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Acting on behalf of a private investor, BHT have acquired this prime retail property let to Thornton's Plc in an off market transaction for £325,000 representing a Net Initial Yield of 6.46%.

In an off market transaction, BHT acquired this prime retail property for £780,000 representing a Net Initial Yield of 6.85%. The property is let to Mackays Stores until October 2012 at a current passing rent of £56,750 per annum.

HOLE-IN-ONE TOPS LEEDS PROPERTY INVESTMENT CHARITY GOLF DAY

Leeds commercial property agent Brackenridge Hanson Tate organised the fourth Leeds Property Investment charity golf day on Thursday 21st June with spectacular results. Neil Clark from Bracken Developments achieved an unbelievable hole-in-one on the 2nd hole and scooped a brand new Volvo for his efforts, plus the event raised over £30,000 for two great charities.
The Leeds Property Investment Charity Golf Day was held at Otley Golf Club on Thursday 21st June 2007 in aid of Wherever The Need and The Leeds Children's Holiday Camp.

The Hole in One was sponsored by the Bank of Ireland and the car was provided by Harratts Volvo, Leeds. Winner Neil Clark kindly donated half the proceeds of the car to the chosen charities. The team winners were Bank of Ireland with 85 points, second Brackenridge Hanson Tate with 84 points and third Hague Nicholls with 83 points. Rob Gordon from King Sturge won Longest Drive and Alistair Russell won Nearest the Pin.

Neil Clark said "I will probably never be this lucky again, but getting a hole in one at such a prestigious event, and being in a position to help such fantastic charities is truly fortunate."

The event was organised by Brackenridge Hanson Tate and the principal sponsors were Evans, CNP, Reesdenton, Savills, Steadman Brierley, Bracken Developments, Jones Lang LaSalle, Bank of Ireland, Dransfields, Andrew Barrs & Company.

BHT are pleased to announce Richard Abbiss has joined as a consultant and will be working from their office in Leeds.

Richard has over 20 years of agency experience and has worked for a variety of clients including HSBC, Frogmore, CIT, British Land, ING and Devonshire Holdings. He previously worked in the Leeds office of Jones Lang LaSalle and will be developing the agency instruction base across all property sectors. Richard can be contacted on 0113 2449020 or mobile 07522 559750.

During 2009, BHT acquired and sold over £20 million worth of commercial property investments throughout the UK as per the summary below:-

High Street

- Fat Face, Beverley - £1 million
- Prime Retail Shop, Skipton - £1 million
- Mackays, Bridgnorth - £1.1 million
- WH Smiths, Sandbach - £430,000
- Thorntons, Falmouth - £325,000
- Mackays, Nantwich - £785,000
- Co-op, Ilkley

Single-let Warehouses

- Beardow & Adams, Milton Keynes - £3 million
- De Vere, Warrington - £5 million
- Kwik Fit, Edinburgh - £430,000

Multi-let Industrials

- Acorn Industrial Estate, Shipley - £2.5 million
- Royds Mill, Brighouse - £800,000

Retail Warehousing

- Netto & Wickes, Darlington - £4.3 million

We have ongoing investment requirements in 2010 and are looking to acquire quality commercial property investments in the following sectors:-

- funding/forward commitments on budget hotels
- prime market town retail
- single let industrials
- multi-let industrial estates
- supermarkets
- trade counter
- retail warehouse (e.g. Halfords etc)
- City Centre offices

We are reporting on a number of sales and hope to receive instructions on these in due course.

Brackenridge Hanson Tate are pleased to announce that Jonathan Wade MRICS has recently become a RICS accredited Level 4 Energy Performance Assessor and is able to offer a professional service to clients.

It is a legal requirement of the seller, landlord and assignor that an EPC is provided to the prospective buyer, tenant or assignee at the earliest opportunity. The penalty for non compliance is 12.5% of the rateable value of the building subject to a minimum fine of £500 and a maximum of £5000.

The EPC is valid for 10 years so the annual cost is minimal.

For further information please contact Jonathan on 0113 2449020 or jonathan@bht.uk.com.

BHT have successfully completed the letting of Units 19 and 21, Grove Promenade, Ilkley to De Bradelei Stores Ltd to trade as Weird Fish at an average rental for the 5 years of £32,800 for a term of 10 years.

Ilkley has faired well in the recession with good demand for retail outlets in this affluent dormitory town.

The tenants were represented by Kearns & Partners of Ilkley.

Acting on behalf of ING Real Estate, BHT have successfully sold the above prime retail warehouse investment let to Wickes & Netto until 24th December 2019 at a price of £4.3 million, reflecting a net initial yield of 8%.

Acting on behalf of a private landlord, BHT and Eaton Commercial have let the above motor showroom to Ford Retail Group on a full repairing and insuring lease for a term of 25 years subject to 5 year Rent Reviews with a break at year 15 at an initial rent of £300,000 per annum.

This letting was completed on 7th July 2008.

BHT have recently advised Landmark and Regional LLP with regard to the sale of 9 new industrial units at Wilsden.

Following the purchase of the site from Allied Textile Plc the developer has demolished the existing redundant textile factory and remediated the site. Persimmon Homes acquired part of the site for residential development.

BHT have recently been instructed by Gray & Adams Ltd to provide strategic property advice on their portfolio of freehold properties throughout the UK. Gray & Adams are the UK's leading manufacturer of bespoke trailers and vehicles for temperature controlled and specialised dry freight applications.

Initial projects include facilitating the possible expansion of the Doncaster and Dunfermline operations.

Acting on behalf of a private client, BHT and joint agents Geo Hallam & Sons of Nottingham have completed the final letting at the above retail development which is now fully occupied.

The scheme consists of seven units from 1,250 sq ft upwards, totalling 13,700 sq ft of retail property including a number of recognised occupiers including Motorworld, Subway, John Cheatle Ltd and Kennelpak Ltd.

We have seen a recent flurry of activity from private investors looking to secure well let investments let to undoubted covenants. High Street retail investments typically less than £2 million are proving to be the most popular asset class amongst investors. The recent activity has been driven by the low interest rates on cash deposits. If you can get 6% - 7% on a secure property, why would you keep your money on deposit?

The story is different on those properties over £2 million where investors are more savvy. There is a shortage of quality investments available and whilst some of the institutional investors are still disposing of properties, in some instance properties are being withdrawn and some vendors are raising their price aspirations.

We have seen a number of investors seeking well let distribution warehouse opportunities and city centre offices, again secured on good covenants, whilst the bulky goods retail warehouse sector has been the hardest hit where yields are moved out towards circa 9% - 10%. Investors are concerned that retailers are struggling on the retail parks and there could be a large number of voids appearing and rental performance could be negative.

We believe it is a good opportunity for investors to acquire commercial property within their portfolio but the old rule location, location, location still applies.

Acting on behalf of a private investor, BHT have acquired this single let industrial investment for £3,000,000 representing a Net Initial Yield of 13.56%. The property is let until 14th November 2015 at a current rent of £430,100 per annum. Our client exchanged contracts within 10 days.

Acting on behalf of a private investor, BHT acquired a parade of shops adjacent to Sainsbury's for £2 million representing a Net Initial Yield of 8%.

Acting on behalf of Threadneedle Property Unit Trust, BHT sold the above retail warehouse for £2,900,000 equating to a Net Initial Yield of 7%.

Acting on behalf of Trustees, BHT sold the above prime retail investment let to Monsoon for £1,229,000 representing an initial yield of 5.38%.

Acting on behalf of Sackville TSP Property, BHT acquired 1 South Quay, Sheffield for £8,900,000. The property comprises a prime city centre office let to Nabarros until November 2020. The passing rent is highly reversionary.

BHT acting on behalf of the Knavesmire Unit Trust can report a major investment in the infrastructure at the above industrial estate.

£500,000 of road improvements, including widening, total resurfacing and street lighting are to commence on 14th July 2008 and will take place over the next 18 weeks. The investment will facilitate the opportunity for further property developments on the estate.

Following the outline approval for a mixed office and commercial scheme on a 10 acre site in Boroughbridge, BHT have been appointed as sole agents for the development. Accommodation will include in excess of 130,000 sq ft of industrial/warehousing and 50,000 sq ft of offices. Occupier demand is already strong with a speculative incubator industrial scheme scheduled for completion mid 2009.

Stenham Property Ltd have appointed BHT as sole agents in connection with a disposal of the large modern warehouse in Keighley. Formerly the Headquarters of Ponden Mill Ltd, the premises extend to 205,000 sq ft and have been refurbished to a high standard in recent times. The premises are available freehold.

Acting on behalf of Invista Real Estate Investment Management, BHT acquired Units 1 and 2 Stadium Way, South Elmsall for £6,900,000. The properties comprise two prime distribution warehouses let to Del Monte and Finlay Beverages.

Acting on behalf of Threadneedle Property Investors, BHT have acquired the CML Portfolio for £30,752,000. The Portfolio comprises 15 retail, retail warehousing, office and warehouse properties throughout the UK.

A prime industrial unit at Airedale Park, the pioneering £12 million industrial development in Keighley's commercial heartland, has been sold for in the region of £2.75 million. The 93,000 sq ft refurbished factory building has been bought by expanding food packaging company, PFF Ltd. Ilkley-based Opus Land, the developers of Airedale Park, have only one unit of 11,000 sf now remaining, having successfully sold or let over 280,000 sq ft of refurbished industrial/ warehouse accommodation. Opus Land bought the 17 acres site from Magnet on the furniture maker's site in Royd Ings Avenue and has transformed it to provide six refurbished industrial warehouse units. Recent deals at Airedale Park include the sale of Unit 4 to Unity Tyres, Unit 5 to Real Engineering and Unit 1C to furniture firm FFC. It is estimated that 200 jobs have been created on the park. Andrew Duncan, director of Opus Land, commented: "This has proved to be an exciting and successful development for Keighley and has provided a tremendous boost to the town's economy. It is great to see a proud and historic West Yorkshire town like Keighley undergoing an economic renaissance and we are delighted to be part of this". Andy Bairstow, the managing director of PFF, whose clients include Morrisons, ASDA and Marks and Spencer, is delighted with his company's new home, commenting: "The unit on Airedale Business Park has allowed us the opportunity to purchase our own building and provide us with ample space for our ambitious plans". Mike Atkinson, of Leeds based commercial property agents Brackenridge Hanson Tate, said: "PFF are exactly the type of occupier we envisaged for Airedale Park and the deal provides further evidence that the freehold industrial market in the Aire Valley is buoyant should the right product be presented". Lee Billborough of agents Hayfield Robinson who acted for PFF added: "We have been looking for suitable premises for some time and Airedale Park offered the size and quality of accommodation my clients were seeking". Opus Land was launched in 1999 by Andrew Duncan and Richard Smith and has already established an impressive track record as an investment and development property company. With backing from Palmer Capital Partners, Opus Land concentrates on development opportunities throughout the United Kingdom from its offices in Ilkley in West Yorkshire, London and the West Midlands. Development and investment projects undertaken include Phoenix House in Bradford, Embassy House in Bristol, The Hub in Birmingham and developments in Sunderland, York, Scunthorpe, Newcastle and Stockton-on-Tees. The company's current portfolio is worth in excess of £550 million. The agents for Airedale Park are Brackenridge Hanson Tate and Hayfield Robinson For further information, please contact Andrew Duncan of Opus Land on 01943 850013 or Robert Beaumont of Robert Beaumont Associates on 01423 323139.