Latest Property News from Culverwell Property

107/109 Leith Walk, Edinburgh

admin — Tue, 27 Jul 2010 10:54:23 +0000

Acting on behalf of a private landlord, Culverwell have let 107-109 Leith Walk, Edinburgh, to Salvation Army.

Salvation Army agreed a new 10 year lease at an initial rent of £18,500 per annum with 5 yearly upward only rent reviews.

The premises extend to the following net internal areas:

Ground Floor 1,499 sq ft 139.26 sq m

For further details please contact:
Andrew Moffat
Direct Dial: 0131 243 9617
andrew@culverwell.co.uk

107-109 Market Street, St Andrews

admin — Thu, 22 Jul 2010 11:16:51 +0000

Acting on behalf of a private investor, Culverwell have let the premises at 107-109 Market Street, St Andrews to Nevada Bob’s for a new golf shop in the town.

This deal was based on a new 10 year full repairing and insuring lease at an initial rent of
£72,500 per annum, subject to 5 yearly upward only rent reviews.

The premises extend to the following net internal areas:

Ground Floor 1,820 sq ft 169.08 sq m
First Floor 825 sq ft 79.15 sq m

John Duthie of Nevada Bob’s commented that he was “delighted to have secured representation in St Andrews to expand the business in a town which to many is considered the home of golf”.

For further information please contact Peter Hutton at Culverwell

Direct Dial: 0141 275 3304
peter@culverwell.co.uk

5 Church Street, Inverness

admin — Thu, 17 Jun 2010 10:19:24 +0000

Acting on behalf of Fife Country, Culverwell have acquired the lease over 5 Church Street, Inverness from the head tenant Scottish Hydro Electric. The lease expires 30 September 2012 and the passing rent is £43,500 per annum.

The Premises extend to the following net internal areas:

Ground Floor 1,835 sq ft 170.47 sq m
First Floor 21 sq ft 1.95 sq m

For further information please contact:

Callum Mortimer
Direct Dial: 0131 243 9614
Email: callum@culverwell.co.uk

81 High Street, Irvine

admin — Mon, 14 Jun 2010 10:33:36 +0000

Acting on behalf of a private investor, Culverwell Property Consultants have recently concluded the sale of 81 High Street, Irvine at a price of £93,000, reflecting a net initial yield of 8.98%.

The subjects are let to S&A Seafoods and extend to a net internal area of 429 sq ft on a 20 year lease until 27 August 2017 at a rent of £8,500 per annum representing £21.46/sq ft Zone A.

For further information please contact:

Chris Brydie
Direct Dial: 0131 243 9606
Email: chris@culverwell.co.uk

89 George Street, Edinburgh

admin — Thu, 10 Jun 2010 10:15:07 +0000

Acting on behalf of Joint Properties Limited, Culverwell have let 89 George Street, Edinburgh on a new lease to White Stuff Limited.

This flagship building was formerly occupied by Grays of Edinburgh and will represent one of White Stuff’s largest stores in the UK.

Premises extend to the following net internal areas:

Basement 3231 sq ft 300.27 sq m
Ground Floor 3500 sq ft 279.27 sq m
First Floor 3058 sq ft 283.90 sq m
Second Floor 2964 sq ft 275.36 sq m

White Stuff are proposing to carry out a substantial refurbishment of the building to create a Scottish Flagship Store. James Godfrey, Retail Partner at Culverwell commented “It is fantastic news that a building of this quality is to be fully utilised and brought to life by such an excellent fashion retailer. There was considerable interest in this building throughout the marketing campaign, and this new store will be a considerable asset to George Street.”

White Stuff Limited have agreed a new 15 year FRI lease subject to 5 yearly upward only rent reviews at an average rent of £200,000 per annum.

For further information please contact:

James Godfrey
Direct Dial: 0131 243 9603
Email: james@culverwell.co.uk

13-15 High Street, Inverness

admin — Mon, 07 Jun 2010 14:15:46 +0000

Acting jointly on behalf of Joint Properties Limited, Culverwell and King Sturge have let 13-15 High Street, Inverness to Poundland Limited.

The premises extend to the following net internal areas:

Ground Floor 6,749 sq ft
First Floor 5,991 sq ft
Second Floor 6,196 sq ft
Third Floor 6,791 sq ft
Fourth Floor 956 sq ft

Poundland have agreed a new 15 year full repairing and insuring lease subject to 5 yearly upward rent reviews at an initial rent of £170,000 per annum.

For further information please contact:

James Godfrey
Direct Dial: 0131 243 9603
Email: james@culverwell.co.uk

30 Portland Place, Hamilton

admin — Wed, 02 Jun 2010 12:49:34 +0000

Acting on behalf of a private investor, Culverwell Property Consultants have recently concluded the sale of Units 1-3, 30 Portland Place, Hamilton at a price of £1,450,000, reflecting a net initial yield of 6.82%.

The subjects are let to Tesco Stores Limited, Coral Estates Limited and Flamin’ Wok Limited. Units 1 and 2 are held on 20 year leases and unit 3 on a 15 year lease with an option to extend for a further period of 10 years from 2021.

For further information please contact:

Stewart Sheridan
Direct Dial: 0131 243 9602
Email: stewart@culverwell.co.uk

68 High Street, Leven

admin — Wed, 07 Apr 2010 10:14:37 +0000

Acting on behalf of Specsavers, Culverwell Property Consultants have negotiated a new lease over shop premises at 68 High Street, Leven from landlord Lothian Property & Finance Co Ltd.

The premises are arranged over ground floor only and extend to 1,976 sq ft.

Specsavers agreed a new 10 year full repairing and insuring lease, subject to 5 yearly upward only rent reviews at an average rent of £24,000 pa.

For further details please contact:

James Godfrey
Direct Dial: 0131 243 9603
Email: james@culverwell.co.uk

Unit 41 Newkirkgate Shopping Centre, Edinburgh

admin — Thu, 01 Apr 2010 15:52:24 +0000

Acting on behalf of Specsavers, Culverwell Property Consultants have negotiated a new lease over shop premises at Unit 41, Newkirkgate Shopping Centre, Edinburgh from landlord Baronsgate Estates Limited.

The premises are arranged over ground floor only and extend to 1,542 sq ft with ancillary remote store.

Specsavers agreed a new 10 year full repairing and insuring lease, subject to 5 yearly upward only rent reviews at an initial rent of £30,000 pa.

For further details please contact:

James Godfrey
Direct Dial: 0131 243 9603
Email: james@culverwell.co.uk

192 Bruntsfield Place, Edinburgh

admin — Mon, 29 Mar 2010 10:19:32 +0000

Acting on behalf of Jon Sharp Culverwell have acquired a new lease over 192-194 Bruntsfield Place, Edinburgh for use as a coffee shop based on a rent of £20,000 per annum on a new 20 year full repairing and insuring lease and subject to 5 yearly rent reviews.

The premises extend to the following net internal areas:

Ground Floor 777 sq ft 72.21 sq m
Basement 453 sq ft 42.04 sq m

Jon Sharp of Kilimanjaro Coffee commented, “We’ve had our eye on Bruntsfield Place for some time and are delighted to have secured a long lease on a property with so much character, in the heart of the street”.

For further details please contact:

Callum Mortimer
Direct Dial: 0131 243 9614
callum@culverwell.co.uk