Outline details of some of the acquisitions handled by Legat Corbishley.

   
 
   
 

Interplex 16, Ash Ridge Road, Almondsbury, Bristol
Two distribution units extending in total to 8,114 sq m (87,341 sq ft) forming part of an established estate and located in close proximity to the M4/M5 interchange.

Let to the strong covenants of Brake Bros. Limited and Indesit Company UK Limited on leases expiring in 2015 and 2018 respectively.

Acquired for a private property company for £5.75m.

 
       
 
   
 

Wessex House & Acuma House, Axis 4/5 Woodlands Lane, Almondsbury Park, Bristol
Modern office building on well established Business Park acquired for £2.795m, on behalf of a private property company.

The property provides well specified office space over three floors and extends to 1,186 sq m (12,764 sq ft) with 54 on site car parking spaces.

The entire is let to Great Western Ambulance Service NHS Trust on two leases expiring in 2015.

 
       
 
   
 

Aldi Supermarket, Commercial Road, Hazel Grove, Stockport
New freestanding supermarket of 1,362 sq m (14,665 sq ft) with 149 car parking spaces.

Let to Aldi Stores Limited on a new 25 year lease, subject to 5 yearly reviews to the higher of RPI or 2.5% pa compound increases.

Acquired for a private investor for £4.16m.

 
       
 
   
 

Amelia Court, Pipe lane, Bristol
Modern office building of 2,810 sq ft (30,252 sq ft) located within the City Centre with good on-site car parking for 27 cars.

The entire property is let to Bristol City Council on a lease expiring in 2015.

The long-leasehold interest acquired from an Institution, on behalf of a private pension scheme, for £6,300,000.

 
       
 
   
 

Marlborough House, 82 Park Street, Camberley
Modern office building of approximately 520 sq m (5604 sq ft), located in this affluent Surrey town and in close proximity to the railway station and the M3 motorway.

The entire property is let to a firm of architects for a term expiring in June 2013.

The freehold interest acquired on behalf of a private property company for £1,400,000.

 
       
 
   
 

10A Newhouse Park, Chepstow, Monmouthshire
The freehold interest in this modern industrial unit acquired for a private property company for £2,055,000.

The unit, constructed in the late 1980's, extends to approximately 3,166 sq m (34,081 sq ft).

 
       
 
   
 

Erskine House, School lane, Chandlers Ford Industrial Estate
Chandlers Ford is strategically located close to the intersection of the both the M3 and M27 Motorways and close to Southampton Airport.

This modern unit forms part of an established industrial estate and extends to approximately 4,202 sq m (45,230 sq ft) and benefits from low site cover of some 39%.

The entire property is let to a single occupier on a lease expiring in 2016.

The freehold interest was acquired for £5,000,000.

 
       
 
   
 

Comewell House, North Street, Horsham
Modern office building, arranged over 3 floors, conveniently located between the Station and the Town Centre shopping and extending to some 1,924 sq m (20,711 sq ft).

The entire property is let to G4S Cash Services (UK) Limited of a lease expiring in 2014.

The freehold interest was acquired on behalf of a private property company, from a syndicate of private investors, for £4,450,000.

 
       
 
   
 

1-5 Portpool Lane, London EC1
This multi-let office property was acquired on behalf of one of our private clients.

The property lies immediately adjacent to one of their existing office holdings fronting Grays Inn Road and provides re-development opportunities for the combined sites in due course.

The building arranged over four floors extends to some 588 sq m (6,326 sq ft) and is let to three tenants.

The freehold interest was acquired for a figure of £3,150,000.

 
       
 
   
 

Sale and Leaseback - S Black Unit, Foxholes Business Park, Hertford
This modern high-bay Distribution unit provides some 4,546 sq m (48,929 sq ft) of space and forms part of an established of an established industrial and office location.

The purchase is subject to a leaseback to S Black Limited (with Guarantee from Azelis S.A.) for a term of 30 years. The rental is subject to annual RPI rental increases, subject to minimum and maximum increases of 2.5% and 5% respectively.

The freehold interest was acquired on behalf of a pension fund for £5,560,000.

 
       
 
   
 

Distribution Unit, Unit 6130, Magna Park, Lutterworth
This new distribution unit, located on this premier logistics estate, acquired on behalf of a private investor, for £10,015,000.

The unit, extending to some 10,234 sq m (110,215 sq ft), is let to Geodis UK Limited on a 10 year lease (with a tenant's break option at the 5th year).

 
       
 
   
 

Distribution Unit, Unit 5420, Magna Park, Lutterworth
A new distribution unit of 21,294 sq m (229,231 sq ft) let to TNT UK Limited on a lease for a term of 20 years (with a tenant's break option in October 2016) with a minimum fixed increase in year 5.

The property was acquired from an Institution on behalf of a private investor for £22,965,000.

 
       
 
   
 

Polypal Unit, Monckton Road, Wakefield
This 1980s industrial unit was acquired on behalf of a private pension fund for £2,150,000.

The unit, forming part of an established industrial estate, extends in total to some 3,018 sq m (32,485 sq ft) and let to a single tenant on a lease expiring in 2024.

 
       
 
   
 

Units 3 & 4, Highlands Court, Highlands Road, Solihull
The property, forming part of an established out of town office location, comprises two modern office buildings arranged over two floors and extending in total to some 668 sq m (7,191 sq ft).

TThe buildings are let in their entirety to Siemens Real Estate Limited for a term expiring in February 2015.

Acquired on behalf of a private property company for £1,890,000.

 
       
 
   
 

Debenhams Department Store - 134-142 Commercial Road, Portsmouth
The Department store, extending to some 17,148 sq m (184,616 sq ft), is located in a prime position within the City centre. The entire is let to Debenhams Retail Plc on a lease expiring in March 2041. The lease provides for 5 yearly upward only rental reviews.

Purchased the freehold interest for a private investor for approximately £39m.

 
       
 
   
 

GP2 Grange Park, Northampton
New freehold distribution unit strategically located adjacent to Junction 15 of the M1 Motorway acquired on behalf of a private investor for £17.35m.

The property extending to some 19,479 sq m (209,000 sq ft) is let to New Wave Logistics (UK) Limited for a term of 25 years from 8 December 2000. The lease provides for 5 yearly upward only rental reviews and there is a tenant’s break option operable in 2015.

 
       
 
   
 

CSC Computer Sciences Unit, Station Road, Bristol
Modern industrial unit, extending to some 2,988 sq m (32,160 sq ft), located close to the A4174 Ring Road and let in its entirety CSC Computer Sciences Limited for 25 years from 1 February 1988.

Acquired the freehold for a private property company for £2.31m.

 
       
 
   
 

Marks & Spencer – 60 Princes Street, Edinburgh
The heritable interest in this prime retail unit was acquired on behalf of a private client for a figure in excess of £12.4m.

The store, extending to 2,248 sq m (24,200 sq ft) is let to Marks & Spencer Plc for an unexpired term in excess of 80 years. The lease provides upward only rental reviews at 5 yearly intervals.

 
       
 
   
 

Priory House, 6 Wrights Lane, Kensington, London W8
Priory House is a modern office building providing some 1,412 sq m (15,200 sq ft) over 8 floors with on site car parking. The entire is let to STA Travel Limited on a 25 year lease.

The purchase of the long leasehold interest, on behalf of a private property client, for in excess of £5.0m.

 
       
 
   
 

The Laconite Building, Stafford Park 6, Telford
This modern freehold warehouse unit of 16,630 sq m (179,000 sq ft) purchased for a private investment company for £8.0m.

The entire is let to Johnson Controls (UK) Limited (with a guarantee from Johnson Controls Inc) on a 25 year lease from June 1994.

 
       
 
   
 

3-7 Mardol Head, Shrewsbury
Prominent retail parade extending to some 1,205 sq m (12,975 sq ft) and let to tenants including French Connection, Corals and Millets.

Purchased the freehold interest on behalf of a private property company for £3.35m.

 
       
 
   
 

10 Norwich Street, London EC4
Modern “mid-town” office building extending to some 3,219 sq m
(34,653 sq ft) let to a major firm of solicitors on a lease expiring in 2018.

Acquired the freehold interest on behalf of a private investor client for £14.125m.

 
       
 
   
 

Pionair Centre, Northern Perimeter Road,
London Heathrow Airport
Prime strategically located site of approximately 1.53 hectares (3.78 acres), currently used for airport car parking, with direct access onto the Northern Perimeter Road.

Let to Heathrow Airport Limited (a wholly owned subsidiary of BAA Plc.) on a lease expiring in 2021.

Acquired for private investor for £12.65m.

 
       
 
   
 

Travelodge Hotel, Chieveley, near Newbury
A well located motel on the Newbury Services, at the junction of the M4 and A34, providing 126 double bedrooms on a 2.17 acre site.

The property was let to Moto Hospitality Limited on a 35 year lease with minimum increases at 5 yearly intervals based upon 3% pa compound growth.

The freehold interest was acquired on behalf of a Pension Fund Client for £3.3m.

 
       
 
       
 

14/15 Stratford Place, London, W1
A modern, 15,000 sq.ft. air-conditioned office and retail building which was redeveloped behind an attractive period facade.

The offices are let to William M Mercer Ltd. The shop is let to fashion retailer Jigsaw.

We acquired the freehold interest for £12.85m.

 

       
 
       
 

Marlborough House, 50-52 London Road, Brentford
Modern well located industrial unit extending to 1,534 sq m (16,509 sq ft).

Let to the Post Office.

Acquired on behalf of a private investor for £ 1.857m.

 
       
 
       
 

The Heathrow Park Hotel, Heathrow Airport
A 165,000 sq.ft., 310 bedroom hotel on a 9 acre site adjacent to Heathrow Airport which is entirely let to Thistle Hotels on a lease with over 150 years unexpired.

Acquired for a private family trust client for £13.3m.

 

       
 
   
 

56/58 Cheapside, London, EC2
A refurbished 6,000 sq.ft. retail and office building occupying a prime location at the junction with Bow Lane.

The property is let to Sytner Group Plc for over 19 years.

Acquired for a private property company for £6.95m.

 

       
 
   
 

80-86 Grays Inn Road, London WC1
Well located office building of 1,146 sq m (12,335 sq ft) let to well established firm of solicitors (10 offices) for an un-expired term of 7 years.

Purchased for Irish based property company for £3.465m.

 

       
 

 

 

 

 
   
 

Portfolios
Legat Corbishley have advised on the acquisition of a variety of property investment portfolios involving packages of between £15 - £150m.

 
       
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