Cheshire Community Action have relocated their Head Office from Chester to No. 3 Royal Mews, Gadbrook Park. CCA is a local charity that provides funding and advice and support for projects designed to protect and enhance the rural and increasingly urban communities of Cheshire.

 

They are taking a new lease of No. 3 Royal Mews for a term of 5 years at a rental of £21,000 per annum. Richard Smith of Chartered Surveyors, Fifield Glyn, who advised the Landlords jointly with Sanderson Weatherall, commented:  “This letting is obviously good news for Gadbrook Park in what are extremely difficult market conditions, but underlines that deals can still be negotiated for quality offices.”

 

The Gadbrook Park BID is pleased to announce that Jaci Nolan from Swift Helphire has won a £25 Marks and Spencer Voucher through the Gadbrook Park National Liftshare Week Prize Draw. National Liftshare Week took place from 4th – 8th October 2010, all employees who work on Gadbrook Park were invited to join the liftshare scheme, with free entry into a Prize Draw which was drawn by Mr John Fifield, Chairman of the Gadbrook Park Executive Board.

Liftshare is when two or more people share a journey and travel together to work. It allows people to benefit from the convenience of the car whilst saving money by reducing mileage and petrol costs, alleviating parking problems, congestion and pollution. Jaci has made several contacts through the Gadbrook Park Liftshare scheme and car shares regularly. You too could be enjoying the benefits of car sharing, all you need to do is sign up, it is free to join to all Gadbrook Park employees. Just visit www.gadbrookpark.com and click on the liftshare icon and start car sharing today!

 

 

Come and enjoy a magical evening at The Belle époque Knutsford in aid of The Christie Hospital, Manchester on Thursday 9th December 2010.

Your evening will start at 7:30pm where you will be greeted with a sparkling reception drink and a delicious selection of canapés, accompanied by a sumptuous live soundtrack. Enjoy a mouth-watering two course meal followed by a charity raffle with some fabulous prizes and then an evening of music where you can dance the night away.

Tickets for this exclusive event are £39.95 with 100% of profits benefiting the Christie Hospital. All funds raised will be split equally between Melanoma Research, and the Derek Crowther Clinical Trials Unit.

To purchase tickets please contact Vivien Elliott on 07775 547474 or Amy Hampton on 07896 233664.

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Allsop’s October Auction produced a success rate of 72%, which compared to 52% for Acuitus and 56% foer Cushman and Wakefield a few days later. Allsop commented that, whilst there were a number of new investors in the room seeking to buy long dated income with cash deposits, the general level of confidence amongst other investors and their banks was less than it had been earlier in the year. Bearing in mind the timing of the auction relative to the announcement of the Coalition’s spending review, it is not surprising quality of income and location were of greate interest to investors.

19 Bank investments were sold, reflecting an average lot size of £912,368 and initial yield 5.47%compared with £786,400 and 5.54% in July.
6 Lloyds Banks achieved yields below 5%, but 5 failed to sell at yields of circa 6.5%.

Interestingly, 2 new Tesco Express investments in Bristol and Barlow Moor Road, Chorlton and  failed to sell at 6.8% and 6.5% whilst a similar investment in Grays Essex did not sell at 7% in the Acuitus auction.

 

JAG Communications have taken a New 10 year FRI Lease at an initial rental of £17,500, rising to £20,000 pa after 2.5 years from Landlord Barton House Investments.

The property is a self contained building, ground floor retail 220 sqft, first floor 223 sqft and second floor 205 sq ft. Agents acting for the Landlord were Fifield Glyn and Cluttons Tod Miller.

For further information contact:

rod.welfare@fifieldglyn.com

 

A private investment client of Fifield Glyn has bought a retail investment

at 52 Stamford New Road, Altrincham for £700,000.

 

The property is prominently positioned at the corner of Stamford New Road and

Cross Street in the centre of Altrincham and provides 2 ground floor retail units.

52 Stamford New Road is let to Dawsons Music Ltd until June 2013 at £71,000pa,

whilst 4 Cross Street is let to a local mobile phone retailer at £12,000 pa until April 2013.

Vacant first floor offices provide an opportunity for refurbishment or conversion.

 

The investment shows a yield of approximately 10.0%.

A letter concerning Empty Rates written by Fifield Glyn’s Chairman; John G. Fifield, was published in Property Week’s 3rd September 2010 issue.

Read letter >>

Gadbrook Park’s bus shuttle service has changed! The service has a new bus stop located close to the County Café Bar car park with new evening bus services running at 1640, 1710 and 1740 at 50p per journey – travelling home has never been so good!

For a time table click onto www.gadbrookpark.com   and onto the Location page.

 Fifield Glyn celebrated their 35^th anniversary of the foundation of the firm in Manchester by taking their Staff and some Old Friends to Bangor on Dee Races   on Friday 30^th July 2010.

The latest Allsop action produced the lowest success rate for some time, with only 66% being sold in the room.

Apparently the room was quieter than usual with buyers being more selective and prices coming under ‘renewed pressure’, all of which Allsop have attributed to less finance being available to purchasers.

As usual, Banks and well let London Pubs were very popular, with the former averaging 5.54% compared to 5.06% in May, although the average lot size was £786,400 compared to £370,375.  

Interestingly, Cushman & Wakefield and Acuitus only achieved 55% and 53% in their July Auctions.