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Commercial Property Letting Agents and
Consultants in Exeter, Devon and the South-West
Chard
July 12th, 2012
Turner Locker Barnfield, acting jointly with Philips Lockhart, on behalf of the Yorkshire Development Company, have sold the freehold interest in the Old Station, Great Western Road, Chard, for the sum of £850,000. The property had been let from September 2010 to The Original Factory Shop for a term of 15 years at a rent of £67,500 p.a. with RPI uplifts. The building provided 8,242 sq ft of ground floor retail accommodation and 23 parking spaces were available. The sale represents a net initial yield of 7.5%
Exeter
July 12th, 2012
Turner Locker Barnfield have sold the freehold interest in Swallow Units, Alphinbrook Road, Exeter on behalf of clients to a private purchaser for the sum of £1,060,000. The property comprises 11 small industrial units of between 1250 and 2500 sq ft with a rent roll of £91,000 p.a. and one vacant unit. The sale produces a net initial yield of 8.1% and the purchaser was represented by Haarer and Goss
Crediton
July 12th, 2012
Barnfield acted in the purchase of 113 High Street, Crediton for a private client in the sum of £215,000. The property is let as an Indian Restaurant for a term of 20 years from October 2010 at a rent of £19,000 p.a. The purchase represents a net initial yield of 8.6%. Turner Locker acted for the Vendor.
Plymouth
July 11th, 2012
Turner Locker Barnfield have acted for a private purchaser in the acquisition and subsequent letting of a long leasehold interest in 52 Cornwall Street and 151a and b Armada Way, Plymouth. The property was purchased or £510,000 with vacant possession from Allsops Auction and 52 Cornwall Street has subsequently been let to Michael Spiers Jewellers with the two Armada Way shops also having let to local traders. The upper floors are the subject of a planning application for conversion to student accommodation.
Exeter
July 11th, 2012
Acting on behalf of Multifoil Ltd, Turner Locker Barnfield have purchased the freehold interest in the former Unichem building on Marsh Green Road West, Exeter for a figure of £525,000. The premises comprise 37,000 sq ft warehouse and factory buiding. Multifoil are relocating their exisitng aluminium foil processsing operation from Alphinbrook Road.
Exeter
July 11th, 2012
Acting jointly with Aaron Fox Turner Locker Barnfield have purchased the freehold interest in 2 Trusham Road, Marsh Barton, Exeter for an undisclosed sum. The property had been offered by NPS Southwest Ltd at an asking price of £600K
Saltash
July 11th, 2012
Acting on behalf of a private client Turner Locker Barnfield have puchased the freehold interest in 75 Fore Street, Saltash, let to Betfred until 2017 at a rental of £15,750 p.a. A price of £220,000 was paid.
Llanelli
July 11th, 2012
Turner Locker Barnfield have acquired the freehold interest in 13 Vaughan Street, Llanelli for a private investor at a price of £435,000. The property comprised a shop let to British Heart Foundation for 10 years from October 2009 at a rent of £55,000 p.a. There is a tenants break option in the 5th year. The price reflects a net initial yield of 12%
Offices To Let Near M5 At Exeter
June 21st, 2012
The Hill Barton Business Park occupies a convenient position off of the A3052 Exeter to Sidmouth Road approximately 2 miles to the east of Junction 30 of the M5 Motorway and just past the Westpoint Show ground, famous for hosting the Devon County Show. The entrance to Hill Barton Business Park is directly opposite the entrance to Crealey Leisure Park. The subject property is located at the far end of the main internal estate road in a small terrace. Other occupiers on the business park include Devon Contractors, Initial City link and Debenhams. Exeter is an historic Cathedral City and forms the main administrative centre[gallery]
