Latest News

31st May 2018

Brighthouse On The Move in Lincoln

Brighthouse have relocated in Lincoln and have acquired Unit 2, St Benedicts Square on a 10 year lease at £29,000 per annum.  The terms include a tenant's only break at years three and five and was subject to three months rent free.      

30th April 2018

Brighthouse Back on The Acquisition Trail in Colchester

As part of their Estate Management Strategy, Brighthouse have acquired 68-72 Culver Street, Colchester.  The parties agreed a new 10 year lease at £22,000 per annum with tenant breaks at the third and fifth years subject to six months rent free.  Smith Price acted for Brighthouse. 

31st March 2018

Joules Head for The Border

Smith Price have acquired 23-25 English Street, Carlisle on behalf of Joules.  The parties agreed a new 10 year lease with a tenant's break at the fifth year at £85,000 per annum subject to 12 months rent free.  

28th February 2018

Wasabi Russell Up Japanese Speciality in Bernard Street

Smith Price have acted for Wasabi in acquiring 3 Bernard Street in Russell Square WC1 on an assignment from Detox Kitchen.  A rent was agreed of £120,000 per annum subject to a premium of £30,000 for a lease expiring on 15 March 2032.   

31st January 2018

Investment Sale in Ormskirk - Sweating The Asset

Smith Price, acting as joint agents with ADS Real Estate on behalf of Fairacre, have sold Two Saints Retail Park in Ormskirk for £8,000,000 (NIY 7.44%).  This was an investment we purchased for the landlord in 2014 for £6,725,000 and following some asset management initiatives returned a healthy profit for our client.