News
George Baylis Road, Droitwich - Disposal
Property Plus Consulting acted on behalf of Hillgrove Developments Limited for both the site acquisition and sale of the 2 acre development site to Lidl. The former industrial premises were demolished to create a 1,325 square metre supermarket.
Beecham Business Park, Aldridge - Acquisition
Property Plus Consulting advised Goold Estates regarding the acquisition of Beecham Business Park in Aldridge. The fully let estate has 105,000 sq ft of industrial and office space on a 6.5-acre site. It was purchased for £2.4m reflecting a net yield of around 11.5%.
Red Mill Trading Estate, Wednesbury - Acquisition
Property Plus Consulting advised Goold Estates in acquiring the former Redmill Snack Foods Site in Wednesbury for £1.79 million. The 6 acre estate was refurbished and reconfigured to provide a 125,000 sq ft multi-let estate, with units ranging from 2500 to 49,000 sq ft.
Lakeside Plaza, Cannock - Acquisition
Property Plus Consulting acted on behalf of Goold Estates for the purchase of Lakeside Plaza in Cannock. The substantial multi-let investment was purchased post auction. The estate, on a site of 5.1 acres, includes over 70,000 sq ft of retail warehouse, leisure, self-storage and office accommodation.
Midland Road, Walsall - Acquisition
A substantial industrial complex was acquired on behalf of Goold Estates for £500,000. The units, amounting to 64,647 sq ft and located on the southern outskirts of Walsall Town Centre, have been purchased from Aspinall Holdings on the basis that the existing tenant, Walsall Security Printers will continue to lease the premises on a short-term basis at a rent of £140,000 per annum.
Worcester Street, Kidderminster - Disposal
Anthony Williams successfully marketed and agreed a Long Leasehold sale to Connells Estates Agents, following refurbishment of the property by the Landlord, Ironwood Investments Limited. The town centre property was bought back into use within 8 months of acquisition after being vacant for over 6 years.
Worcester Street, Kidderminster - Acquisition
6500 sq ft of retail and office space was acquired by Anthony Williams on behalf of Ironwood Investments Limited. The three storey vacant property provides an opportunity to add value through lettings and upper floor residential conversion.
3 West Court, Saxon Business Park - Acquisition
Property Plus Consulting acquired the 1400 sq ft offices on behalf of clients, Ironwood Investments Limited. The modern two story property was refurbished and let to Mascotte GB Limited..
Wulfric Square, Peterborough - For Sale or Let
Units are currently available to buy or let on competitive terms at Wulfric Square, Peterborough. The estate provides small business premises ranging from between 625 and 2200 sq ft, with larger premises available by combining units. Property Plus Consulting provides ongoing management services to the estate's landlord, Hillgrove Developments Limited, including rent reviews, lease renewals and ratings appeals.
Benedict Square, Peterborough - Investment Sale
Following a short marketing campaign, the multi-let estate comprising of 44 units, ranging from 625 to 1275 sq ft and totalling approximately 45,575 sq ft, was sold by Property Plus Consulting Limited for an undisclosed amount.
Brindley House, Birmingham - Block Management
Property Plus Consulting acted as Property Manager for Birmingham based residential and commercial developers, MCD Developments Limited, providing property management services, including service charge expenditure, for office, leisure and retail premises together with large city centre apartment schemes. The developments, located across Birmingham, Bristol and Coventry, include the prestigious Brindley House and Derwent Foundry in Birmingham, Horizon apartments in Bristol and QCDA offices in Coventry.
Slaters Yard, Droitwich - Acquisition
Anthony Williams of Property Plus Consulting acquired the 1.5 acre "Slaters Yard" on behalf of Hillgrove Developments Limited. The income producing investment comprises of telecommunications mast, 2 retail units, 2 industrial units and large fenced yard, previously used as a waste transfer station. The site is believed to have long term development potential with good roadside frontage.
Black Country House, Oldbury - Acquisition
Property Plus Consulting advised Goold Estates on the acquisition of this prominently located, income producing freehold office investment, purchased at substantially below the asking price. The property comprises of some 36,000 sq ft of offices with 108 car parking spaces and is located close to Oldbury Town Centre and 0.5 miles from Junction 2 of the M5. The premises have since been refurbished and are available to rent.
27 Leacroft Road, Warrington - Lease Surrender
Property Plus Consulting successfully negotiated a surrender premium for the remaining lease term on 116,000 sq ft warehouse premises in Warrington, on behalf of the landlord. Since the property became vacant, Property Plus Consulting has managed the unit on behalf of the landlords including site maintenance, facilities management, security provisions and insurance requirements.
Langdon House, Swansea - Development
Construction was completed in September 2008 on the energy efficient £8m office scheme at SA1 Swansea Waterfront, which has exceeded the benchmark required to secure a BREEAM Excellent environmental rating. Property Plus Consulting was involved in the 40,000 sq ft development which has been carried out in partnership with the Welsh Assembly Government to provide small and medium size companies with a unique opportunity to acquire their own offices within a stunning new building.
Cookley Wharf Industrial Estate - Acquisition
Property Plus acted on behalf of Goold Estates on the acquisition of the 4.5 acre Cookley Wharf Industrial Estate in Brierley Hill for £2m. The estate sits alongside the Stourbridge Canal and has 15 units, ranging from 4,000 to 50,000 sq ft, totalling 125,000 sq ft.