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| This month |
The Propertylink Investment Update returns with a selection of the newest and varied investments advertised on estatesgazette.com/propertylink as well as a round-up of the latest investment news from the market.
Remember you can always visit estatesgazette.com/propertylink to search over
1,400 investments. |
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| Investment news |
Property values rise, but only just
UK commercial property capital values edged higher in February, rising 0.2%, according to the IPD Monthly Index.
Surveyors ready for Japan quake recovery
Japan will need considerable support from surveyors and other built environment professionals to deal with the devastation caused by the recent earthquake, said Shailesh Kataria, director of RICS disaster management commission.
UK's high prices scare off investors
The amount of capital targeting UK property has tightened to £25bn ($40.5bn) from the £29bn identified in mid-2010 because many markets have been left overpriced by increased transactional activity. |
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| New investments |
HOT PROPERTY
Maltravers House, Yeovil
A multi let office investment/development opportunity comprising a two wing office block totalling 40,173 sq ft constructed in the 1960s. The east wing comprises of 4 storeys and the west wing 5 storeys, including a lower ground floor.
The property is multi let to 3 tenants: Somerset County Council, The Secretary of State for the Environment and Somerset Partnership NHS Trust (assigned to Turning Point). The Weighted Average Unexpired Lease Term is 1.0 years to expiries and 0.5 years to Breaks. Current income £426,501 per annum, exclusive.
Potential for change of use on whole, subject to planning permission. Possible alternative uses include care home, nursing home, residential or hotel.
| Price |
£2,000,000 |
| Agent |
RMW Chartered Surveyors |
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15 − 17 Princes Street, Ipswich
Modern freehold office investment in a Town centre location. Fully let and producing an income of 136,745 p.a. exc.
| Price |
£975,000 |
| Agent |
Fenn Wright |
The Pump House, Aylesford
Former Water pumping station converted into office space with large atrium to the rear of the building and views along the river Medway. Outside there is large car park for 24 cars with some covered spaces and a staff seating area. Built over three floors the building consists of: Basement with extensive storage area and toilets; Ground floor which is divided into three separate areas, including large reception and meeting room, staff kitchen and break area, and office space; First floor consisting of large open plan office area and computer control room. The building is fully air conditioned. Current annual rental income of £70,000.
| Price |
£1,500,000 |
| Agent |
Durlings |
Clifftown Road, Southend on Sea
This three storey building consists of ground floor and basement let to Countrywide Estate Agents (trading as Bairstow Eves) with fully refurbished first and second floor maisonette.
| Price |
£325,000 |
| Agent |
Sorrell |
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