,000
On behalf of Redevco, Fawcett Mead are pleased to have acted on the off-market, simultaneous acquisition of this prime retail and adjoining office block investment in Glasgow. The retail units are let to the strong national covenants of Starbucks and Edinburgh Woollen Mill whilst the adjoining office building comprising 50,000 sq ft is let in its entirety to the 5A1 covenant of Clydesdale Bank Plc with RPI linked rental uplifts until 2024. The combined acquisition price of £27,000,000 reflects a blended net initial yield circa 4.75%. Jonathan Mills commented: "We are pleased to have simultaneously secured these two properties for our clients Redevco, which adds to their substantial ownership in central Glasgow." [read more]

April 2018
Investment Sale
Okehampton : Co-op, Market Street

  • Passing Rent: £215,000
  • Net Initial Yield: 6.0%
  • Price: £3,365,000
Fawcett Mead has recently advised on a lease re-gear and subsequent investment sale of this supermarket investment, which was let to Co-op for a term of 10 years. The property was sold on behalf of Kennedy Wilson to West Devon District Council, and the price of £3,365,000 reflected a NIY of 6%. Savills advised West Devon District Council.

Richard Bashford commented: “After working with the occupational tenant to re-gear the lease and complete their asset management plan, our client was very pleased with the price achieved on this investment sale."
[read more]

April 2018
Investment Acquistion
Reading : 51 Broad Street

  • 100% prime retail parade
  • Net Initial Yield: £8,260,000
  • Price: 4.8%
On behalf of Columbia Threadneedle, Fawcett Mead are pleased to have acted on the acquisition of this 100% prime retail parade in Reading. Approximately 84% of the income is secured to minimum risk 5A1 covenants including Nationwide and Holland & Barrett, with a WAULT to expiry of 12.27 years. The acquisition price of £8,260,000 reflects a net initial yield of 4.8%. Jonathan Mills commented: "We are pleased to secure off-market this 100% prime retail parade for our clients Columbia Threadneedle, which completed their ownership of a substantial retail parade on Broad Street and now comprises one of the strongest UK high street ownerships." [read more]

April 2018
Investment Acquistion
Reading : 50 Broad Street

  • 100% prime retailing location on Broad Street
  • Net Initial Yield: 5.0%
  • Price: £3,200,000
On behalf of Columbia Threadneedle, Fawcett Mead are pleased to have acted on the acquisition of this 100% prime retail investment in Reading. The unit is let to the strong national covenant of Hotter Shoes on a 10-year lease expiring in 2025. The acquisition price of £3,200,000 reflects a net initial yield of 5.0%. Jonathan Mills commented: "We were pleased to secure this 100% prime unit for our clients Columbia Threadneedle, which completes their ownership of a substantial retail parade on Broad Street and now comprises one of the strongest UK high street ownerships." [read more]

April 2018
Investment Sale
Welwyn Garden City : 35-47 Howardsgate

  • Prominent, fully-let parade of 7 units
  • Passing Rent: £293,515 per annum
  • Net Initial Yield: 7.34%
  • Price: £3,750,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Welwyn Garden City. The property comprises a fully-let retail parade comprising seven well configured units. Tenants include Halfords, CEX, Martin McColl and Scrivens. A sale price of £3,750,000 reflects a net initial yield of 7.00%. [read more]

April 2018
Investment Sale
Woodley : 81/109 Crockhamwell Road

  • Passing Rent: £499,341 per annum
  • Net Initial Yield: 7.0%
  • Price: £6,900,000
Fawcett Mead are pleased to have acted on the sale of this secure retail investment with significant development potential in Woodley. It is let to excellent covenants including Iceland Foods Ltd, Boots UK Ltd and Santander. A sale price of £6,900,000 reflects a net initial yield of 7.0%.

Tom Heptonstall commented: “We are delighted to have acted on behalf of Schroders in the disposal of the subject property. We managed to achieve a strong price after quiet “off-market” marketing, which worked with our clients objectives.”
[read more]

March 2018
Investment Acquistion
Streatham : 350-372 High Street

  • Let to Aldi Stores Ltd, Marks and Spencer Plc and The Gym Ltd
  • Passing Rent: £994,352 per annum
  • Net Initial Yield: 4.00%
  • Price: £23,300,000
Fawcett Mead recently advised LaSalle Investment Management in the off-market acquisition of the above property. The property was multi-let to Aldi Stores Ltd on a 20-year lease, without break, with 5 yearly RPI linked rent reviews with a collar and cap at 1.75%-3.75%, Marks and Spencer Plc on a 20-year lease, without break, subject to 5 yearly RPI linked rent reviews with a collar and cap at 1%-4% and The Gym Ltd on a 20-year lease without break, subject to 5 yearly RPI linked rent reviews with a collar and cap at 2%-4%. The property also benefits from c.80 car parking spaces, which are shared between the tenants. Tom Heptonstall commented, “We are delighted to have secured this highly desirable institutional asset direct from the developer in a competitive market for long secure income with RPI uplifts.” [read more]

March 2018
Investment Sale
Walsall : Victorian Arcade, Bradford Street

  • Attractive Victorian arcade located on the pedestriansed pitch
  • Passing Rent: £400,398 per annum
  • Net Initial Yield: 9.10%
  • Price: £4,125,000
Fawcett Mead are pleased to have acted on the sale of this high-yielding retail arcade in Walsall. A sale price of £4,125,000 reflects a net initial yield of 9.10%. Tom Heptonstall commented: "We are pleased to have acted on the sale of this challenging high-yielding retail arcade in Walsall. The property comprises an attractive Victorian Arcade with asset management angles for the purchaser to pursue". [read more]

March 2018
Investment Acquistion
Crawley : 1-21 The Martlets

  • 10 well-configured retail units
  • Passing Rent: £1,352,100 per annum
  • Net Initial Yield: 7.53%
  • Price: £18,000,000
Acting on behalf of Kames Capital, Fawcett Mead are delighted to have acted on the acquisition of this 100% prime retail parade in Crawley. Tenants include H&M, Topshop, Sports Direct, NCP and EE, with a WAULT until expiry of circa 6 years. The acquisition price of £18,000,000 reflects a net initial yield of 7.53%.

Jonathan Mills commented: "We are delighted to have secured this attractive investment proposition for our clients, Kames Capital. The property comprises a 100% prime retail parade, let to very strong covenants and offers a number of interesting asset management opportunities for our clients."
[read more]

February 2018
Investment Sale
Whitstable : Unit 1, 134 Cromwell Road

  • Let to the Southern Co-Operative Ltd on a new 15 year lease
  • Passing Rent: £80,000 per annum
  • Net Initial Yield: 5.38%
  • Price: £1,400,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Whitstable. The property is let to the Southern Co-Operative Ltd on a new 15 year lease without breaks. A sale price of £1,400,000 reflects a net initial yield of 5.38%. [read more]

February 2018
Investment Sale
Shipley : Market Street

  • Let to Co-Operative Group Ltd
  • Passing Rent: £48,200 per annum
  • Net Initial Yield: 6.79%
  • Price: £675,000
Fawcett Mead are pleased to have acted alongside Acuitus on the sale of this long let retail investment in Shipley on behalf of Kennedy Wilson. A sale price of £675,000 reflects a net initial yield of 6.79%. [read more]

February 2018
Investment Sale
Newquay : 10-10a Bank Street

  • Let to Holland & Barrett Retail Ltd until 2027
  • Passing Rent: £59,000 per annum
  • Net Initial Yield: 6.90%
  • Price: £810,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Newquay. The property is let to Holland & Barrett Retail Ltd until 2027. A sale price of £810,000 reflects a net initial yield of 6.90%%. [read more]

February 2018
Investment Sale
Newcastle-Under-Lyme : 1-2 Castle Walk

  • Let to New Look until 2022
  • Passing Rent: £130,000 per annum
  • Net Initial Yield: 8.50%
  • Price: £1,440,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Newcastle-Under-Lyme. The property is let to New Look Retailers Ltd until 2022. A purchase price of £1,440,000 reflects a net initial yield of 8.50%. [read more]

February 2018
Investment Sale
Harlow : 32 Broadwalk

  • Let to WH Smith on a new 5 year lease
  • Passing Rent: £100,750 per annum
  • Net Initial Yield: 7.35%
  • Price: £1,295,000
Fawcett Mead are pleased to have acted on the sale of this 100% prime retail investment in Harlow. The property is let to WH Smith on a new five year lease. A purchase price of £1,295,000 reflects a net initial yield of 7.35%. [read more]

January 2018
Investment Sale
St Austell : 23/23a Fore Street

  • Let to Poundland Ltd until May 2025
  • Passing Rent: £165,000 per annum
  • Net Initial Yield: 8.36%
  • Price: £1,800,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in St Austell on behalf of CBRE Global Investors. The property is let to Poundland Ltd until May 2025. A sale price of £1,940,000 reflects a net initial yield of 8.00%. [read more]

January 2018
Investment Sale
Newquay : 10 Bank Street

  • Let to Holland & Barrett and a hairdressing salon
  • Passing Rent: £59,000 per annum
  • Net Initial Yield: 6.90%
  • Price: £810,000
Fawcett Mead are pleased to have acted on behalf of a private investor to relet the former Store Twenty One and complete on a subsequent sale of this prime retail investment in Newquay. A purchase price of £810,000 reflects a net initial yield of 6.90%. [read more]

January 2018
Investment Sale
Weymouth : 11-12 St Mary Street

  • Let to Bonmarche Ltd and Yours Clothing Ltd
  • Passing Rent: £134,500 per annum
  • Net Initial Yield: 7.25%
  • Price: £1,740,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Weymouth. A purchase price of £1,740,000 reflects a net initial yield of 7.25%. [read more]

January 2018
Investment Sale
Bournemouth : 28-34 Old Christchurch Road

  • Tenants include Ernest Jones, Holland & Barrett, Loungers and Waterstones
  • Passing Rent: £363,750 per annum
  • Net Initial Yield: 7.00%
  • Price: £4,875,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Bournemouth. The sale price of £4,875,000 reflects a net initial yield of 7.00%.
Jonathan Mills commented: "We were delighted to have acted on this sale for LaSalle, where we were able to generate a competitive bidding situation and sell to an institutional purchaser".
[read more]

January 2018
Investment Acquistion
Chatham : 184 - 190 High Street

  • Let to Primark for a term expiring in August 2029
  • Passing Rent: £275,000
  • Net Initial Yield: 5.50%
  • Price: £4,695,000
Fawcett Mead are pleased to have acted on the acquisition of 184-190 High Street, Chatham. A purchase price of £4,695,000 reflects a net initial yield of 5.50%. [read more]

January 2018
Investment Sale
Barnstaple : 72 High Street

  • New 10 year lease to JD Sports
  • Passing Rent: £120,000 per annum
  • Net Initial Yield: 5.82%
  • Price: £1,940,000
Fawcett Mead are pleased to have acted on the sale of this prime retail investment in Barnstable. The sale price of £1,940,000 reflects a net initial yield of 5.82%. [read more]