Sold on behalf of a public company, Pure Gym in Finchley, N3 to Galliard Homes. Long leasehold interest of a purpose-built gym of approximately 31,131 sq. ft. Let to Pure Gym, paying £311,000 pa, with lease expiry on 22nd August 2038.
Lewis & Partners, acted on behalf of AEW Europe, in the acquisition of Harbour Island, Docklands, London E14, from Threadneedle Pension Fund. The mixed use property was multi let to numerous office and retail tenants and the pricing reflected £19M and 9% NIY.
Lewis & Partners have advised a private investor on the disposal of the B&M, in Southport. The property has four years remaining to B&M and benefits from significant redevelopment potential. The price acheived was £4M and a net initial yield of 8%.
Named John Lewis branch of the year in 2023, this prominent and attractive building, situated on the affluent high street, was purchased by a private family office from BlackRock UK Property Fund. Lewis & Partners acted on the acquisition.
Acquired on behalf of Tri-7, let to Mecca Bingo Ltd. Producing £280,000 pa with a lease expiry 28th September 2026. Purchased from a public company, on an unconditional basis, with potential for a mixed use student/BTR development on lease expiry.
Lewis & Partners advised and structured the purchase of David Lloyd’s bespoke health club for £21M, on behalf of KFIM, from David Lloyd clubs, on a new sale and leaseback, for 30 years with RPI related reviews.
Lewis & Partners were delighted to introduce Blue Coast Capital to Jansons Property to enable them to jointly purchase this vacant office site, sitting on 8.1 acres and previously the UK headquarters of Dell. The site is excellently located with great access to M3 & M4.
Blue Coast and Jansons are committed to developing the site out in partnership, for industrial use.
Lewis & Partners advised a private investor on the sale of Leyton Industrial Open Storage site, in London E10. The property was acquired by a private equity backed vehicle. The 8 acre site was sold with effective vacant possession with pricing reflecting circa £48M.
