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.  

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.     

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.    

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.      

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