Mowbray Gill acting on behalf of Development Securities PLC have negotiated the sale of a 19 acre site, with outline residential planning permission, on the outskirts of Chester, to Bloor Homes for a consideration of £11.4m.
Mowbray Gill, acting on behalf of Neptune Developments, has negotiated terms with The Light Digital Cinema, who have agreed to take a lease on a new 6 screen Cinema within Neptune’s Wallasey Waterfront Retail and Leisure Park, which will open in Spring 2011. Full details are available under the ‘property search’ section.
Acquisition on behalf of Steinhoff Group of the former Leveys providing approximately 5,141 sq.ft on the basis of a new 5 year lease, at a passing rental of £68,500 per annum. Incentive received of 12 months rent free and a tenant only break clause at the expiration of the 3rd year.
Acquisition on behalf of Steinhoff Group of the former Durham Pine unit providing approximately 1,935 sq.ft on the basis of a new 5 year lease at a passing rental of £30,000 per annum. Incentive received of 6 months rent free and a break clause at the expiration of the 2nd year.
