Strong Private Investor Interest in Poundstretcher Investment

We were particularly pleased with being able to deliver a great result for our client, a local property company. We achieved a price very close to our asking price for a retail unit let to Poundstretcher Ltd for just under 10 years in Middlesbrough suburb North Ormesby. The investment offers solid long term income and [...]

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2 Investment Deals in same Parade – More Required!

LexiconCole delivers another investment disposal at Benton Road in Lonbenton, with the private investor market continuing to show strength for good quality stock. This very well occupied prominent retail parade with excellent letting history is an ideal safe haven for equity whilst providing a 7.25% net yield. The deal offers mid-term income to Subway and [...]

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LexiconCole Concludes Staffordshire warehouse acquisition

Following a search of the market on behalf of a key client LexiconCole has acquired a warehouse investment in Cannock, Staffordshire. The 26,000 sqft purpose built premises which are leased to Trade Team Ltd changed hands in a deal worth c £1.375m reflecting a net initial yield of 8.75%. The transaction represented excellent value given [...]

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LexiconCole acquires prime business park asset

On behalf of clients LexiconCole has acquired a prime business park office building at Cobalt Business Park from developers Highbridge in a deal worth £4.91m. The modern grade A office building of 30,000 sq ft is within Europe’s largest business park. David Nicholson commented ‘our clients required a grade A office building with asset management [...]

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High Street Retail Investment Disposal

LexiconCole has concluded the sale of 121-123 High Street, Gosforth in an off market transaction to a private individual. The property let originally to San Lorenzo now assigned to Allards expires 2028. Steve Cole comments ‘the property was transacted at a figure in the order of £680,000 reflecting a net initial yield of 6%. The [...]

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Hampton by Hilton – a major success for the City and LexiconCole

The 3rd March 2015 saw the opening of a brand new 160 bedroom Hampton by Hilton Hotel, the most significant Newcastle city centre development to be started and concluded since the turbulent financial climate post 2008. The redevelopment of Baron House opposite the remodelled Newcastle Central Station has proved highly successful. A mostly vacant office [...]

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Durham Industrial Investment Acquired

LexiconCole has acted on behalf of a purchaser of an industrial investment in Seaham Grange. The properties comprise two modern industrial units constructed in 1999 totalling 38,000sq.ft in an established well occupied industrial location. The buildings are let to logistics provider Woodland Group and childrens soft play operator Fun Shack. The investment promises to show [...]

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Business Park Investment Acquisition Concludes

LexiconCole has advised on the acquisition of Waverley, Market Dock in South Shields, a 10 unit development of ‘own front door’ offices. The rationale behind the acquisition was a very competitive capital value and a strong letting storey. There is also great potential for residential redevelopment in the future. The transaction concluded at a price [...]

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Single let Industrial Investment Acquired by Lexicon

LexiconCole has acted on behalf a client in the acquisition of a 19,500 sq ft detached industrial property leased to Scania UK. The deal which showed a net initial yield close to 11% was concluded in an off market transaction. David Nicholson commented ‘the opportunity displayed strong property fundamentals. This locality has a strong occupier [...]

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LexiconCole spreads its wings to conclude sale of a Travelodge investment in Southport

LexiconCole has acted on behalf of developer Ribble Property Investments to conclude the sale of a 101 bedroomed Travelodge in Southport. The newly built hotel and ground floor retail accommodation was leased to Travelodge for 25 years from March 2014 at an initial rental of £368,500 pa. David Nicholson commented ‘Travelodge has been dealing with [...]

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