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A new sublease has been agreed for a term of 7 years from August 2006 on this property at a rental of £25,000 pa. The unit comprised approximately 248 sqm (2,666 sq ft). The planning use is A1 and the unit will be operating as an internet café.

The Lessors were represented by Fifield Glyn and Roberts & Roberts. The Lessee was not represented.

For further information please contact: Rod Welfare Fifield Glyn 0207 932 0505.

Alastair Gibson Chartered Surveyors of Hale, Cheshire has merged into Fifield Glyn.

Alastair Gibson FRICS is now a Consultant to Fifield Glyn and can be contacted on 01606 351 351.

Acting on behalf of the owners, Cadnant Properties, Fifield Glyn have renegotiated the Lease terms with the Tenant, Alphyra UK Ltd. who operate “PAYzone” Europe’s leading branded retail network for the collection of cash payments.

Alphyra have entered into a new 10-year FRI Lease of Davidson House which comprises 10,629 sq.ft. (987.4m²), together with 50 car spaces at an Initial Rental of £150,000 pa, which equates to £14.11 psf. As part of the negotiations, the Landlord refurbished the accommodation which included redecoration, new floor coverings, ceilings and approved air conditioning.

Fifield Glyn have been instructed by a private Manchester-based Client to manage the Bluebird Trading Estate and Park Lane Trading Estate, Park Lane, Wolverhampton following the recent acquisition of the property.

The property comprises 74 units totalling 157,000 sq.ft. Fifield Glyn have also been retained to undertake the Agency for both of the sites. For further detail of availability contact Charles Fifield 01606 351 351 charles.fifield@fifieldglyn.com

Bolton based Townson Estates have sold The Arcade, Dewsbury, a Victorian Retail Arcade with 18 units for a figure close to £1,500,000.

The property was acquired almost 2 years ago at a price of £1,000,000 when 5 of the units were vacant. Recognising the opportunity to “add value” Townson Estates acquired The Arcade through Fifield Glyn who were subsequently instructed to manage the property and let the empty space.

After the installation of a new shop front to the main elevation fronting Market Place and the completion of essential repairs and maintenance, The Arcade became an increasingly popular location for a number of local traders and has been fully occupied since October 2005.

The property was entered in to Allsops’ Auction with Fifield Glyn acting as Joint Auctioneers on 22 March but, such was the interest from a number of prospective buyers, contracts were exchanged almost 3 weeks before the date of the auction.

The sale price reflected a net initial yield of just under 7%.

Fifield Glyn have been instructed by private investors to manage the Tollgate Shopping Centre in Smethwick following their recent acquisition of the site.

The Centre comprises 78,000 sq.ft. over 18 units anchored by Tesco.

Fifield Glyn have been instructed by Kier Property to manage Black Rock Mills Industrial Estate, Linthwaite, Nr Huddersfield following the recent acquisition of the estate.

The Estate comprises 44 units totalling 135,000 sqft and was purchased in December 2005 as part of a larger 9 site development portfolio.

Acting on behalf of Willan Developments, Fifield Glyn have arranged the sale of Unit 3, Royal Court on Gadbrook Park to Home & County Mortgages Ltd. who have relocated from Tabley in Cheshire. The newly constructed offices comprising approximately 4,650 sq.ft., together with 18 car spaces, was sold close to the asking price of £720,000.

Royal Court is located on Gadbrook Park and comprises two blocks of 5 self-contained offices which have recently been constructed and are available for sale or to let. Offices are available from 4,347 sq.ft. up to 20,299 sq.ft. plus parking. For further details go to the Available Properties page.

Acting on behalf of the stockbrokers, Morgan Stanley Quilter, Fifield Glyn have advised in connection with the surrender of their existing offices on St. John Street in central Manchester and the acquisition of the 4^th Floor at The Pinnacle on King Street. The Pinnacle, which was recently voted “Manchester’s Office Building of the Year”, was extensively rebuilt by Property Alliance Group and provides Grade A office accommodation.

The 4^th Floor forms part of a building that has fully glazed curtain walling and benefits from air conditioning with underfloor cable management systems, LG3 compliant lighting and a new impressive entrance lobby. Fifield Glyn were also retained to advise in connection with the Project Management of the fit-out of the new offices.

Subsequently, instructions have also been given to dispose and relocate Morgan Stanley Quilter’s Liverpool office.

Acting on behalf of Osborne House Ltd., Fifield Glyn have acquired a Freehold office building known as Drake House on Gadbrook Park. The building, which comprises 11,700 sq.ft., together with 50 car spaces, has recently been subject to a comprehensive refurbishment to provide new Grade A office accommodation.

Fifield Glyn were retained to advise in connection with the Project Management of the refurbishment and also disposing of the completed office on either a Freehold or Leasehold basis. For further details go to the Available Properties page.