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Investment Transactions

Please see below a selection of investment acquisitions and disposals that Nightingale Partners have advised on, both in Central London and the UK.

Alternatively, you can download our track record document by clicking here

 

 

Grosvenor House, The Square, Lower Bristol Road, Bath, BA2 3BH

Sale of Grosvenor House, The Square, Lower Bristol Road, Bath, BA2 3BH

Wesleyan Assurance Society has disposed of the freehold interest in the property to Bathford Partners.

Comprising self-contained office with a net internal area of c18,826 sq ft and a gross internal area of c21,161 sq ft plus 45 car spaces.

  • City Centre
  • Freehold
  • Fully vacant
  • Wesleyan Assurance Society was represented by Nightingale Partners and Carter Jonas.

For further information contact Richard Pope..

Chelsea Gate Studios, London SW6

Acquisition of Chelsea Gate Studios, SW6

Chelsea Gate Studios, located 2 minutes from Fulham Broadway Underground) comprises 9 office suites of c.5,000 sq ft on ground & first floors.

The property has been in the same ownership for 30+ years and was acquired by a private investor provided a rare opportunity to acquire a quality asset in a highly affluent location, providing future rental growth potential and latent value to be unlocked.

The purchaser was advised by Nightingale Partners and the seller by Frost Meadowcroft and Knight Frank .

For further information contact Rupert Mitchell.

Sunningdale - Garden Centre & Retail Village

Acquisition of Sunningdale - Garden Centre & Retail Village

Lavershot Barns, a Garden Centre and luxury retail village comprises 23 units which extend to 47,211 sq ft let to a range of independent and national occupiers including Seasons Kitchen, Lakeland, Aspiga, Crew Clothing and a Garden Centre.

This acquisition by a private investor provided a rare opportunity to acquire a quality asset in a highly affluent location, providing future rental growth potential and latent value to be unlocked.

The purchaser was advised by Nightingale Partners and Dale Johnstone at Allsop who advised the seller.

For further information contact Rupert Mitchell.

2-4 Weekday Cross, Nottingham, NG1 2GB

Sale of 2-4 Weekday Cross, Nottingham, NG1 2GB

Wesleyan Assurance Society has disposed of the freehold to ALB Commercial Properties Ltd.

Comprising self-contained office space with a net internal area of c9,097sq ft and a gross internal area of c14,084 sq. ft, excluding enclosed car park with 7 spaces.

  • City Centre
  • Freehold
  • Fully vacant

Wesleyan Assurance Society was represented by Nightingale Partners and HEB Property Consultants.

For further information contact Richard Pope.

Booker, Braunstone Firth Industrial Estate, Murrayfield Road, Leicester, LE3 1UW

Purchase of Booker, Braunstone Firth Industrial Estate, Murrayfield Road, Leicester, LE3 1UW

Consolidated Property Group, advised by Nightingale Partners, have completed the purchase of Booker Wholesale, on Braunstone Firth Industrial Estate, Leicester.

Self-contained detached cash and carry warehouse facility extending to 55,634 sq ft.

The 2.45 acre site has longer term redevelopment potential.

  • Freehold
  • Let on a FRI lease to Giant Booker Limited expiring 27th February 2030 with a guarantee from Giant Bidco Limited at a passing rent of £316,740 per annum, reflecting £5.69 per sq ft.

The property was acquired for £3,400,000 reflecting a net initial yield of 8.75% and a capital value of £61.00 per sq ft.

For further information contact Richard Pope.

Imperial House, 40-42 Queens Road, Brighton, BN1 3XB

Imperial House, 40-42 Queens Road, Brighton, BN1 3XB

Freehold city centre office part let to BBC with numerous asset management opportunities

  • Freehold disposal
  • City Centre office with numerous asset management opportunities
  • Part let to British Broadcasting Association

For further information contact Richard Pope.

1 Hook Road, Epsom, Surrey KT19 8TY

1 Hook Road, Epsom, Surrey KT19 8TY

Freehold disposal of vacant office with PD potential on behalf of Wesleyan Assurance Society

  • Freehold disposal
  • 20 miles from London
  • Town Centre Office with development potential.

For further information contact Richard Pope.

35 Broad St & 29-31 Queen Victoria St, Reading

35 Broad St & 29-31 Queen Victoria St, Reading

Acquisition of the freehold interest of three 100% prime retail units located opposite John Lewis in Reading town centre.

  • Freehold acquisition
  • Great location
  • Acquired on behalf of a Private Investor.

For further information contact Rupert Mitchell.

Sunningdale Retail and Residential Investment

Sunningdale Retail & Residential Investment

Comprising 7 shops, 7 self-contained maisonettes & 10 garages

  • Freehold acquisition
  • Great location
  • Acquired on behalf of a Private Investor.

For further information contact Rupert Mitchell.

Hereward Cross, Peterborough

Hereward Cross, Peterborough

Sale of long leasehold interest.

  • Strategic island site.
  • 1.23 acre if city centre.
  • 76,896 sq. ft of commercial space.
  • 13 retail units, a public house, 65 parking spaces and 33 residential apartments.

For further information contact Rupert Mitchell.

York Industrial and Land

York Industrial and Land

Acquisition of Multi-let Industrial and Land in York

  • Freehold acquisition
  • 25 acre, low site cover, multi-let, income producing industrial estate.
  • Numerous asset management opportunities
  • c. £4m
  • Acquired on behalf of a UK property company.

For further information contact Darryl Stevenson.

North M25 Quadrant

Noth M25 Quadrant

Acquisition of multi-let business centre and industrial accommodation.

  • Freehold acquisition of a multi-let business centre and industrial accommodation.
  • Low site cover with active management potential.
  • Acquired for c.£5m on behalf of UK property company.

For further information contact Darryl Stevenson.

Goodramgate, York YO1 7LS

Disposal of 63-73 Goodramgate, York, YO1 7LS

  • Nightingale Partners represented JRRT (Properties) Limited.
  • Situated in the centre of York.
  • Retail and restaurant investment extending to c16,996 sq ft.
  • Freehold
  • Majority let to Tesco Stores Ltd (until 2033) and Yorkshire Trading Company Ltd.
  • Purchase price £2,527,500/ 8.1%.

For further information contact Richard Pope.

Wharfdale Street, London SW10

Freehold Sale of Wharfdale Street Double Garage

  • Freehold Double Garage
  • Recently granted Planning Permission

For further information contact Rupert Mitchell.

Rudford Industrial Estate, Ford, West Sussex

Acquisition of Rudford Industrial Estate, Ford, West Sussex

  • Long-let freehold industrial investment
  • Index-linked reviews
  • Purchase price £4.125m/ 7.96%

For further information contact James Turner or Richard Pope.

66-68 Chapel Street, Marlow SL7 1DE

Disposal of 66-68 Chapel Street, Marlow, SL7 1DE.

  • Nightingale Partners represented Wesleyan Assurance Society.
  • Situated in the centre of Marlow.
  • Office extending to c6,672 sq ft (NIA)/ c8,725 sq. ft (GIA).
  • Freehold.
  • Potential to convert to residential under Permitted Development.

For further information contact Richard Pope.

The Ivy, 89-91 East Street, Chichester, PO19 1HA

Acquisition of the Ivy Restaurant, 89-91 East Street, Chichester, PO19 1HA.

  • Nightingale Partners and Cew Capital represented a private UK client.
  • Prime restaurant which has recently undergone a substantial refurbishment.
  • Let to Troia (UK) Restaurants Limited, guaranteed by Caprice Holdings Limited, for 25 years from November 2021.
  • Passing rent £150,000 per annum.
  • Purchase price of £2,880,000 reflected a net initial yield of c4.9%, and a capital value of c£265 per sq ft.

For further information contact Richard Pope.

Gosforth Business Park, Newcastle

Purchase of Nuffield Health and Fitness, Gosforth Business Park, Newcastle, NE12 8ET.

  • On behalf of Wesleyan Assurance Society Nightingale Partners jointly advised on the purchase of a Nuffield Health & Fitness investment at Gosforth Business Park, Newcastle upon Tyne.
  • The 2002 purpose built health & fitness club has a 25m indoor pool and extends to 37,652 sqft over a 4.25 acre site.
  • The property is let to Nuffield Health until March 2040 and the lease has annual CPI rent reviews with a collar & cap of 2% & 4% per annum. The passing rent is £270,400 per annum.
  • The property was acquired for c£4.28m reflecting a net initial yield of c5.93%.

For further information contact Richard Pope.

61-65 New Street, Birmingham

Acquisition of 61-65 New Street, Birmingham, B2 4DU

  • Nightingale Partners represented Consolidated Property Group in the purchase of this prime freehold mixed use block on New Street, Birmingham.
  • The property comprises four ground floor retail units with 4 upper floors of offices. The majority of the offices are let to the NHS (at c£17.00 psf), and the first floor is currently vacant with he opportunity to refurbish and re-let at a significantly higher rent.
  • The property was acquired off market for circa £9.5million, reflecting a net initial yield of c7.75% and a capital value per sq ft of c£240

For further information contact Richard Pope.

Manchester Industrial Park, Manchester

Sale of Manchester Industrial Park, Manchester

  • Freehold disposal of Manchester Industrial Park, Manchester, on behalf of Consolidated Property Group.
  • The property comprises a terrace of 7 units providing 61,212 sq ft of accommodation.
  • The purchase price of £7,000,000 reflected a net initial yield of 3.63%.
  • Nightingale Partners represented Consolidated Property Group

For further information contact James Turner.

Woodman Works, Durnsford Road, Wimbledon

Sale of Woodman Works, Durnsford Road, Wimbledon.

  • Freehold disposal of Woodman Works, Durnsford Road, Wimbledon to Tritax Property Income Fund (TPIF).
  • The property comprises a terrace of 10 units providing 19,812 sq ft of distribution, storage, office and gym accommodation.
  • The purchase price of £6,500,000 reflected a net initial yield of 3.50% (4.80% allowing for top up of vacant units) and a capital value of £328 per sq ft.

For further information contact Richard Pope.

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