Latest News

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.  

1st December 2017

Mountain Warehouse On the Acquisition Trail

Mountain Warehouse agree a second acquisition in a month by acquiring 36 Sidney Street, Cambridge from Jarrold & Sons Limited (t/a Hobbs Sports).  They agreed an assignment of the existing lease which expires on 28 February 2026 and has a passing rent of £117,500 per annum and will trade the unit as Zakti Activewear.  Smith Price acted on behalf of Jarrold & Sons Limited.   

1st November 2017

Mountain Warehouse Reach New Peak in Oxford

Mountain Warehouse have acquired the lease on 6 Broad Street, Oxford from Cath Kidson on an assignment.  The lease expires on 5 September 2020 and the passing rent is £108,750 per annum.  Smith Price acted for Mountain Warehouse in this matter.  

2nd October 2017

Wayne's World Comes to Kensington High Street

Smith Price, acting on behalf of the landlord, have let 225 High Street Kensington, London W8 to a franchisee of Wayne's Coffee.  The parties agreed a new 10 year lease at £100,000 per annum subject to four months rent free.   

1st September 2017

Smith Price Complete Sweet Deal in Shrewsbury

Smith Price, acting on behalf of the Landlord, Capel House Property Trust Limited, have completed a letting of 19 Pride Hill, Shrewsbury, to Hotel Chocolat.  The parties agreed a new 10 year lease at £92,500 per annum subject to three months rent free.