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27 Cornhill, Bury St Edmunds – Retail Investment Disposal

Freehold sale on behalf of a Private Client, the property comprises ground floor sales with ancillary space and first and second floor levels.

The Grade II listed building is situated on the prime retailing pitch of Cornhill in the centre of the historic market town.

The property is let to Oxfam for a further 4 years at a recently reviewed passing rent of £44,000 per annum.

The sale price was £645,000 reflecting a net initial yield of 6.5%

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Christchurch House, Wellingborough – Office Investment Acquisition

Purchased on behalf of a Private Client, the property comprises a three storey Freehold office building constructed in the early 1990’s. The accommodation comprises 15,380 sq ft and benefits from 55 car parking spaces.

The property is single let to the Secretary of State for a further 8.75 years at a passing rent of £185,000 per annum, equating to £12 per sq ft.

The purchase price was £2,484,000.

Please contact Bertie Arkwright or Ed Bunbury for further information.

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Receivership in St George’s Hill, Weybridge

Mark Wordsworth and John Arkwright were appointed as Fixed Charge Receivers over a substantial property on the well renowned St George’s Hill Estate in Surrey.

The property comprised a 16,179 sq ft residential property originally constructed in 2012, which had fallen into a state of disrepair having never been completed.

Having secured the property, the Receivers oversaw the disposal of the property appointing Knight Frank and Savills.

Please contact Mark Wordsworth for further information.

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Barry’s Bootcamp opens in Manchester

Barry’s Bootcamp, advised by John Arkwright & Co and Bruce Gillingham Pollard has opened in Allied London’s St John’s development in Manchester.

Barry’s Bootcamp established in California in 1998 and is a boutique fitness provider offering high-intensity interval cross training. Barry’s now has studio’s across the United States, London, Oslo, Stockholm, Milan, Toronto, Dubai and Sydney.

Barry’s first UK studio opened in Euston, London in January 2013 and now has three further studios in London in Finsbury Square, Queensway and Victoria.

Please contact Bertie Arkwright for further information.

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