Latest News

29th April 2022

Smith Price RRG Sell Freehold Repurposing Opportunity In Billericay

Smith Price RRG have sold a parade of four retail properties at 81-87 High Street Billiercay for £2,825,000.  The property had planning conesent for 9 luxury apartments on the first and second floors and benefitted from a large car park to the rear plus a further parcel of land offering additional potential.  

31st March 2022

Sale Of Freehold With Vacant Possession in Crawley Signals Paradigm Shift In Occupier Behaviour

SPRRG have sold the freehold interest of 10-11 Queens Square, Crawley to an owner occupier for £800,000. Interestingly, demand was strongest from operators seeking to secure the freehold from which to trade rather than investors seeking a return.  This could signal a paradigm shift in occupier behaviour in challenging towns and cities.     

21st February 2022

Freehold Investment Sale in Bournemouth Shows Appetite For Retail Remains Strong

Smith Price RRG have sold the freehold of 53 Old Christchurch Road Bournemouth at a net initial yield of 7.23%.  The property, which is arranged over the ground and three upper floors, is let to Kokoro on a 15 year lease from 6 December 2019 at a rising rent over the first 5 years from £61,250 pa to £65,000 pa.  There is a tenant's break at year 10.    

31st January 2022

Smith Price RRG are the CoStar Awards Quarterly Deals Winner for Q4 2021

Smith Price RRG have won the CoStar quarterly deal award for a letting on behalf of the landlord of Unit A & B Army & Navy, Chelmsford to Moda Furnishings Limited. The parties agreed a new 10 year lease at £100,000 pa subject to 6 months rent free with tenant breaks at the third and fifth years.      

1st December 2021

Smith Price RRG are LinkedIn

For more news content, please visit our company Linkedin account here:  Smith Price RRG - LinkedIn