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%.

Acting on behlaf of Bolton based Townson Estates Plc, Fifield Glyn have acquired Blackhall Yard, Kendal from Cheval Properties.

The property comprises a specialist retail courtyard of 14 units situated between Stricklandgate and the Westmoreland Shopping Centre.

The courtyard was purchased for £1,315,000 representing a net initial yield of 9.0% based on a current rent of £125,100 pa which is considered to be reversionary.

Fifield Glyn Ltd, acting jointly with EP² have arranged a letting of the 1st floor of Davidson House comprising 510 m² (5490 sq.ft.) together with 22 car spaces, on behalf of the owners Mountwise Holdings Ltd.

 

Alphyra (UK) Ltd have taken a new 8 year Full Repairing and Insuring Lease subject to an upward only Rent Review at the end of the 4th year of the term at an average initial rental of £68,000 pa. DTZ Debenham Tie Leung acted for Alphyra (UK) Ltd.

 

Davidson House is situated on Gadbrook Park, near Northwich, Cheshire, a 60 acre Business Park in a landscaped setting, fronting the A556 giving access directly to J19 & J18 of the M6 motorway.

Charles G. Fifield, BSc (Hons.), MRICS has become a Director at Fifield Glyn (01606 351351) where he will continue to be responsible for Landlord & Tenant matters.

Charles was born in 1973 and commenced practice with Fifield Glyn in 1995, having gained a degree from the University of Reading at The Royal Agricultural College, Cirencester. He was elected an Associate of the Royal Institution of Chartered Surveyors in 1998.

He specialises in Occupational Agency, Rent Reviews/Lease Renewals, Valuation and Landlord & Tenant matters on behalf of various clients throughout England and North Wales.



He has been a Member of the Committee of the RICS Greater Manchester Junior Organisation since 1997, was Honorary Treasurer 1999-2001 and is currently Chairman. He has been a Representative on National JO since 1998 and is currently Honorary Secretary.