Colliers Godfrey Vaughan - Chartered Surveyors

Recent Investment Transactions

Yacht Mooring - Porto Pollenca, Mallorca

The Island of Mallorca is one of the more popular yachting locations in the Mediterranean - the largest of the Spanish owned Balearics- and has excellent access by way of flights to Palma (Pollenca is 45 minutes from Palma) from major British/European airports. By sea the port is about 100 miles from Barcelona from which there is a regular ferry service.

The Marina

The Marina is owned and run by the Real Club Nautica Porto Pollenca, and within the private enclosure is the clubhouse with a first class cuisine, bar and swimming pool area. The pontoons are of concrete construction with water and electricity available to boat owners. Cars park near the berths.

The berth

In a row 25 berths it will take a yacht up to 12m x 4m. Plenty of water depth.

Term

Approximately thirty years from January 2006. This is a longer term than generally prevails in the island.

Price - £100,000

SOLD MAY 2008

48 Bedford Square, London WC1

Attractive Georgian building with interconnecting rear Mews totalling 7,176 sq ft (678.65 sq m) Net Internal Area and 10,124 sq ft (941 sq m) Gross Internal Area.

  • Full Vacant Possession from March 2008.
  • Freehold tenure.
  • Of interest to owner occupiers/developers and investors.
  • Potential for alternative uses (subject to necessary consents) including residential.
  • We are seeking offers in excess of £5,750,000 (Five Million Seven Hundred and Fifty Thousand Pounds).
SOLD MAY 2008

The Manor, Manor Royal, Crawley

Prime freehold South-East office investment opportunity comprising 28,960 sq ft (2,690.4 sq m) arranged over ground and first floors.

  • Strategically situated within 4 miles of Gatwick Airport and Crawley town centre, occupying a prominent position within the prime Manor Royal Estate.
  • Let on FRI terms to Group 4 Securicor (5A 1 Dun & Bradstreet credit rating) for 15 years from June 2004 with a tenant's break option at year 10.
  • Currently producing a reversionary passing rent of £434,160 per annum, reflecting £15 per sq ft with a rent review in June 2009. Attractive running yield of 7.65% following the June 2009 Rent Review.
  • We are instructed to invite offers in excess of £5,865,000 (Five Million Eight Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7% and a reversionary yield of 7.65% in June 2009 after purchaser's costs of 5.7625%.
SOLD MAY 2008

55 New Oxford Street, London WC1

Prime Freehold modern multi-let office and retail property, totalling 46,497 sq ft (4,320 sq m).

  • Recently comprehensively refurbished to a Grade A specification.
  • Improving location adjacent to Central St Giles development, including completion of new Underground Station in 2009.
  • 5,250 sq ft column free floorplates, let to quality tenants including Twentieth Century-Fox and Takeda Pharmaceuticals.
  • We are instructed to invite offers in excess of £36,000,000 (Thirty Six Million Pounds) for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6%, a nominal equivalent yield of 6.6% and a reversionary yield of 7% after standard purchaser's costs of 5.75%.
SOLD FEBRUARY 2008

59-60 Grosvenor Street, Mayfair, London W1

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Freehold Mayfair property for sale providing a total of 28,605 sq ft of offices and four residential flats.

Let in majority to Barclays Bank PLC on a 25 year lease from September 1995 with a tenant's option to determine in September 2010. The total passing rent including the residential flats is £1,021,702 net of 10% gearing.

We are seeking offers in excess of £22,700,000 subject to contract and exclusive of VAT. This reflects a net initial yield of 4.25% after standard purchaser's costs of 5.7625%.

SOLD FEBRUARY 2008
 

167 Fleet Street, London EC4

Prime Freehold office & retail investment opportunity

Modern Midtown mixed use building in a prominent position.

25,739 sq ft (2,391 sq m) of recently refurbished office and retail accommodation.

Well specified property offering circa 2,800 sq ft rectangular open plan floorplates with excellent natural light.

Freehold.

Multi-let to 8 office tenants and 2 retail tenants with an average unexpired term in excess of 6 years.

Reversionary passing rents on the offices of £32.90 per sq ft overall.

Prime office rents in the vicinity are currently £76 per sq ft at New Street Square to the north of the subject property.

We were instructed to invite offers in excess of £19,600,000 (Nineteen Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT, for the freehold interest reflecting a net initial yield of 4.75%, a nominal equivalent yield of 5.54% and a reversionary yield of 5.86% after purchaser's costs of 5.7625%.

 SOLD JANUARY 2008

13 Stratford Place, London W1

Prime, reversionary West End office investment opportunity.

  • Attractive period façade with 5,849 sq ft of well configured office accommodation arranged over lower ground, ground and 4 upper floors with excellent natural light and a 7 person passenger lift serving all floors.
  • Low capital value of £709 per sq ft.
  • Single let to John De Stefano Management Services Ltd until 30th June 2013 at a passing rent of £153,000 per annum.
  • Reversionary passing rents of £29 per sq ft on best space. ERV of £55 per sq ft on best space with a Rent Review in July 2008.
  • Attractive running yield of 6.3% following the July 2008 Rent Review.
  • One-third Freehold and two-thirds Virtual Freehold from the City Corporation with 1,882 years unexpired at a fixed ground rent of £5 per annum.
  • We were instructed to invite offers in excess of £4,150,000 (Four Million One Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 3.5%, a nominal equivalent yield of 6.0% and a reversionary yield of 6.3% in July 2008 after purchaser's costs of 5.7625%.

    SOLD

SOLD DECEMBER 2007

13 Dover Street, Mayfair London, W1

Freehold Mayfair office/retail building for sale with full Vacant Possession.

Recently refurbished. Upper parts can be separately accessed. Planning permission to create additional floor. Currently used as Art Gallery and Offices.

We are instructed to seek offers in excess of 4,000,000, subject to contract and exclusive of VAT.

 SOLD NOVEMBER 2007

106-108 Wigmore Street London, W1

A freehold office and retail opportunity arranged over lower ground, ground and four upper floors comprising of 4,606 sq ft predominately located in within the West End, on Wigmore Street, 106-108 Wigmore Street is a corner building, with open floorplates, 2 staircases and a six person passenger lift and is being sold with vacant possession from November 2006.

We are instructed to seek offers in excess of £3.75 million subject to contract and exclusive of VAT.

For further information please contact Nick Pemberton, Willem Janssen or Tim James on 020 7659 4949. 		SOLD SEPTEMBER 2007

25 Green Street, Mayfair, London W1

Long Leasehold period Mayfair office building situated at the junction with Park Street.

The property comprises 6,133 sq ft Net Internal Area. Specification includes air conditioning, an 8 person lift and under floor trunking.

The property is let on FRI terms to Pignone Engineering (guaranteed by GE) for a term expiring on the 24th June 2016, (9.25 yrs term certain) at a rental equating to £50 per sq ft overall.

We are instructed to seek offers in excess of £5,700,000 subject to contract and exclusive of VAT, for the long leasehold interest. A purchase at this price would reflect a net initial yield of 4.5% after usual costs of 5.76%. 		COMPLETED
SEPTEMBER 2007

Manor Court, Manor Royal, Crawley

Freehold office/industrial buildings providing a total of 19,900 sq ft Net Internal Area, arranged as three two-storey units.

Currently let to 3 tenants with an average weighted unexpired term of circa 4.5 years. Average reversionary base rent of £11.79 per sq ft overall.

We are seeking offers in excess of £3,300,000 subject to contract and exclusive of VAT, reflecting a net initial yield of 6.75% after usual purchaser's costs of 5.7625%. 		EXCHANGED
SEPTEMBER 2007

Marlborough House, 82 Park Street, Camberley

Freehold office building located in the Surrey town of Camberley.

The property comprises 5,604 sq ft Net Internal Area of office accommodation arranged over ground and first floors.

The property is let entirely to Lyons Sleeman & Hoare until June 2013, producing £91,000 per annum with a rent review in 2008.

We are instructed to seek offers in the region of £1,230,000 (One Million Two Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7%. 		SOLD JULY 2007

Marlborough House, 82 Park Street, Camberley

Freehold office building located in the Surrey town of Camberley.

The property comprises 5,604 sq ft Net Internal Area of office accommodation arranged over ground and first floors.

The property is let entirely to Lyons Sleeman & Hoare until June 2013, producing £91,000 per annum with a rent review in 2008.

We are instructed to seek offers in the region of £1,230,000 (One Million Two Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a net initial yield of 7%. 		SOLD JULY 2007

55 South Audley Street, Mayfair, London W1

Situated in central Mayfair on the west side of South Audley Street, between Grosvenor Sq and Mount Street.

Attractive period office building, arranged over basement, ground and four upper floors. The net internal floor area is 5,819 sq ft.

The property is entirely underlet on FRI terms to Ratcliffes Commercial Property and Consultant Surveyors, for a term expiring on 24th March 2011, without further review.

We are instructed to seek offers in excess of £4,400,000 subject to contract and exclusive of VAT, for the long leasehold interest. A purchase at this price would reflect a net initial yield of 4.25%, and a capital value of £756 per sq ft. 		COMPLETED JULY 2007

52 Bedford Square London WC1

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Attractive Freehold building with adjoining rear mews. For sale with vacant possession. Most recently used as offices, with potential for other uses including residential, medical and educational, subject to necessary consents. Refurbishment opportunity.

The building comprises 6,835 Sq ft Net Internal Area / 9,601 sq ft Gross Internal Area. The building has a lift serving all floors, and many attractive period features.

We were instructed to seek unconditional offers in excess of £5.0 million. Our clients are also offering Nos 41-42 Bedford Square by separate negotiation

 SOLD JUNE 2007

42 Bedford Square London WC1

A freehold building and attached rear mews within an attractive Georgian terrace. For sale with vacant possession. Most recently used as offices, with potential for other uses including residential, medical and educational, subject to necessary consents. Refurbishment opportunity.

The building comprises 6,609 Net Internal Area / 10,229 sq ft Gross Internal Area, and benefits from a lift serving all floors.

We are instructed to seek unconditional offers in excess of £4,750,000 million. 52 Bedford Square is also available by separate negotiation. 		SOLD MARCH 2007

46 Moorgate, London EC2

Enlarge image Freehold office property situated in a prime position within the heart of the city of London's financial core.

The property comprises 4,690 sq ft Net Internal Area of office and ancillary accommodation, arranged over basement, ground and six upper floors.

SOLD FEBRUARY 2007

49-51 Bedford Square London, WC1

Enlarge image Let entirely on FRI terms to the London School of Hygiene and Tropical Medicine until October 2022, with a tenant's break option in October 2012 (6 years term certain).

SOLD FEBRUARY 2007

Pickfords Portfolio - Four Industrial Properties:

Gelderd Road, Leeds
Trafford Park, Manchester
Marsh Barton, Exeter
Willow Lane, Mitcham

Enlarge image A portfolio of four warehouse properties, let on 10 and 15 year leases, currently producing £774,087 per annum, equating to an average rental on the warehouses of under £5.00 per sq ft. SOLD FEBRUARY 2007

7, 8-9 Stratton Street, London W1

Enlarge image 7 Stratton Street comprises 3,378 sq ft, entirely let for a further six years with a rent review and a mutual option to determine in May 2007, therefore offering the potential for vacant possession. The passing rental reflects £38.50 per sq ft.

8-9 Stratton Street is leased until August 2006 with vacant possession thereafter. The building comprises 13,390 sq ft on a site of approximately 6,000 sq ft, offering significant potential for extension/redevelopment subject to planning.

We are instructed to seek offers in excess of £3,075,000 and £11,750,000 respectively for the two Freehold interests, subject to contract and exclusive of VAT. Our clients will treat in individual lots.

Should you require further information please do not hesitate to contact Nick Pemberton (020 7659 4909) Tim James (020 7659 4918) or Robert Few (020 7659 4910). 		SOLD SEPTEMBER 2006

1 Vincent Square, London SW1

Enlarge image 1 Vincent Square comprises a concrete framed and brick office property, constructed in the 1960's and set out over lower ground, ground and five upper floors, with seven parking spaces in the basement accessed via a ramp. The building fronts onto Vincent Square, and is bounded by Rutherford Street and Fynes Street. It benefits from excellent natural light on three sides due to its situation on a corner plot.

The building was refurbished in the mid 1990's and provides centrally heated accommodation, with suspended ceilings, underfloor trunking and double glazing. It has male and female WCs on each floor and benefits from two cores, each serviced by an automatic passenger lift. The building has a ramped side access, with disabled WCs on two floors, therefore making it DDA compliant.

The fifth floor is set back, providing a roof terrace with views over the square. 		SOLD JULY 2006

22, 23-25, 26 & 27-28 Eastcastle Street, London W1

Enlarge image Four adjoining Freehold Office and Showroom Properties, situated close to Oxford Circus. Total floor area 33,073 sq ft net internal. Development/refurbishment/owner occupier opportunity, currently part income-producing with ability to obtain vacant possession of the majority. SOLD JULY 2006

Bank House, Primett Road, Stevenage, Herts

Enlarge image Modern headquarters building let entirely to Lloyds TSB and Archant regional limited, with an average unexpired term of 9.5 years. Passing rental of £15.29 per sq ft average. 19,656 sq ft offices together with 75 parking spaces.

We are instructed to seek offers for the Freehold interest in excess of £4,370,000, subject to contract reflecting a net initial yield of 6.5% after deduction of usual purchaser's costs. This shows a capital value of £222 psf. NB Substantial capital allowances are available by separate negotiation. 		SOLD JULY 2006

Kingsgate House, 536 Kings Road, Chelsea, London SW10

Enlarge image Freehold office building, for sale with vacant possession, comprising 32,395 sq ft net internal area plus 14 parking spaces. Site area of 0.32 acres with building site cover of 45%. Potential redevelopment including other uses such as residential (subject to necessary consents).

Seeking offers in excess of £8.5m, reflecting £262 capital value per sq ft, subject to contract and exclusive of VAT. For sale by informal tender, bids to be received by 5pm Thursday 23rd February 2006.		 SOLD JUNE 2006

3-10 Grosvenor Crescent, SW1

Enlarge image The property is made up of an unbroken crescent-shaped terrace of eight Grade ll* Listed buildings inter-connecting on various levels and originally constructed in the early 19th century. Each building comprises basement, ground and five upper levels, with stucco fronts, slate mansard roofs and projected Doric porches. SOLD 2006

4-5 Arlington Street, London SW1

Enlarge image Prime freehold office investment in a prominent location close to the junction of Piccadilly and Arlington Street opposite The Ritz Hotel. Part vacant accommodation with the ability to secure full vacant possession in June 2007. Current income of 582,310 per annum.
Offers sought in excess of 10,500,000 (Ten Million Five Hundred Thousand Pounds) reflecting 5.24% initial yield rising to over 5.5% assuming usual purchaser's costs. Subject to contract and exclusive of VAT. Tenancy schedule available in Circle format upon request.		 SOLD 2006

Carriage Row, 163 - 183 - 203 Eversholt Street, London NW1

Enlarge image An office investment comprising three attractive Freehold office buildings and providing approximately 103,762 sq ft (9,639.5 sq m), together with 24 secure parking spaces. Multilet on 15 FRI leases to nine tenants with a tenant passing income of 2,441,744, equating to 23.30 per sq ft overall, plus parking.
Offers sought in the region of 33,000,000 (Thirty Three Million Pounds) showing a net initial yield of 7.0% assuming usual purchaser's costs of 5.7625%. This reflects a Freehold capital value of 318 per sq ft.
Subject to contract and exclusive of VAT. Tenancy schedule available in Circle format upon request.		 SOLD 2006

15 Dover Street, Mayfair W1

Enlarge image Attractive Freehold office and retail corner property totalling 3,033 sq ft. Retail let for a further 8 years, and circa 1,377 sq ft vacant offices.
Currently producing 60,000 pax. Offers in excess of £2,150,000 (two million one hundred and fifty thousand pounds) subject to contract and exclusive of VAT		 SOLD 2006

42/43 St James's Place, London SW1

Enlarge image The subject property comprises two adjoining period townhouses believed to date from circa 1765. The property was used until recently as a headquarters office and is arranged over basement, ground and four upper floors, comprising a number of rooms on each level with ample WC and kitchen facilities..
Price: £3.75 million plus VAT, subject to contract.		 SOLD November 2005