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Evans of Leeds have sold the B & Q Retail Warehouse at Currock Road, Carlisle to Clients of Fifield Glyn (01606 351351). Purpose built in 1982 it extends to about 29,484 sq.ft. with 175 car spaces and is let to B & Q (Retail) Ltd. on a 35 year FRI Lease from 25 December 1982 at a current rental of £191,300 p.a. The purchase price was £2.1 million (8.6%).

Acting for Topland Group, Fifield Glyn have acquired a freehold retail warehouse investment at Wharton Retail Park, Winsford, Cheshire.

The property comprises a modern retail warehouse of 22,000 sq. ft. with garden centre. It is let on a Full Repairing and Insuring Lease to Focus DIY for a term of 25 years from 29 September 1994 (over 17.75 years unexpired) at a current rent of £171,128 p.a. subject to 5 yearly upward only rent reviews.

The purchase price of £2.13 million represents a net initial yield of 7.6%.

Commenting on the acquisitions, Stephen Jones of Fifield Glyn said “my clients were pleased to secure the purchase of this property in the face of competition from other interested parties. The investment provides an attractive net initial yield, particularly when you consider the reversionary passing rent, which equates to only £7.78 PSF and which provides the platform for further rental growth”.

Edward G. Fifield, BSc, MRICS has become a Director at Fifield Glyn (01606 351351) where he will continue to be responsible for Property Managment matters.

Edward was born in 1972 and commenced practice in 1995 with King Sturge & Co. after graduating from the Royal Agricultural College, Cirencester. He was elected an Associate of the Royal Institution of Chartered Surveyors in 1997.



In 1997 he joined Fifield Glyn Ltd where he is responsible for Property Management throughout England and Wales.

The Textile Mill Warehouse has taken a 15 year FRI Lease from 29 September 2001 on this 15,000 sq.ft. (1,393.5m²) Unit adjacent to AMF Bowling at a commencing rental of £85,000 pa rising to £120,000 pa.

The Landlords were represented by Fifield Glyn (01606 351 351) and Peill & Co. (01228 543 900. The Tenants represented themselves.

Fifield Glyn have let Unit 1, Broad Lane Shopping Precinct, Norris Green, Liverpool 11, to Liverpool City Council. The Council will use the property as a “One Stop Shop”, as part of their new approach to offer citizens local, face to face access to Council services and information without the need to visit the city centre.

The property comprises 138.4m² (1,490 sq.ft.) and was let on a 10 year FRI lease with 5 yearly rent reviews at a rent of £20,000 p.a.

Other occupiers of the Shopping Precinct include Iceland, Poundstretcher, Broadway Market, Stanley Racing, Going Places and O’Rourke’s Wine Tavern.

Fifield Glyn are currently marketing 2 other units within the Precinct: Unit 5 comprising 108m² (1,165 sq.ft.) and Unit 7 (with Planning for Hot Food Takeaway Use) comprising 59m² (635 sq.ft.).

For further information contact Charles Fifield at Fifield Glyn.

Acting on behalf of The Northern Portfolio Limited Partnership (a joint venture between Barlows Plc and G. E. Capital) Fifield Glyn have arranged 3 lettings in Northwich over the summer.

The lettings have a combined rent of £24,500 pa on new 3 year Full Repairing and Insuring Leases.

The accommodation comprises 1,735 sq.ft. of Offices at 9 Leicester Street and 3,070 sq.ft. of Warehousing at the adjoining Kimor Building, Weaver Way.

Another 1,250 sq.ft. of office accommodation capable of sub-division remains available.

Copyrite-RMS Ltd. have taken a Lease of a 243.8m² (2,625 sq.ft.) Industrial Unit at 291 Featherstall Road North, Oldham, on a new 2½ year Full Repairing and Insuring Lease at the asking rent of £10,500 pa.

The property comprises 109.6m² (1,180 sq.ft.) of workshop and 134.2m² (1,445 sq.ft.) of office/ancillary accommodation, together with 3 car parking spaces.

The Landlord, Belgravium Technologies Plc, was advised by Fifield Glyn and Peter Bromwich & Company.

Private Investment Clients of Fifield Glyn have purchased a Long Leasehold Office Investment, Units A, B & C, Westmere Court, Crewe Business Park, from Gladman Developments Ltd.

The property comprises 3 detached modern office buildings with a total floor area of 18,665 sq ft with 108 on site car parking spaces.

Two of the buildings are let to Leading Technology Ltd. until September 2024, whilst a third is let to Scott Wilson Railways Ltd. until October 2014.

The combined rent is £232,308 per annum.

The purchase price of £2 million, represents a net initial yield of 11.0%

Fifield Glyn 01606 351 351

Private Investment Clients of Fifield Glyn have purchased a Freehold Retail Investment, 103/105 Dalton Road, Barrow-In-Furness from Altrincham based Mutley Properties (Holdings) Ltd.

The property is let to Poundstretcher Properties Ltd. on a 25 year FRI Lease from 29 September 1989 at a rent of £69,000 pa, subject to upward only rent reviews every 5 years.

The purchase price of £745,000 represents a net initial yield of 8.76%.

Fifield Glyn 01606 351 351

The Actuaries, Kerr & Co. have expanded their Sheffield office at No. 6, 12 O’ Clock Court, Attercliffe Road by acquiring the remaining 1st and 2nd floors.

They now have a Lease of the entire building, which comprises 3,819 sq.ft. (335m²), together with 12 car spaces, which they hold on a new 15 year Full Repairing and Insuring Lease subject to 5 yearly upward only rent reviews at a rental of £50,600 pa equating to £13.25 psf (£142.62m²).

Fifield Glyn acted for the Landlords, Osborne Assets.