SPRRG have been retained by Boots UK to dispose of surplus freehold properties from their store portfolio where they have ceased trading. In the last 12 months SPRRG have sold over a dozen properties throughout the UK.

Smith Price RRG have acted on behalf of Cobra Coffee Ltd in the acquisition of a new 10 year lease on the ground floor of this building. The lease is subject to an upward only rent review and tenant only break clause at the 5th year at a commencing rental of £50,000 pa excl with Cobra Coffee receiving a rent free period of 6 months.

Acting on behalf of private overseas clients SPRRG have let the property to Lidl on a new 20 year lease at £225,000pax. The property was formerly occupied by Peacocks and possession was obtained post administration and pre-let to the acquisitive discount supermarket operator who are currently refurbishing and extending the building prior to occupation.

Acting on behalf of private overseas clients SPRRG have sold the freehold of 49a Westow Hill for £2M for redevelopment. The property is currently let to Poundstretcher with an imminent expiry, and the upper floors will be converted to residential use, and SPRRG have been retained to advise on ongoing strategy for the retail unit.

Smith Price RRG have advised on the purchase of 37-39 Broadwalk in Harlow occupied by Boots the Chemist and New Look on behalf of a private investor.