Comments Land Securities' senior surveyor John Grimes, We are well advanced with our upgrade to the retail environment of the centre which includes new mall finishes and signage and this, together with our financial contribution to the pedestrianisation works being undertaken by the local authority in Bartholomew Street, which will improve the pedestrian links to the Kennet Centre, and two excellent lettings make really good news for Newbury.
Contracts are one of the most compelling motivations that the lion's share of individual’s contract on www.esettlementagentsperth.com.au specialists when purchasing or offering property - there is essentially insufficient time to make heads or tails of what every one of those agreement mean. On behalf of R & V Lebensversicherung AG the German insurance company, Catella has sold to an overseas investor the freehold of 4 Tenterden Street, Hanover Square, London W1 for close to £8 million.
4 Tenterden Street is a modern self contained office building off the north west corner of Hanover Square totalling 1,309 sq m (14,093 sq ft). The property is let to EMI Group for a further thirteen years at a rent of £450,000 per annum with the next rent review in March 2002. Strong interest was shown from prospective buyers from both the UK and overseas in the investment in view of the shortage of available product, particularly in locations such as Hanover Square and its environs.
The four storey building comprises 249.16 sq m (2,682 sq ft) of ground floor sales area, with office accommodation arranged over the basement and three further floors above. 54 South Molton Street is held on a 2,000 year lease from the Corporation of London and let on an overriding FRI lease to Reed Personnel Services Ltd at a current rent of £110,000 per annum until the lease expires in June 2007. The premises were formally occupied by Lloyds Bank and comprise a ground floor sales area of 198.5 sq m (2,137 sq ft), with first floor accommodation totaling 82.3 sq m (886 sq ft). In addition, basement stores are provided.
The property was sold to a private individual at a price of £130,000. The sale was subject to the retention of Lloyds TSB's ATM at a rental of £2,500 per annum on the basis of a three year lease. Jonathan Emmerson, acting on behalf of Lloyds TSB, commented: The property is located close to Burton town centre and benefits from 18 on site car parking spaces, this resulted in good levels of enquiries being received for the property and I was pleased to achieve another disposal on behalf of Lloyds TSB.
True has acquired a 999 year lease on a circa 3.23 ha (8 acre ) site on which a new 9,290 sq m (100,000 sq ft) facility will be developed on a turn key basis. True has an option for a further 9,290 sq m (100,000 sq ft) of expansion space. The company produces drinks chiller units for companies such as Coca Cola and the new plant will make chillers for the growing European market as well as stainless steel catering units.True, which has located to the Dearne Valley along with two other refrigeration component manufacturers, Virginia KMP and the British firm, Delfa will bring around 300 jobs to the area.