September Deals Update

Silverton House, Northumberland Business Park
Published on: 3rd September 2018

During August, we were delighted to announce the launch of our brand new residential estate agency site – SW Residential. Our residential team have over 50 years’ combined experience in the Leeds property market and offer a bespoke service to landlords, tenants and investors respectively and you can click here to view the site.

In the second quarter of this year Newcastle city centre office take-up totalled 53,768 sq ft, the strongest quarter in the city centre since 2016. Seven of the deals in Newcastle also saw businesses moving into Grade A accommodation, further highlighting the occupier trend of relocating from larger Grade B offices to more prestigious and efficient Grade A offices. Click here to view our Newcastle office market update for Q2 2018.

In Leeds, city centre take-up totalled just under 150,000 sq ft across 34 transactions. The out of town market achieved a 100% increase on the previous quarter with total take up of 167,962 sq ft, outperforming the city centre market for the first time in two years. You can view the full Leeds office market update for Q2 2018 here.

Wiltshire Council has appointed us to sell two of their outdoor education centres, one of which is located in Marlborough, and the other in Devizes. Agent on the properties, Lee Southan commented, “This was a really exciting instruction for us, as whilst we’re used to dealing with a great variety of property types it offered something a little different to the norm.”

We have been appointed sole selling agents by KPMG, as administrators of Adam & Baka Ltd, owners of a very substantial freehold property portfolio located in Bradford, West Yorkshire. The large portfolio extends to 400,000 sq ft of accommodation and has a gross rent roll approaching £350,000 per year.

In Teesside, we have improved our already strong position with several significant commercial property instructions in the region. The Northshore development in Stockton-on-Tees highlights the increased investment in the area and the all-new Station Place development in Newton Aycliffe is gaining unprecedented interested we’re pleased to be in talks with several potential occupiers seeking high quality new industrial space.

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SW Residential launch brand new website

We are pleased to announce the launch of our brand new residential estate agency site – SW Residential. Our specialist residential team have over 50 years’ combined experience in the Leeds property market and offer a bespoke service to landlords, tenants and investors respectively. Head of our Leeds residential office, Diana Warr, commented “We are absolutely delighted with our new website. A standalone residential site alongside the main SW website will enable us to showcase all the fantastic properties we have on the market, highlight our services and provide us with a platform to publish industry news, views and a glimpse of what’s going on in Leeds. The more responsive design and easy to navigate pages provide visitors with a cleaner and more user-friendly journey, on desktop, tablet and mobile devices.”

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We are pleased to announce the launch of our brand new residential estate agency site – SW Residential.

Our specialist residential team have over 50 years’ combined experience in the Leeds property market and offer a bespoke service to landlords, tenants and investors respectively.

Head of our Leeds residential office, Diana Warr, commented “We are absolutely delighted with our new website. A standalone residential site alongside the main SW website will enable us to showcase all the fantastic properties we have on the market, highlight our services and provide us with a platform to publish industry news, views and a glimpse of what’s going on in Leeds. The more responsive design and easy to navigate pages provide visitors with a cleaner and more user-friendly journey, on desktop, tablet and mobile devices.”

[fulltext] =>

Earlier this year our residential sales and letting team moved into new premises on the ground floor of the £100 million Central Square development, with our Leeds commercial team taking space on the 6th floor.

Click here to view the site.

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Two outdoor education centres on the market in Wiltshire

Wiltshire Council has appointed us to sell two of their outdoor education centres, one of which is located in Marlborough and the other in Devizes. Braeside is a 4.5-acre site located in Devizes offering a range of outdoor education activities, with 90 beds, conference facilities, classrooms and a fully fitted commercial kitchen. Braeside boasts fantastic facilities for outdoor activities, including a climbing wall, high-level rope line & zip wire and is ideally located to take advantage of a number of woodland walks in the surrounding area. In addition to general outdoor activities for children the centre also provides courses for able, Gifted, Talented and Enrichment (AGT&E) students.

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Wiltshire Council has appointed us to sell two of their outdoor education centres, one of which is located in Marlborough and the other in Devizes.

Braeside is a 4.5-acre site located in Devizes offering a range of outdoor education activities, with 90 beds, conference facilities, classrooms and a fully fitted commercial kitchen.

Braeside boasts fantastic facilities for outdoor activities, including a climbing wall, high-level rope line & zip wire and is ideally located to take advantage of a number of woodland walks in the surrounding area. In addition to general outdoor activities for children the centre also provides courses for able, Gifted, Talented and Enrichment (AGT&E) students.

[fulltext] =>

The second property, Oxenwood is set in a similarly rural location on a 1.4-acre site that is split across two adjacent areas of land. Oxenwood has 38 beds and offers a range of outdoor learning and activities centred around teamwork and effective communication while building resilience and giving young people the opportunity to set their own measurable goals and celebrate their achievements.

Agent on the properties, Lee Southan commented, “This was a really exciting instruction for us, as whilst we’re used to dealing with a great variety of property types it offered something a little different to the norm. We believe strongly in keeping the properties operational and feel privileged to be involved in a project which we know is of significance to the lives of young people that are lucky enough to visit the centres.

“Both of the centres have excellent facilities and are set in desirable locations that offer real potential to purchasers in terms of development, so we expect to receive a great deal of interest.”

For more information about Braeside Education and Conference Centre please click here and for more information on Oxenwood Outdoor Education Centre please click here.

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Leeds office market update Q2 2018

In the City centre, take up totalled 145,329 sq ft across 34 transactions. The largest deal of the quarter was the 25,938 sq ft letting at 5 Wellington Place to Ministry of Justice, which has taken the first and second floors. The other letting of significance saw Investec take 20,402 sq ft on a 15-year lease at 3 Wellington Place. The out of town market achieved a 100% increase on the previous quarter with a total take up of 167,962 sq ft across 28 transactions. The major deal of the quarter saw Perform acquire 39,422 sq ft at Optim, White Rose Office Park, on a 15-year lease. The other notable deals include the 16,617 sq ft letting at Leeds Valley Park to Lowell, and the 16,550 sq ft letting at Phoenix House, Hawthorn Business Park, to Trade Skills 4U.

Read More....

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In the City centre, take up totalled 145,329 sq ft across 34 transactions. The largest deal of the quarter was the 25,938 sq ft letting at 5 Wellington Place to Ministry of Justice, which has taken the first and second floors. The other letting of significance saw Investec take 20,402 sq ft on a 15-year lease at 3 Wellington Place.

The out of town market achieved a 100% increase on the previous quarter with a total take up of 167,962 sq ft across 28 transactions. The major deal of the quarter saw Perform acquire 39,422 sq ft at Optim, White Rose Office Park, on a 15-year lease. The other notable deals include the 16,617 sq ft letting at Leeds Valley Park to Lowell, and the 16,550 sq ft letting at Phoenix House, Hawthorn Business Park, to Trade Skills 4U.

[fulltext] =>

Click here to view our Leeds Office Market Update for Q2 2018.

For further information about the market update please contact Richard Dunn, head of our office agency team on 0113 221 6137.

Contact Us

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[feed_summary] => 0 [feed_show_readmore] => 0 [show_page_heading] => 1 [layout_type] => blog [menu_text] => 1 [page_title] => Latest News and Insight on the UK Commercial Property Market | Sanderson Weatherall [page_heading] => Latest News [menu-meta_description] => News, industry insight and features on the UK Commercial Property Market from Award Winning Property Consultancy Sanderson Weatherall [secure] => 0 [page_description] => [page_rights] => [robots] => [access-view] => 1 ) [initialized:protected] => 1 [separator] => . ) ) URL: /news/22-blog/1575-leeds-office-market-update-q2-2018?layout=default&breadcrumb=noimage

Newcastle office market update Q2 2018

City centre office take up in the second quarter of 2018 totalled 53,768 sq ft, the strongest quarter in the Newcastle city centre since 2016.

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City centre office take up in the second quarter of 2018 totalled 53,768 sq ft, the strongest quarter in the Newcastle city centre since 2016.

[fulltext] =>

Click here to view our Newcastle Office Market Update for Q2 2018.

Seven of last quarter's city centre transactions saw businesses moving into Grade A accommodation, further highlighting the occupier trend of relocating from larger Grade B accommodation to more prestigious, and efficient Grade A accommodation.

The out of town figures reflected the strongest quarter since 2013, totalling 200,748 sq ft over 42 transactions. The key deals out of town during Q2 2018 were a freehold sale of 36,993 sq ft at Keel Square, Sunderland to Hays Travel and a leasehold transaction of 30,369 sq ft at Balliol Business Park to Tommee Tippee.

For further information about the market update please contact our North East office agent, Charlotte Marshall on 0191 269 0132.

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Mixed portfolio of freehold commercial investments and developments for sale in Bradford

We have been appointed Sole Selling Agents by Howard Smith and David Costley-Wood of KPMG as Administrators of Adam & Baka Ltd, owners of a very substantial freehold property portfolio located in Bradford, West Yorkshire. Click here to view the property listing. The portfolio is offered for sale as a whole or in seven Lots and extends to over 400,000 sq ft (37,160 sq m) of accommodation on 18.6 acres (7.5 ha) with a gross rent roll approaching £350,000 per annum.  Combined quoted asking prices for Lots 1-6 is £4.22m. Offers are invited for Lot 7, a 4.6 acre (1.9ha) cleared site in the BD4 district.

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We have been appointed Sole Selling Agents by Howard Smith and David Costley-Wood of KPMG as Administrators of Adam & Baka Ltd, owners of a very substantial freehold property portfolio located in Bradford, West Yorkshire.

Click here to view the property listing.

The portfolio is offered for sale as a whole or in seven Lots and extends to over 400,000 sq ft (37,160 sq m) of accommodation on 18.6 acres (7.5 ha) with a gross rent roll approaching £350,000 per annum.  Combined quoted asking prices for Lots 1-6 is £4.22m. Offers are invited for Lot 7, a 4.6 acre (1.9ha) cleared site in the BD4 district.

[fulltext] =>

Neil Bestwick agent on the property commented, “We expect this portfolio to generate significant market interest as it offers extensive proactive management opportunities with 3 of the lots having great scope for immediate redevelopment, subject to the usual permissions”.

Bids are required by Friday 28 September 2018.  

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Significant potential in Teesside commercial property market

We have recently improved our already strong position with several significant new commercial property instructions in the region. The Northshore development in Stockton-on-Tees highlights the increased investment in the area with the mixed-use site creating 200 homes and over 400,000 sq ft of commercial space. With a number of the houses already occupied, the flagship scheme has created a brand new, vibrant community on the bank of the River Tees. Teesside’s property market continues to display its resilience, with confidence high and lenders investing more throughout the region, as well as strong new developments and schemes entering the market across a broad range of sectors.

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We have recently improved our already strong position with several significant new commercial property instructions in the region.

The Northshore development in Stockton-on-Tees highlights the increased investment in the area with the mixed-use site creating 200 homes and over 400,000 sq ft of commercial space. With a number of the houses already occupied, the flagship scheme has created a brand new, vibrant community on the bank of the River Tees.

Teesside’s property market continues to display its resilience, with confidence high and lenders investing more throughout the region, as well as strong new developments and schemes entering the market across a broad range of sectors.

[fulltext] =>

Commercial property agent Chris Dent joined us at the turn of the year and brought with him over five years’ experience working in the North East property market. When asked about his first six months focusing more on the Teesside market, Chris commented, “I welcomed the challenge of further developing my knowledge of the Teesside market – in a short time I’ve noticed a real growth in the market. I’ve been able to work on some really great projects in Teesside and I’m incredibly excited by the untapped nature of the market.

“In the industrial market, the all-new Station Place development in Newton Aycliffe is generating unprecedented interest and we’re pleased to be in talks with several potential occupiers seeking high quality new industrial space. Totalling over 200,000 sq ft of space this new interest demonstrates the positive nature of the industrial market. We know that Station Place will build on the solid elements that made the adjacent Merchant Park perfect for Hitachi Rail.

Our Stockton-on-Tees office work with property occupiers, owners and investors throughout the Tees Valley and by offering multiple services under one roof are the only one stop property shop working within Teesside.

Contact Us

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Assets of Poundworld head office up for auction

Following Poundworld Retail Ltd entering administration on the 11 June 2018 Sanderson Weatherall have been instructed by the administrators Daniel Francis Butters & Clare Boardman to stage an Online Auction of the assets located at their head office site in Normanton, West Yorkshire.

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Following Poundworld Retail Ltd entering administration on the 11 June 2018 Sanderson Weatherall have been instructed by the administrators Daniel Francis Butters & Clare Boardman to stage an Online Auction of the assets located at their head office site in Normanton, West Yorkshire.

[fulltext] =>

Our specialist machinery and business assets team have managed the process and the major sale will feature in excess of 1,500 lots, including modern distribution warehouse equipment, office furniture, IT equipment and point of sale stock.

Andrew Cromack, Surveyor & RICS Registered Valuer in our Leeds machinery and business assets team commented, “With over 1,200 lots we feel that this sale will provide individuals and organisations with a rare opportunity to acquire first class, office, warehouse, retail and IT equipment. We’ve dealt with several similar auctions recently but have been impressed at the quality and variety of lots on offer at this particular sale and expect to receive significant interest.”

Of particular interest is the Cummins 12 cylinder diesel standby generator, Tammer Matic drive-through vehicle wash, 12 Siat automated pallet wrappers, ride on floor sweepers and high quality IT and office furniture.

The auction takes place next week with bidding closing from 10am on Wednesday 22nd August.

Click here to view the auction online, for further information, interested parties should contact Andrew on 0113 221 6074.

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