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Auction Transactions 2009
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Worldwide > United Kingdom > Jones Lang LaSalle Auction Transactions 2009
 

Jones Lang LaSalle Auctions January - July 2009

  • 105 individual sales completed
  • Over £113 million raised for clients
  • 84% average sale rate (95% sale rate for institutional clients)
  • Average lot size £1.1 million, ranging from £250,000 to £3,300,000

A selection of Jones Lang LaSalle Auction Sales in 2009

 

Warrington
Iceland Store, Crossfield Street

• Offered on behalf of a major fund
• Freehold Retail Investment
• Let to Iceland Foods Ltd (with guarantee) until 2030
• Current Rent £100,087 p.a. with 5 yearly fixed uplifts
Sold for £1,365,000 (6.93% NIY)
 

London
148-152 West End Lane, West Hampstead

• Offered on behalf of Network Rail
• Virtual Freehold Ground Rent Investment
• Let to Effective Properties Limited Until 2059
• Approximately 1 Acre opposite West Hampstead Station
• Producing £73,750 p.a.
Sold for £2,060,000 (3.39% NIY)
 

 Brighton Court  Norwich Tombland

Brighton
Brighton Family Court, 1 Edward Street

• Freehold Office Investment
• Well Located 50 Metres from the Royal Pavilion
• Let to The Secretary of State
  for the Environment until 2025
• Current Rent £212,500 p.a. (£14.17 p.s.f.)
Sold for £3,100,000 (6.48% NIY)
 

Norwich
25 and 25A Tombland

• Freehold Restaurant Investment
• Well Located in City Centre
• Let to Ask Restaurants Ltd (with guarantee) until 2036
• Current Rent £75,000 p.a.
Sold for £1,085,000 (6.54% NIY)

 Bath Union Street  Newport Isle of Wight

Bath
18 Union Street

• Offered on Behalf of a Major Fund
• Freehold Retail Investment
• Let to Tie Rack Ltd Until 2017
• Pedestrianised City Centre Location
• Current Rent £76,054 p.a.
Sold for £1,310,000 (5.49% NIY)

Newport
Isle of Wight, 119/119A High Street

• Offered on Behalf of a Major Fund
• Freehold Bank Investment
• Majority let to Cheltenham & Gloucester plc until 2019
• Prime Town Centre Location
• Current Rent £66,180 p.a.
Sold for £1,002,500 (6.24% NIY)
 

 Hounslow Holdsworth House  Manchester Atlas Unit

Hounslow
Holdsworth House, 65-73 Staines Road

• Offered on Behalf of Ignis Asset Management
• Freehold Office Investment
• Approximately 23,434 sq ft situated close to Town Centre
• Multi let to Local Tenants on Short Leases
• Current Rent £323,013 p.a.
Sold for £2,282,500 (13.39% at £97 p.s.f Cap. Value)
 

Manchester
Atlas Unit, Isis Industrial Estate

• Freehold Warehouse Investment
• Modern Unit Approximately 60,152 p.a.
• Let to Bunzl UK Limited until 2023
• Current Rent £295,316 p.a.
Sold for £3,100,000 (9.01% NIY)

Poole Sandbanks Road

Bushey
28 High Street

• Freehold Bank Investment
• Well Located in Affluent Commuter Town
• Majority Let to Barclays Bank plc until 2027
• Current Rent £35,020 p.a.
Sold for £700,000 (4.73% NIY)

Poole
Sandbanks Road (B3369) Lilliput

• Freehold Petrol Filling Station Investment
• Situated in Highly Affluent Residential Area
• Let to Somerfield Stores Ltd,
  (with Co-Operative Group Guarantee) until 2027
• Current Rent £144,324 p.a. with Fixed Annual 2% Increases
Sold for £2,300,000 (5.94% NIY)
 

London Bow Street London The Broadway

London
19-20 Bow Street, Covent Garden

• Freehold Restaurant Investment
• Situated Opposite Royal Opera House
• Let to ASK Restaurants Limited, (with Guarantee)
  until 2025
• Upper Floors sold off
• Current Rent £186,250 p.a.
Sold for £3,150,000 (5.59% NIY)
 

London
32-34 The Broadway, Mill Hill

• On Behalf of Executors
• Freehold Retail Investment
• Prominent Corner Site in Affluent Suburb
• Let to Boots UK Ltd
• Current Rent £45,000 p.a.
• Important Reversion in 2011
Sold for £970,000 p.a. (4.39% NIY)

Maidenhead McGraw-Hill House Wellingborough Sinclair

Maidenhead
McGraw-Hill House, Shoppenhangers Road

• Offered on Behalf of PRUPIM
• Freehold Geared Ground Rent Investment
• Well Located Close to Junction 9 of the M4 Motorway
• Let to McGraw-Hill International (UK) Ltd
• Major Reversion in 2063
• Current Rent £203,500 p.a.
Sold for £3,300,000 (5.83% NIY)
 

Wellingborough
Sinclair Drive, Park Farm Industrial Estate

• Offered on Behalf of a Major Fund
• Virtual Freehold Warehouse Investment
• Approximately 50,118 sq ft on 3.73 Acre Site
• Let to Boots UK Ltd, (Now Sub-let) Until 2012
• Current Rent £229,750 p.a.
Sold for £1,900,000 (11.44% NIY)

  Auctions, Properties and Private Investment Property

 

Our selling clients include:

Auctions Clients 2009


A selection of Client Testimonials in 2009

I was delighted to be working with you and the service you provide has fully come up to my expectations”  director of a major national agency (associate auctioneers)

...what a joy it is again to work with you and your team. Words like professional, efficient and courteous spring immediately to mind. Nothing seems to be too much for any of you and response times are always very quick  investment director of a property consultancy(associate auctioneer)

I was simply astounded by the price which our investment property realised at your auction sale..... This was far in excess of what we had thought might be paidcompany director

My thanks to you and your team for achieving an excellent result for usformer chairman of a public property company

A pleasing result! I wish all our other sales could be as swift and clinical as that... Thank you for all your hard work. It’s much appreciatedinstitutional fund manager

…thank you for achieving a great result for the Fund yesterday. Please thank all the team for me and I look forward to working with you again institutional fund manager

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