The Colonel comes to Taunton
BP Investment Management solely represented by ESH have successfully completed a new letting to Euro Garages t/a KFC at Taunton Retail Park.
Euro Garages have taken an unbroken 20 year lease on the former Pizza Hut unit extending to 3,163 sq ft GIA, which has been converted from a standalone restaurant unit into a fully functioning drive-thru unit. The rent agreed with the tenant pushes forward the rental income from this unit and the introduction of the drive-thru lane ensures the space is now aligned more closely with modern occupier requirements.
Loughborough gets the Royale treatment
Surrey County Council, solely advised by ESH, has completed a new letting to Burger King at Willowbrook Retail Park in Loughborough.
The global burger chain has taken a new 20 year lease on the former Pizza Hut unit, which extends to approximately 3,640 sq ft and occupies a prominent roadside position, fronting Derby Road. The deal was concluded in a timely fashion and significantly enhances the rental income from this unit.
Hattrick of deals at 28 East Retail Park
Savills IM, jointly advised by ESH and Xprop, has completed a trio of lease regears at 28 East Retail Park in Newport.
The Range have committed to a new 15 year lease to 2037, whilst B&M and Halfords have both signed 5 year reversionary leases, extending their occupation to 2032 and 2028 respectively. These initiatives not only demonstrate the retailers commitment to the scheme, but also significantly enhanced the WAULT whilst maintaining the income profile.
ESH advises on acquisition of long-let Premier Inn
ESH have advised their private client on the acquisition of the Premier Inn in Birkenhead for a purchase price of £4,700,000. Stephens Maguire acted for the vendor.
The property is a 67 room hotel occupied by Premier Inn with an attractive unexpired term for over 12 years to break and 17 years to expiry.
GJL Property Developers fully let Friary Retail Park
Acting on behalf of GJL Property Developers Limited, ESH along with joint agents Harvey Spack Field have transformed the scheme from 1 trading tenant in June 2022 to a fully let position in 4 months.
New lettings have been agreed with Majestic Wine, IVC Evidensia and The Gym Group. Please contact Chris Fenton further.
Savills IM brew new Costa and Greggs lettings in Uttoxeter
Savills Investment Management on behalf of the Charities Property Fund has completed two new lettings to Costa Coffee and Greggs at Dovefields Retail Park in Uttoxeter.
Costa and Greggs have both signed new 10 year leases on 1,861 sq ft GIA & 1,518 sq ft GIA respectively. The unit formerly occupied by a Frankie & Benny’s restaurant has been subdivided by the Landlord to suit operator requirements. The Costa is now open and Greggs is set to open shortly.
ESH acted solely on behalf of Savills IM.
ESH represented Nuveen Real Estate on disposal of West Midlands retail warehouse unit
Nuveen, represented by ESH, have disposed of the Matalan in Kidderminster to a private investor fo...
Lidl disposes of south east long income asset
ESH are pleased to have advised Lidl on the sale of Charters Estates Agents ...