Chelmsford, 86 High Street CM1 1DX

Completed 


Norwich, 27-29 Gentleman's Walk

Douglas Stevens & Company have disposed of the freehold interest in 27-29 Gentleman’s Walk, Norwich, occupied by WH Smith, on behalf of a private client.  There are four years remaining on the occupational lease, and the property was sold at the asking price of £7m – a 6.3% NIY.

Completed


Bognor Regis, 4-4c London Road

Douglas Stevens & Co are pleased to announce that they have acted on behalf of PRUPIM in the disposal of 4-4C London Road, Bognor Regis.

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


Harlescott Retail Park, Shewsbury

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

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


Unit 37-39 City Arcade, Coventry

 

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%.

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


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


13 & 13a High Street, Hitchin

 

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.

Completed


1 & 1a Mere Street, Diss

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.

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


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


Budgens, Parsons Green SW6

 

This property is currently under offer, the asking price was £1.4 million.

Completed


9/10 Windmill Street, London W1T

 

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


Winchester Road, Swiss Cottage NW3

 

The newly constructed property occupies a prominent position on Winchester Road, approximately 0.1 miles from Swiss Cottage Underground Station. 

Completed


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.

Completed


20 High Street, Chelmsford

 

The building was let in its entirety to Abbey National PLC (now registered as Santander UK PLC), on a 15 year full repairing and insuring lease from 23rd January 2008, at a passing rent of £245,000 per annum exclusive. There are five yearly upward only rent reviews and no breaks.

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


The Corn Exchange Maidstone

Completed