Douglas Stevens - A Commercial Property Specialist

20 High Street, Chelmsford

For further information contact: Surveyors: Dominic Chambers, Jamie Simister Telephone: 0207 514 8210, 0207 514 8205 dominic.chambers@douglasstevens.co.uk, jamie.simister@douglasstevens.co.uk

67 High Street, Maldon, CM9 5EP

For further information contact: Surveyors: Dominic Chambers, Jamie Simister Telephone: 0207 514 8210, 0207 514 8205 dominic.chambers@douglasstevens.co.uk, jamie.simister@douglasstevens.co.uk

Whetherspoons St. Albans - Cross Quays

Acting on behalf of the purchaser, this property was aquired from Receivers for the sum of £1.45 million, reflecting a net initial yield of 6.08%.

Completed

The Long Barn, Cippenham, Slough

This property is traded by Punch Taverns and sold for £900,000, reflecting a net initial yield of 7.64%.

Completed

Stafford Retail Park - Dreams and Two Vacant Units

Sold at £4.1 million, it is difficult to analyse a net initial yield on this transaction due to the voids at the time of the sale. The units are anticipated to be occupied by Dunelm.

Completed

Punch Taverns, Fishponds, Bristol

This property occupies an etremely secondary position in Fishponds Road, Bristol, and ws sold for £680,000 reflecting a net initial yield of 9.01%.

Completed

AMF Bowling

Acting on behalf of Chester Properties a sale and leaseback package was agreed with AMF Bowling, equating to £16.6 million reflecting a net initial yield of 9.3%. This enabled AMF to rationalise their company.

Completed

22/22A High Street, Stamford

This Grade II listed property was let to Superdrug and sold at a figure of £2 million reflecting a net initial yield of 5.45%.

Completed

9/10 Windmill Street, London

This property was let to Atelier at a rental of £50,000 per annum and was sold in September 2010 in the sum of £615,000, showing a net initial yield of 7.69%.

Completed

6/7 Market Place, Saffron Walden

This investment was let to the Co-op on a 15 year lease and recently sold at a figure of £3.25 million reflecting a net initial yield of 5.38%. The property had annual guaranteed rental uplifts.

Completed

21 High Street, Hitchin

This property was let to Shoe Zone from 28 January 2008 for a term of 10 years. The investment was sold for £1 million reflecting a net initial yield of 7¼%.

Completed

Tesco, Crowborough

This property was purchased on behalf of Threadneedle for £7.5 million, reflecting a net initial yield of just below 5%. This property was a former Focus and was assigned to Tesco Stores.

Completed

St. Albans Retail Park, Bedford

This retail park anchored by Focus and Mothercare was purchased on behalf of Metric for a sum of £9.2 million, off market.

Completed

Harlescott Retail Park, Shrewsbury

This property was purchased early 2010 for £8.2 million, reflecting a net initial yield of around 6.92%.

Completed

1 & 1a Mere Street, Diss, IP22 4AD

1 & 1a Mere Street, Diss – a prime retail investment let to Holland & Barrett Retail Ltd until 9th October 2025 at £45,000 per annum excludingusive, subject to fixed uplifts in 2015 and 2020. Offers are invited in excess of £695,000 for the freehold interest, subject to contract and excluding VAT. Surveyors: Jamie Simister/Dominic Chambers Telephone: 0207 514 8205/8210 jamie.simister@douglasstevens.co.uk
dominic.chambers@douglasstevens.co.uk

Completed

13 & 13a High Street, Hitchin SG5 1AT

13 & 13a High Street, Hitchin – Prime retail investment in an historic market town let to Vodafone and Thomson. Offers invited in excess of £1,692,000 stc and excluding VAT reflecting an initial yield of the current passing rents of approximately. 7% net of purchaser’s costs. Surveyors: Jamie Simister/Dominic Chambers Telephone: 0207 514 8205/8210 jamie.simister@douglasstevens.co.uk
dominic.chambers@douglasstevens.co.uk

26 - 28 High Street Brentwood

26-28 High Street, Brentwood – a high yielding prime town centre multi-let retail investment. Tenants include Caffe Nero, Toni & Guy and Vision Express producing £252,650 pax. Offers invited in excess of £3,150,000 stc and excluding VAT. This reflects a 7.58% net initial yield. Surveyors: Jamie Simister/Dominic Chambers Telephone: 0207 514 8205/8210 jamie.simister@douglasstevens.co.uk
dominic.chambers@douglasstevens.co.uk

Stead and Simpson, 41 Church Street, Cromer, Norfolk

41 Church Street, Cromer – Prime retail investment let to Shoe Zone Ltd t/a Stead & Simpson for 15 years from 9th December 2008 at £50,000 pax. Offers invited in excess of £800,000 for the freehold interest stc and excluding VAT. Surveyors: Jamie Simister/Dominic Chambers Telephone: 0207 514 8205/8210

Completed

Unit 37-39 City Arcade Coventry, CV1 3HT

Unit 37-39 City Arcade, Coventry – high yielding city centre retail investment let to Argos Distributors on a 25 year lease from 22 Aug 1994 at £250,000 pax subject to further review. Offers invited in excess of £2,950,000 stc and excluding vat reflecting a net initial yield of 8%. Surveyors: Nick Cook Telephone: 0207 514 8215 nick.cook@douglasstevens.co.uk

The Corn Exchange Maidstone ME14 1PL

For further information contact: Surveyors: Nick Cook Telephone: 0207 514 8215 nick.cook@douglasstevens.co.uk

Completed

Winchester Road Swiss Cottage NW3 3NT

For further information contact: Surveyors: Dominic Chambers, Jamie Simister Telephone: 0207 514 8210, 0207 514 8205 dominic.chambers@douglasstevens.co.uk, jamie.simister@douglasstevens.co.uk

RETAIL & LEISURE AGENCY

Douglas Stevens & Co are a niche practice and offer a wealth of experience on all aspects of retail and leisure property agency, from unit shop acquisitions and disposals to strategic advice, asset management and master planning of shopping centres, high street, retail parks and mixed use buildings, whilst providing on-going development appraisal, leasing and valuation input.
The team currently acts for a number of institutions aswell as private landlords and are instructed on some 30 shopping centres throughout the UK and Scotland.
DS & Co also act for retailers on proposed acquisitions for clients including Primark, Muffin Break, Jennings Bookmakers and KFH.

Agency Team

Douglas Stevens 020 7514 8206 douglas.stevens@douglasstevens.co.uk	Jamie Simister 020 7514 8205 jamie.simister@douglasstevens.co.uk	Nick Clark 020 7514 8204 nick.clark@douglasstevens.co.uk
Trevor Pyne 0207 514 8208 trevor.pyne@douglasstevens.co.uk	Richard Mills 020 7514 8203 richard.mills@douglasstevens.co.uk
Dominic Chambers 020 7514 8210 dominic.chambers@douglasstevens.co.uk	Nick Cook 020 7514 8215 nick.cook@douglasstevens.co.uk