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Private investment clients of Fifield Glyn have purchased a freehold retail investment at 44 Bridge Street, Worksop at a price of £467,500, reflecting a net initial yield of 6.85%.

 

The ground floor of the property is let to Done Brothers (Cash Betting) Limited on FRI Terms for 10 years from 25 December 2002 at a rent of £33,500 p.a.

Jean-Luc Baroni Ltd have taken a 8 year FRI Lease from August 2003 on this property at a rental of £35,000 pa. The ground floor comprised 725 square feet, the basement 403 square feet. The Tenants were represented by Fifield Glyn (0207 932 0505).

Sheltone Properties Ltd. have purchased a freehold retail investment at 12 Temple Street, Keynsham at a price of £417,500, reflecting a net initial yield of 6.06%.

 

The property is let to Specsavers Optical Superstores Ltd. by a 15 year FRI Lease from 17 February 2000 at a passing rent of £26,500 p.a.  The Vendor was a private Client of Carter Baynes and Sheltone Properties Ltd. were represented by Fifield Glyn.

Clients of Fifield Glyn have purchased a freehold retail investment at 64 George Street, Altrincham at a price of £550,000, reflecting a yield of 7.0%.

 

The property is let to Carphone Warehouse Plc at a rent of £41,000 p.a. until November 2007.

Clients of Cooper Martin have sold a freehold shop investment at 45 Spring Gardens, Buxton, adjoining M&S, to Sheffield Mutual Friendly Society represented by Fifield Glyn and Hill Dickinson, for £282,500 reflecting 6.6% yield. 

 

The shop is let to Claire’s Accessories Ltd on a 10 year FRI Lease from 27 May 2003 with 5 year Rent Reviews at £19,500 pa.

Acting on behalf of Sodexho Ltd., Fifield Glyn have arranged a Sub-Letting of their office premises, 3/4 Brickfield Business Centre, Manchester Road, Northwich to Career Vision Ltd. 

 

The premises comprising 349m² (3,760 sf) have been sub-let for the remainder of the term at a passing rent of £32,400 pa.  The Lease is subject to a Rent Review in 2005.

 

Morgan Stanley Quilter have taken a 10 year FRI Lease from 14 July 2003 of part of the 2nd Floor of Hambledon House, 19-16 Lower Pembroke Street, Dublin 2 at a rental of E237,650 pa rising to E248,500 pa.. The suite comprised 5,425 square feet.

The Landlords were represented by Druker Fanning & Partners (00353 1679 7007).  The Tenants were represented by Rod Welfare of Fifield Glyn (0207 932 0505).

Alexander Kennedy & Sons Ltd trading as Klick have taken a 10 year FRI Lease from 06 May 2003 of 24 Montague Street, Worthing, at a rental of £19,000 pa.

 

The ground floor comprised 244 square feet, the first floor 230 square feet and the second floor 205 square feet.

 

The Landlords were represented by Fifield Glyn (0207 734 4743).

Fifield Glyn of London W1 has merged with Fifield Glyn Limited of Gadbrook Park, Cheshire.  Roderic L Welfare BSc MRICS becomes an Equity Director.  The Lord Wolverton FRICS has retired.

 

The combined firm will continue to practice from both locations.

 

Private investment clients of Fifield Glyn have acquired a freehold food manufacturing facility at Abenbury Way, Wrexham Industrial Estate, Wrexham.

The modern 7,772 sq. metre (76,123 sq.ft.) was acquired from Delta Dailyfood (UK) Limited, manufacturers of high quality frozen ready meals, who simultaneously entered into a new 17 year FRI lease at a commencing rent of £270,000 p.a.  The purchase price of £2,650,000 represents a net initial yield of 9.64%.