Latest property articles


December 14, 2018

First time buyers snap up The Post House with 75% of apartments already sold


Category: Property News
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Back row (from left) Thomas Jones (EG Carter), Lesley Nunn (Hamptons International), Thomas Waldron (County to County Property Group), Mark Dix (EG Carter), Front row (from left) Cllr Paul James (Leader of Gloucester City Council and Cabinet Member for Regeneration and Economy), Lise Noakes (ward member for Barnwood and Cabinet Member for Culture and Leisure), Ian Beevor (EG Carter)


Cllr Paul James, Leader of Gloucester City Council and cabinet member for Regeneration and Economy, was the guest of honour at the topping out ceremony at The Post House, the redevelopment of the former Gloucester Royal Mail offices.

And development partners County to County Property Group and Elevate Property Group have announced that already 75% of the 48 apartments have been reserved off-plan.

Tom Waldron, managing director of County to County Property Group, said the majority of reservations had been made by young, local, first time buyers.

“We are taking Help to Buy reservations and anticipate our allocation being confirmed in the New Year.

“What is exciting is that The Post House is set to create a really vibrant community of young people, all enjoying moving into their first property,” he said.

He added that buyers were commenting favourably on the quality of the finish and specification that was offered at The Post House, particularly since the show apartment was unveiled on Saturday 10 November.

“We saw an immediate surge in reservations as soon as prospective purchasers could see what they would be getting for their money – in other words, that we are delivering what we promised,” he said.

Early in the New Year, it is anticipated the scaffolding will be coming down, revealing for the first time the new look windows and roof complementing the preserved exterior façade of the landmark building.

The design principles behind the project have combined art deco architecture with contemporary interiors, providing well-proportioned apartments with a deluxe specification.

The L-shaped development was originally part of the Royal Mail’s sorting centre operations. One of Gloucester’s landmark commercial buildings, it is now delivering 32 one bedroom and 16 two bedroom apartments, with prices ranging from £108,000-£125,000 for the one bedroom apartments, and £155,000-£185,000 for the two bedroom apartments.

The parking provision is unusually high, with one space allotted per one bedroom apartment and two spaces for the two bedroom apartments.

The contract for The Post House was awarded to Gloucester construction company E G Carter and completion is anticipated in May/June 2019.

Built in the 1950s, The Post House is arranged in an L-shape with two wings either side of a central art deco style stairwell and atrium which will be retained and provide a stylish entrance and introduction to the development.

The Post House development is ideally situated, with Gloucester city centre, the Cathedral and railway station approximately two miles to the west, and Kingsholm Stadium, home of Gloucester Rugby, is just 1.5 miles away.

The Post House fronts on to the roundabout junction with the A38 Eastern Avenue and Barnwood Road, as well as Corinium Avenue which connects to the A417 and junctions 11 and 11a of the M5. Surrounding amenities include local shops, supermarkets, fast food outlets, retail parks, pubs, hotels, restaurants, public parks and good schooling.

More details are available by calling agents Hamptons International on 01242 222909 or emailing jamesl@hamptons-int.com

Ends (489 words)
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



December 3, 2018

Principle appointed to look after exclusive retirement village


Category: Property News
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Principle Estate Management has won the contract to look after an exclusive retirement village set in the West Midlands countryside.

Albany Meadows Ltd has appointed Principle to manage Albany Meadows on Albany Lane in Balsall Common, a much sought-after rural location between Solihull and Coventry.

Albany Meadows is an over-55 retirement development made up of 23 two-bedroomed apartments, 12 two-bedroomed bungalows and four three-bedroomed houses.

The homes are set in attractive landscaping to create a spacious, tranquil village environment, with a residents’ lounge and central village green providing communal spaces.

Mike Leto, project director for Amber Infrastructure – the long-term investors in Albany Meadows – said: “We will continue to be active stakeholders in Albany Meadows and therefore it was vital to appoint a customer-focused managing agent with the professional capability to manage such a prestigious scheme.

“Getting Principle involved at the earliest possible stage allowed them to provide valuable input, highlighting long-term management issues and providing solutions at the outset.

“The scheme was built to the highest standards but we also needed to be mindful that ongoing service charge had to remain affordable and Principle’s experience and input was crucial in this area.

“We will continue to oversee the management of the completed development and feel that Principle will help support us in our objective to maintain high estate management standards at Albany Meadows for many years to come.”

Principle’s lead director on the contract is Joe Jobson, who joined the company earlier this year. He said: “Albany Meadows is going to be a fantastic scheme and one that Principle Estate Management is delighted to be involved in.

“We’re pleased that Amber has shown such faith in Principle, and we’re looking forward to working with owner-residents to make a great success of the development.”

The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.

Ends

For further information please contact:

Brett Williams, Principle Estate Management LLP, Cornwall House, Lionel Street, Birmingham B3 1AP

Tel: 07954 078711 / 0121 289 4315

Email: BWilliams@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk
https://twitter.com/PrincipleEM
https://www.linkedin.com/company/principle-estate-management/
https://www.facebook.com/PrincipleEstateManagement/

Editors’ notes:

Principle is a customer-focused managing agent providing a transparent property management service to the highest standards nationwide. Principle Estate Management is a new venture based in Birmingham and led by experienced chartered surveyors. The business was born out of a passion for “doing it right” through a director-led, friendly approach combined with robust systems that maximize efficiency. Principle Estate Management provides a service that we believe sets the aspirational standard for other agents. We manage modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build to rent (BTR) developments as well as portfolios of rented properties for residential or commercial landlords.



November 26, 2018

Bond Wolfe arranges £2.7 million sale of landmark Black Country office building


Category: Property News
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A landmark office building based within half a mile of West Bromwich Albion FC’s stadium has been sold for £2.7 million after a major marketing campaign by Bond Wolfe and Allsop.

The leading Midlands commercial property agents completed the sale of the six-storey Hawthorns House on Halfords Lane, Smethwick, to a private south-east based investor.

The freehold multi-let office block has around 60,500 sq ft of space and a current rental income of £323,214 a year, making the investment worth an initial gross yield of nearly 12 per cent per cent for the new owner.

James Mattin, managing partner at Bond Wolfe, said: “We are delighted to have concluded the sale of this well-established and prominent asset in conjunction with Allsop”

“The sale price shows how the demand for income-producing investment stock in secondary locations remains very strong.

“We are continuing to witness supply being far outstripped by the huge demand for West Midlands stock from outside investors.”

Hawthorns House is based on the west side of Halfords Lane at the established Hawthorns Business Park, and nearby occupiers include Sandwell Academy, JCB and Scheff Foods.

The building is next to the junction with Halfords Park, less than half a mile from the A41 Birmingham Road and close to Junction 1 of the M5 motorway, while The Hawthorns Railway Station is just a short walk away.

Bond Wolfe sold Hawthorns House jointly with Allsop Auctions in London on behalf of private clients.

Ends (241 words)

For further information, please contact:

James Mattin, Managing Partner,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172,
www.bondwolfe.net

Prepared and issued by ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.



November 14, 2018

Buy West Midlands homes at auction before prices rise faster than London


Category: Property News
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Home buyers should choose auctions as the quickest way to buy properties in the West Midlands before prices start rising faster than London, according to a property expert at SDL Auctions Bigwood.

Jason Lee, head of auctions at SDL Auctions Bigwood – the newly crowned Birmingham Company of the Year* - made the comments after a new report predicted that house prices will rise strongly in the Midlands, Northern England, Wales and Scotland over the next five years.

The report from Savills estimates that prices will increase at one of the fastest rates in the Midlands over the next five years at 19 per cent – far outstripping London’s single-digit rate and reversing the trend of previous decades.

Mr Lee said: “This report captures the trends that have been developing in recent years and points out just how beneficial it will be to buy homes in the Midlands today.

“The fastest and most efficient way to do this is by auction and we have a regular supply of competitively priced homes that can be yours at the fall of the hammer.

“Whether you are a landlord keen to increase the size of your buy-to-let portfolio, a first-time house buyer or wanting to move because of a growing family, SDL Auctions Bigwood has plenty of choice for you.

“And by purchasing now, new owners could find themselves sitting on a very healthy profit over the next five years, according to Savills’ predictions.”

The predictions by Savills suggest that house prices across Britain will increase by an average of 14.8 per cent over the five years from 2019, adding around £32,000 to the average property value, taking it to £248,086.

But the detail of the report said that while the slowest rise will be in London (4.5 per cent), at the other end of the scale there will be significant price rises in the Midlands and Wales (19 per cent), the North West (21.6 per cent) and Yorkshire (20.5 per cent).

Lucian Cook, head of residential research at Savills, added that cities such as Birmingham “have the capacity to outperform their regions”.

Mr Lee of SDL Auctions Bigwood added: “In short, it’s time to fill your boots before house prices in the Midlands rise, and there’s no better place to do this than in our auctions.”

Earlier this month SDL Auctions Bigwood was crowned Company of the Year at the Birmingham Post Business Awards and only last month it achieved double success in the prestigious EA Masters where it won Gold awards for both Large Business and Best Overall Supplier.

SDL Auctions Bigwood’s next auction at Villa Park in Birmingham is on Wednesday 12 December. To request a free property appraisal please click here.

Ends (450 words)


* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.

For further information, please contact:

Chrissie Watterson, Head of Marketing & Communications, SDL Auctions
Tel: 0115 902 1020
Email: chrissie.watterson@sdlauctions.co.uk

Prepared by ASAP PR, tel: 01789 490786, mobile 07990 978257

About SDL Auctions
SDL Auctions, part of the SDL Group, is one of the UK’s largest and most successful property auctioneers offering lots via traditional auction events and online auctions. It sells a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties, vacant houses, building plots, commercial and mixed use buildings and others.
SDL Auctions holds 40 auction events each year at Villa Park in Birmingham, Pride Park Stadium in Derby, the AJ Bell Stadium in Manchester, Nottingham Racecourse, Chester Racecourse and the King Power Stadium in Leicester, as well as running online auctions 24/7 365 days a year.



November 7, 2018

Largest industrial unit in the Black Country up for grabs, helped by Bulleys


Category: Property News
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Largest industrial unit in the Black Country up for grabs, helped by Bulleys

The largest warehouse and offices building currently available in the Black Country – measuring nearly 284,000 sq ft – has gone on the market.

Bulleys, the leading regional property agency, is handling enquiries for the Wednesbury 280 industrial unit on behalf of London and Cambridge Properties (LCP).

The huge unit is the former home of Seconique, the UK’s largest independent importers and wholesalers of flat pack furniture, which recently relocated to new premises in Pendeford.

Wednesbury 280 is based at an established industrial location on Woden Road West in Wednesbury, just off the A41 Black Country New Road, around 3.5 miles south east of Wolverhampton and 2.4 miles from junction 9 of the M6.

LCP is planning to invest more than a million pounds in a major refurbishment of the property to meet a new occupier’s needs.

James Bird, senior associate at Bulleys, said: “We’re delighted to be marketing Wednesbury 280, the biggest industrial property currently available across the Black Country.

“Properties as large and flexible as this don’t come onto the market very often, and so we’re looking forward to competitive interest from the right businesses.

“The fact that LCP are willing to invest in a refurbishment makes this property even more valuable.”

Wednesbury 280, which currently has 29 loading doors, can be accessed from all four sides. It has an eaves height of up to 6m and a dock leveller with a weighbridge that could be converted into a further dock leveller if required.

The front of the premises is a multi-storey office block with secure parking outside, with additional spaces underground, and there is a large secure yard at the rear.

Nick Burgess, managing director at LCP, said: “We are excited about refurbishing this property and would be happy to work with any potential occupier to optimise the building design and fit-out to meet reasonable requirements.

“There is currently a shortage of industrial space, and so this building presents a great opportunity for the right business.”

Bulleys is marketing Wednesbury 280 jointly with property agency JLL.

Ends (337 words)

For further information, please contact:

Andy Skinner, ASAP PR – 01789 490786, mobile 07990 978257

Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.



November 1, 2018

Buyers flock to The Post House as developers unveil show apartment


Category: Property News
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Nearly half of the 48 apartments currently being developed at the former Gloucester Royal Mail offices have already been reserved.

Work on bringing the building, now rebranded The Post House, on Eastern Avenue back into creative use is well underway. The construction contract was awarded to R G Carter and completion is anticipated in Spring 2019.

Already 20 of the 48 apartments have been reserved off-plan.

Development partners County to County Property Group and Elevate Property Group are now ready to reveal what buyers can expect. The repurposing of the building has combined art deco architecture with contemporary interiors, providing well proportioned apartments with a deluxe specification.

The Post House show apartment will be unveiled at 10am on Saturday 10 November when viewings by appointment will be available.

The L-shaped development was originally part of the Royal Mail’s sorting centre operations. One of Gloucester’s landmark commercial buildings, it is currently being reimagined to create 32 one bedroom and 16 two bedroom apartments, with prices ranging from £108,000-£123,000 for the one bedroom apartments, and £155,000-£185,000 for the two bedroom apartments.

The parking provision is unusually high, with one space allotted per one bedroom apartment and two spaces for the two bedroom apartments.

Laraine James, sales assistant at selling agents Hampton International, said they had been impressed by the initial level of interest in the development.

“This is clearly the right development at the right time in the Gloucester market as we are seeing strong interest from young couples, first time buyers and civil servants working in the vicinity.

“This is a stylish development which combines the best of the old and the new, retaining features such as the reception area and stylish staircase, and bringing the best of contemporary living style to Gloucester in a competitively priced development.”

She said there was very little stock available in this price range and the reputation of partners County to County and Elevate Property Group for delivering a quality product was also helping to drive interest.

Built in the 1950s, The Post House is arranged in an L-shape with two wings either side of a central art deco style stairwell and atrium which will be retained and provide a stylish entrance and introduction to the development.

The Post House development is ideally situated, with Gloucester city centre, the Cathedral and railway station approximately two miles to the west, and Kingsholm Stadium, home of Gloucester Rugby, is just 1.5 miles away.

The Post House fronts on to the roundabout junction with the A38 Eastern Avenue and Barnwood Road, as well as Corinium Avenue which connects to the A417 and junctions 11 and 11a of the M5. Surrounding amenities include local shops, supermarkets, fast food outlets, retail parks, pubs, hotels, restaurants, public parks and good schooling.

Completion is anticipated in Spring 2019. More details are available by calling 01242 222909 or emailing jamesl@hamptons-int.com

Ends (477 words)
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



October 25, 2018

Tribute paid to John Truslove commercial property experts


Category: Property News
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Redditch business property specialists John Truslove have been hailed in the latest industry ratings for Worcestershire.

The business, which operates from Redditch, was named second most active agent in the whole of the county of Worcestershire but was the most active single office agency and the most active in its core area of Redditch and Bromsgrove.

John Truslove was founded in 1981 and since then has helped hundreds of businesses to buy, sell or rent commercial properties in Redditch, Bromsgrove, Studley, Alcester and the surrounding areas.

Ian Parker and Ben Truslove, son of the founder John Truslove who is now semi-retired, are now joint managing directors of the business.

Ian Parker said: “Rather than spreading ourselves over multiple offices across the county and region, we are able to focus on our clients in the area we know very well.

“John Truslove was often referred to as ‘Mr Redditch’ in professional property circles, and we are keeping that reputation close to our hearts.”

He said the accolade was even more welcome as it was the first time that he and Ben had supplied trade bible Estates Gazette with their deal figures.

John Truslove came second to Fisher German, which has offices throughout England, outperforming other notable firms such as GJS Dillon, Harris Lamb and Andrew Grant Commercial.

Ben Truslove said: “We like to think no one works harder to produce results for their clients than we do, and the Estates Gazette ratings clearly indicates this is being translated into deals.”

“As many readers of our weekly advert will testify to we always try to offer service with a smile; our work ethic, knowledge, enthusiasm and sense of fun seems to resonate with clients allowing us to build up significant long term relationships.”

“No one knows the north Worcestershire market as well as we do whether you are looking to buy sell or simply move into rented premises, we can advise on the most cost effective and efficient way and help you find the right property for your business.”

Ends (337 words)

For more information, contact:
John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ
01527 584242
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786, mobile 07990 978257



October 23, 2018

Smallman is latest director to join Principle Estate Management


Category: Property News
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Pic cap - directors Joe Jobson (left) and Brett Williams with Ian Smallman (centre)


Ian Smallman has been named as the third former colleague to join Principle Estate Management in Birmingham.

He joins Principle founder Brett Williams and fellow director Joe Jobson who joined in the summer, and has been appointed as a board level director at the managing agent which opened for business in Spring 2018.

He will focus on the operations side for Principle’s growing client list of residential and mixed use property investors.

All three directors were formerly in the residential estate management division of CPBigwood.

Mr Smallman has specialised in private sector residential service charge management, ground rent collection and portfolio management nationally for nearly 30 years.

Brett Williams said: “Ian is a senior figure in the property management industry and is well known and well respected in the sector.

“I recruited him previously to head our property management operations and I am delighted to be able to do so again. Ian has a wealth of experience and will be a major asset to the business.

“He strengthens our team and will be integral to our future progress.”

His appointment comes as Principle approaches 1,000 units under management in just six months since the firm opened for business.

Mr Williams said: “With the number of instructions already secured in less than six months, we are delighted with the positive feedback we are receiving and our growing pipeline of instructions from clients who want a managing agent they can trust and rely on.

“Our portfolio now stretches from Blackpool through Bristol to Portsmouth, across to Crawley to Basildon, and up to Peterborough and Manchester. We are also acting for a growing number of properties in London.”

Ian Smallman said: “This is a new challenge in a sector I know very well. It is important for me to be working within an organisation where the core values of integrity, transparency, professionalism, honesty and responsiveness are not just words on a strapline but embraced by all who work with the organisation.

“I have worked with Brett and Joe previously and I am looking forward to playing my part in driving the business forward.”

Ian Smallman is actively involved in the Institute of Residential Property Managers and sits on the Leasehold Working Group.

Ends (369 words)
For further information please contact:

Brett Williams, Principle Estate Management LLP, Cornwall House, Lionel Street, Birmingham B3 1AP

Tel: 07954 078711 / 0121 289 4315

Email: BWilliams@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk
https://twitter.com/PrincipleEM
https://www.linkedin.com/company/principle-estate-management/
https://www.facebook.com/PrincipleEstateManagement/

Editors’ notes:

Principle is a customer-focused managing agent providing a transparent property management service to the highest standards nationwide. Principle Estate Management is a new venture based in Birmingham and led by experienced chartered surveyors. The business was born out of a passion for “doing it right” through a director-led, friendly approach combined with robust systems that maximize efficiency. Principle Estate Management provides a service that we believe sets the aspirational standard for other agents. We manage modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build to rent (BTR) developments as well as portfolios of rented properties for residential or commercial landlords.



October 10, 2018

Former neighbourhood offices to be sold in SDL Auctions Bigwood’s October auction


Category: Property News
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Birmingham City Council is selling off two of its former neighbourhood offices in SDL Auctions Bigwood’s October auction at Aston Villa Football Ground on Wednesday 24 October.

The 153 lot catalogue is the largest SDL Auctions Bigwood has ever offered for an October auction.

First to go under the hammer at the auction will be a substantial site of 4,789 sq yards including a single storey former neighbourhood office at 134 Church Lane in Aston.

The single storey offices have a net internal area of 1,840 sq ft and the site includes parking.

The second council property is in Monmouth Road in Bartley Green and is also includes a single storey office unit extending to 4,480 sq ft on a site of approximately 2,995 sq yards.

Both are freehold sites with vacant possession on completion and both come with *guide prices in excess of £400,000.

Gurpreet Bassi, head of residential auctions (Midlands) at SDL Auctions Bigwood, said: “Both of these lots involve substantial sites which may be suitable for residential development, subject to planning permission.

“They represent an ideal investment opportunity for a local developer to work with the City Council to bring these sites back into gainful use, and subject to planning, bring much needed new housing to these areas.

“This is an excellent example of our private sector/public sector partnership which enables us to bring lots such as these to auction and thus capitalise on the council’s unwanted property stock, raising money for the local authority and freeing up land for investment and development by the private sector.”

The SDL Auctions Bigwood auction on Wednesday 24 October will feature a catalogue of 153 lots which can be viewed here.

Ends (281 words)

* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.

For further information, please contact:

Chrissie Watterson, Head of Marketing & Communications, SDL Auctions
Tel: 0115 902 1020
Email: chrissie.watterson@sdlauctions.co.uk

Prepared by Andy Skinner, 01789 490786, mobile 07990 978257.

About SDL Auctions
SDL Auctions, part of the SDL Group, is one of the UK’s largest property auction businesses offering lots via traditional in-room and online auctions. It sells a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties, vacant houses, building plots, commercial and mixed use buildings and others.

SDL Auctions will hold 40 in-room auctions throughout 2018 at Villa Park in Birmingham, Pride Park Stadium in Derby, the AJ Bell Stadium in Manchester, Nottingham Racecourse, Chester Racecourse and the King Power Stadium in Leicester. In 2017, SDL Auctions sold over 1,450 lots and raised more than £165m in sales for vendors.



September 27, 2018

Truck dealer set to expand into new Worcestershire site, thanks to Thursfields


Category: Property News
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Pic cap: Paul May, John Dillon, Rob Pettigrew and Tony Gibb

Thursfields Solicitors has helped one of the UK’s top truck dealers to buy a new site in Worcestershire ahead of its planned expansion.

The leading Midlands law firm acted for PM Commercials and a pension fund in the multi-million pound purchase of the 9.3-acre site at Berry Hill Industrial Estate in Droitwich.

Paul May, owner of the commercial vehicle dealer, plans to use around 2-acres of the new site for larger offices and truck parking spaces, with the remaining space rented out to other businesses.

In what was a complex simultaneous deal, Mr May’s pension fund bought 1.5-acres of the new site, while the remaining 7.8-acres was acquired by his property company.

Tony Gibb, director of the Commercial Property department at Thursfields, said: “We worked between the acquiring company and the sub-sale pension fund, reporting to our respective clients and the solicitors acting for the lending bank.

“This was a complicated deal, and an intensive one given the major interest in the site due to its prime location, but we successfully secured an exchange of contracts on a tight deadline to the satisfaction of everyone involved.”

Mr Gibb worked on the project for the pension fund, while Thursfields’ co-director Rob Pettigrew acted for PM Commercials.

PM Commercials is currently based at Rushock Trading Estate in Droitwich, a 1.6-acre site that it intends to retain and rent out once it has moved.

Mr May said: “We were really impressed with the careful and detailed legal work carried out by Thursfields to make this purchase go ahead so smoothly.

“Our expanding business needs the extra office and parking space and the new site at Berry Hill Industrial Estate offers a great location.

“Once we have moved, we will rent out the other space we have purchased along with our existing premises.”

John Dillon, of GJS Dillon commercial property consultants, advised on land registry plans and commercial use, while Ballards chartered accountants provided land tax advice.

Ends (323 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors
Email: djames@thursfields.co.uk Tel: 01905 677066

Or
Steve Dyson, ASAP PR – 01789 490786, mobile 0781 8004575

www.thursfields.co.uk, Twitter – @Thursfields, LinkedIn - www.linkedin.com/company/thursfields

Notes to Editors
Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 150 staff in eight offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.



September 17, 2018

REI poised to pounce and dividend up again


Category: Property News
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Pic cap: Topaz Business Park, near Bromsgrove, was acquired by REI in the first half of 2018 for £4 million

Birmingham-based Real Estate Investors plc has a £30 million war chest ready to take advantage of any downturn due to Brexit negotiations.

Chief executive Paul Bassi was commenting in the light of REI’s half year results to 30 June 2018 which have seen the AIM-listed business grow its gross property assets to £217.8 million, up 2.2% on 2017, and underlying profits before tax up 9.7% to £3.4 million.

REI has also declared a second quarter dividend of 0.875p, giving a fully covered dividend for the first half of its financial year of 1.75p, up 16.7% on last year, showing five years of growth.

In spite of Brexit storm clouds on the horizon, Mr Bassi is predicting record revenues and contracted rents over the next 12 months.

He said: “Our portfolio remains stable, secure and diverse across many sectors, without any material exposure to a single sector or occupier.”

But he cautioned that while REI was mindful of the potential effect of Brexit, it was also set to move swiftly to take advantage of opportunities that occur in 2019.

“In line with our strategy, the year to date has been a period of preparation for any market downturn that we may experience over the coming 12 months, given the ongoing political uncertainty,” he said.

“Accordingly, we have made strategic sales and secured £30 million of cash and agreed bank facilities to enable us to capture criteria compliant assets as opportunities arise.

“We are well placed to grow the portfolio further, achieve record contracted rental income over the next 12 months and grow our dividend payments, in line with our progressive dividend policy.”

He said his optimism was based on future potential rental revenue from empty space within the portfolio which he anticipates could add £1.6 million and further enhance capital values and reduce REI’s holding costs upon letting. Occupancy across the portfolio is currently 92% as REI refurbishes space to relet on higher rents.

“Additionally, as announced earlier in the year, we have approximately 250,000 sq ft of potential for ‘permitted development’ conversion to residential. The conversion or sale of these properties will provide positive capital growth and valuation gain.

“Since the half year end, we have already agreed terms for the sale of an office scheme for permitted development at a premium to the existing office valuation.

“Demand for regional property investment remains strong, and is attracting diverse international investors, local authorities and HNW individuals, together with the UK funds, institutions and property companies, many of whom traditionally focus on London,” he said.

During the first half of 2018, REI paid £7.6 million to acquire further West Midlands assets, including £4 million for Topaz Business Park at Bromsgrove multi-let park with tenants including QS Finance, MV Kelly, Handelsbanken, Fuelsoft, Toshiba and Instinctive Technologies.

The site has additional land that could accommodate further offices and a drive through, subject to planning.

The company also acquired city centre offices in Molineux, Wolverhampton, for £3.582 million which is let to the Secretary of State, Department for Communities and Local Government on a recently re-geared 10-year full repairing and insuring lease with a tenant break at the fifth year. The investment was acquired with a current rental of £324,370 per annum and a net initial yield of 8.50%.

Since 30 June, REI has acquired a prime retail neighbourhood scheme in Kings Heath, Birmingham, for £4.8 million. Occupiers include Wilko Retail, Scrivens Opticians, Burton, Lloyds Pharmacy, Specsavers, Greggs and Bon Marche, producing £445,860 rent per annum.

Mr Bassi said: “We continue to operate in an exceptionally vibrant regional economy that we believe is in a period of rebirth and has now established itself as a prosperous UK region.

“The benefit of the major relocations of HSBC and the Inland Revenue, combined with the arrival of HS2 and major future events such as the Birmingham 2022 Commonwealth Games and Coventry City of Culture 2021, will bring further positive economic benefit to our market place, through improved occupancy and rental growth.”

Ends (664 words)

For further information, please contact:

Paul Bassi CBE DL D.UNIV,
Chief Executive, Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP
0121 212 3446

www.reiplc.com

Prepared and issued by Andy Skinner of ASAP, 01789 490786, mobile, 07990 978257

About Real Estate Investors plc

Real Estate Investors Plc (REI plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.
The Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. The portfolio has no material reliance on a single asset or occupier.
On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.
The Company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com



September 12, 2018

Growth prompts Godwin to move to top new Birmingham office address


Category: Property News
Click for larger image
Pic cap: Stuart Pratt, group development director and co-founder, Godwin Developments, George Jennings of GVA, Matt Chandler, development manager, Godwin Developments

Godwin Developments has taken the top floor of one of Birmingham’s most prestigious office addresses as its new West Midlands headquarters.

The UK-focused regional property development and investment company is moving from its current Colmore Row address to the newly refurbished One Newhall Street, due to pressure on space.

In the past year, staff numbers have increased by 60 per cent as the firm’s growing number of regional projects has expanded.

Godwin Developments has taken the top floor office space on a ten year lease, in a deal which includes a 1,750 sq ft terrace with views across central Birmingham and beyond.

Stuart Pratt, group development director and co-founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.

“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”

Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been fully refurbished to Grade A standard by owners Ardstone Capital, the Dublin-based property investment company.

The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a greatly enhanced and refurbished reception area.

Joint letting agents are GVA and JLL.

George Jennings, director in the national office space team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.

“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.

“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”

Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). Ardstone Capital was advised by Phil Murphy at international law firm Pinsent Masons.

Godwin Developments is an established regional developer which currently has ongoing residential and commercial developments across the UK including retail and private sector schemes.

The company has offices in Birmingham, Nottingham and London.

Ends (441 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

Prepared and issued by Andy Skinner of ASAP PR – 01789 490786, mobile 07990 978257.

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.


Growth prompts Godwin to move to top new Birmingham office


Category: Property News
Pic cap: Stuart Pratt, group development director and co-founder, Godwin Developments, George Jennings of GVA, Matt Chandler, development manager, Godwin Developments
Ltd

Godwin Developments has taken the top floor of one of Birmingham’s most prestigious office addresses as its new West Midlands headquarters.

The UK-focused regional property development and investment company is moving from its current Colmore Row address to the newly refurbished One Newhall Street, due to pressure on space.

In the past year, staff numbers have increased by 60 per cent as the firm’s growing number of regional projects has expanded.

Godwin Developments has taken the top floor office space on a ten year lease, in a deal which includes a 1,750 sq ft terrace with views across central Birmingham and beyond.

Stuart Pratt, group development director and co-founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.

“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”

Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been fully refurbished to Grade A standard by owners Ardstone Capital, the Dublin-based property investment company.

The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a greatly enhanced and refurbished reception area.

Joint letting agents are GVA and JLL.

George Jennings, director in the national office space team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.

“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.

“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”

Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). Ardstone Capital was advised by Phil Murphy at international law firm Pinsent Masons.

Godwin Developments is an established regional developer which currently has ongoing residential and commercial developments across the UK including retail and private sector schemes.

The company has offices in Birmingham, Nottingham and London.

Ends (441 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

Prepared and issued by Andy Skinner of ASAP PR – 01789 490786, mobile 07990 978257.

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.



August 24, 2018

Godwin acquires Cambridgeshire site for luxury homes


Category: Property News
Click for larger image
Birmingham-based Godwin Developments has exchanged contracts on a prominent site in Kimbolton, Cambridgeshire, which is earmarked for luxury homes.

The 2.4 acre site is in a picturesque setting in the village which is nine miles west of Huntingdon and 14 miles north of Bedford.

Development manager Matt Chandler said: “Godwin plans to build luxury homes in keeping with the surrounding area.

“We are currently working on detailed proposals and hope to be ready to submit them for planning approval towards the end of the year.”

Matt Chandler added: “Our Kimbolton project further reinforces Godwin’s capability in developing a range of projects from residential to commercial and industrial units.

Kimbolton is perhaps best known historically for Kimbolton Castle where Catherine of Aragon was imprisoned and lived till her death in 1536 after her divorce from Henry VIII. The property is now the main building of Kimbolton School, an independent boarding and day school.

Godwin Developments is an established regional developer which currently has ongoing residential projects across the UK totalling 1,500 units.

It is also heavily involved in commercial development in areas such as Kings Heath in Birmingham, Huntingdon, Nottinghamshire, Northampton and Staffordshire in conjunction with partners including Lidl, McDonalds, Greggs, Costa Coffee, Subway and Burger King.

The company has offices in Birmingham, Nottingham and London.

Ends (215 words)

For further information, please contact:

Shivani Parmar, Marketing Manager,
Godwin Developments 122 Colmore Row, Birmingham, B3 3BD
0121 516 9508

Prepared and issued by Andy Skinner of ASAP PR – 01789 490786, mobile 07990 978257.

Editors’ Notes
Godwin Developments is an established UK-focused regional developer of freehold residential, retail, mixed use, commercial and industrial projects. It has offices in Birmingham, Nottingham and London. The company has a strategy of acquiring and building out an extensive and diversified portfolio, either on its own account or in partnership.



August 9, 2018

Elevate Property Group’s first South East venture


Category: Property News
Click for larger image
Pic cap: Steve Dodd, MD of Elevate Property Group and Adam Ball, director of J.A. Ball

Construction is well underway on Birmingham-based independent housebuilder Elevate Property Group’s first venture into the south east.
Elevate is building 216 apartments on a new development named Victoria Point on Victoria Road, Ashford. The site will also accommodate a 120-bedroom hotel.
Leicester construction company J A Ball Ltd has been appointed main contractor on the site and completion is scheduled for Spring 2020.
The £55 million project will include a selection of one, two and three bedroom apartments with prices currently ranging from £142,500 to £340,000.
The development boasts a concierge service and a superb residents’ lounge.
Most apartments have balconies or terraces with views over the landscaped gardens and the River Stour, and the penthouses benefit from roof gardens.
Steve Dodd, managing director of Elevate, said: “We were offered the opportunity to acquire this empty site directly opposite Ashford International railway station in a prime area of Kent. We recognised the tremendous potential with significant investment already made in the town and an ongoing commitment to other projects.
“Not only is Victoria Way just 36 minutes from London’s St Pancras International Station by rail, it also connects via HS1 to Lille in under an hour, Brussels in 1 hour 39 minutes and Paris and Brussels in under two hours via the high speed Eurostar services.”
Time to London stations ranges from 29 minutes to Stratford International to 60 minutes to Waterloo.
Steve Dodd said: “We are mindful that the ‘within one hour to London’ factor is a strong selling point, but such good access to Europe and the rest of the south east of England is also a tremendous plus.
“Ashford is an area that has long been marked for expansion and we are pleased to be able to contribute to the further economic growth of the town.”
Savills have been appointed as the selling agents. Currently available to reserve off plan following an initial release in May, 30% of which is now sold, the next tranche of units will be released in September.
Tom Bryant Savills director, residential development, said: “Ashford has a lot of growth potential helped by its excellent connectivity and this is being supported by strong endorsement and investment from local stakeholders.
“Victoria Point’s excellent specification and public realm will contribute to Ashford’s town centre identity and sense of place. This is gateway site for the town and we have seen strong demand from both the domestic and international market.”
Manny Aparicio of national construction consultancy Naismiths, said: “Naismiths are delighted to be acting as employers’ agents and quantity surveyors on this landmark scheme in Ashford. Elevate Property Group are known for delivering a quality product and we are looking forward to working alongside them to deliver their vision for this development.”
Elevate Property Group is a highly respected home builder, renowned for its quality of construction, service standards and timely delivery.
With its head office in Birmingham, it has many development interests in its home city and has recently acquired sites in Nottingham, Derby, Coventry, Gloucester, Hereford, Solihull and plans to deliver well over 1,000 new homes over the next 3 years.
Steve Dodd said: “Elevate Property group has expanded rapidly in the last few years and, along with joint venture partners Investin plc, has attracted significant financial backing for projects of this magnitude, we are open for business and are keen to receive more proposals like Victoria Point, and being independent we can make fast decisions”.
“We are committed to much-needed housing delivery in the south east and our intention is always to have our developments completed and occupied within two to three years of acquisition.
“We welcome expressions of interest from site owners, investors and local authorities,” he said.
Ends (617 words)
For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup
Editors’ Notes
Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and well being.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.
About Ashford
Ashford is around 60 miles south east of London and 15 miles north west of the coastal town of Folkestone. The nearby M20 gives fast access to the coast, the capital and the national motorway network.
With the arrival of Ashford International Train Station, the town has blossomed into a lively commercial centre. With investment and expansion planned for the station and surrounding areas Ashford is building on its bustling continental atmosphere and is expected to double in size over the next 25 years.
A plan for a new Commercial Quarter will become a catalyst for future economic growth. With a focus on the digital and technology industries this ambitious business hub will ensure Ashford's well placed for future generations.
The town centre will also be revolutionised by Elwick Place, a six screen boutique cinema with a hotel, restaurants and events spaces. Alongside this, there's a £90 million extension planned for the McArthurGlen Designer Outlet proving once again Ashford's fashioning itself a bright future.
Victoria Point is under a mile from Ashford International Train Station and 4.5 miles from the M20, giving you quick access to the M26, M25 and M23. London airports, including Stansted, Gatwick and Heathrow, are all within 90 minutes’ drive, offering connections to Europe and beyond.





July 27, 2018

Elevate has done its homework on School Road in Moseley


Category: Property News
Click for larger image
A site in School Road, Moseley, which has lain derelict for years and latterly been frequented by local drug users, is to be brought back to life in an imaginative scheme from Birmingham-based independent home builders Elevate Property Group.

The company has worked for months with city planners to agree plans for 14 apartments which have been recommended for approval at Birmingham City Council’s next planning meeting on Thursday 2 August.

The site previously had planning permission for 16 units in July 2005 but, following demolition of the original building, the then owners did not proceed to develop the site.

Since that time, the site has lain derelict and unsecured.

Elevate acquired the site and has been working to address both local concerns and planners’ criteria.

Elevate land manager Ben Osborne said: “When we acquired the site it had been abandoned and unsecured for some time and we first had to clear a large amount of used needles, syringes and other drugs-related items before we could eventually secure the site.

“We have since worked with planners to agree a quality scheme for a reduced number of larger apartments to 14 units with 14 parking spaces.

“Our proposed development is of significantly better quality than that which was originally approved in 2005 and we believe it will be welcomed by the Moseley community as a major step forward for a site has been a local eyesore for some time.”

If the site is approved at planning committee on 2 August, then development will start as early as this autumn with completion scheduled for Summer 2019.

Steve Dodd MD for Elevate Property Group added: “This is a great looking scheme and will provide much needed aspirational apartments for young professionals in Moseley, a very popular suburb of the city.”

Elevate Property Group is already known for its quality developments in Birmingham, including Concord House, Queensway House, St Paul’s House and Honduras Wharf, unique developments of townhouses, apartments and penthouses.

Its proposals for Moseley are part of an ongoing development programme in which Elevate has secured sites and has plans in preparation for another 250 new homes around the city including Tennant Street Lofts in West Side and Assay Lofts in the Jewellery Quarter which are already under construction plus Camden Street and Cliveland Street, subject to planning.

Elevate has also received planning permission to proceed at Princes Gate, a 65,000 sq ft office development and multi-storey car park near to the railway station in Solihull where they plan to develop another 160 homes.

Ends (421 words)

For further information, please contact:
Steve Dodd, Managing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729
http://www.elevatepropertygroup.co.uk
http://www.facebook.com/elevatepropertygroupuk
http://instagram.com/elevatepropertygroup

Editors’ Notes
Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and well being.
Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.



July 24, 2018

Flatpack furniture specialist moves 100 staff to historic aerospace site


Category: Property News
Click for larger image
Pic cap: Bartley Finnegan and Brian Hammond, both Allied Irish Bank, Philip Jones, chief financial officer, and Helen Barker, managing director, both Seconique, James Bird, Bulleys, Angela Richardson and James Owens, both Seconique.

One of the UK’s largest independent importers and wholesalers of flat pack furniture has expanded into an historic Wolverhampton building, in a deal arranged by chartered surveyors Bulleys.
Seconique paid an undisclosed sum to purchase the 450,000 sq ft building off Wobaston Road for its headquarters, warehouse and trade showroom, housing around 100 staff.
The building used to house the Boulton Paul Aircraft company – manufacturers of the World War II Defiant bomber – and to mark this heritage Seconique has renamed the building as Boulton House.
Bulleys is now marketing a surplus unit of 60,000 sq ft with a large yard at the site on behalf of Seconique.
James Bird, senior associate at Bulleys, said: “The Wobaston Road property is a major acquisition as there are only a limited number of buildings of this size and nature.
“It wasn’t easy to find a building of that size and took a while to achieve the sale, but we have worked closely with Seconique over the past few years and are delighted to have acquired this building for them.
“This site has a tremendous amount of history behind it and we were thrilled to work carefully with Seconique to retain an element of this for the future.”
Seconique, founded in 1986, has moved around 100 staff to Wobaston Road site from its previous premises in Wednesbury, and expects to recruit more in the next few months as its trading expands.
Helen Barker, managing director of Seconique, said: “After a long period of renting we felt it was time to purchase our own property, and the site at Wobaston road offered the size we required.
“As well as allowing us space to accommodate other business tenants there is also room for us to expand in the future.
“The new site is ideal as we have been able to redevelop the site to suit our specific needs and have created a better working environment for our staff.
“We’ve also been fascinated to be approached by older local people who used to work for Boulton Paul, and they’ve shown us photographs of how the factory used to be which we have had framed and put up around the building.
“We’re pleased to help maintain this heritage by redeveloping the building.”
The property is on a 17.5-acre site between Codsall and Pendeford in north west Wolverhampton, just two miles from Junction 2 of the M54.
Bulleys arranged the purchase from Cushman & Wakefield, with Ansons acting for Seconique, and the Allied Irish Bank providing finance.
Bartley Finnegan, senior relationship manager at Allied Irish Bank (GB) in Birmingham, said: “Seconique’s move to their own premises is an exciting stage in the company’s development, and we look forward to seeing how the business grows as they take those growth plans forward.”
Ends (462 words)

For further information, please contact:

Steve Dyson, ASAP PR – 01789 490786
Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.



July 17, 2018

Bond Wolfe Finance launched to support Midlands businesses and investors


Category: Property News
Click for larger image
Established West Midlands property consultants Bond Wolfe have branched out to launch Bond Wolfe Finance, initially targeting the £100,000 to £1 million funding gap.

The West Bromwich-based property consultancy is best known for its commercial and industrial agency but Charles London, director of Bond Wolfe Finance, said the new division would consolidate their full service offering to clients.

“While our agency business has been booming, many of our clients have struggled to secure a reliable lender to work alongside them on swift timescales, often putting great deals in jeopardy. Bond Wolfe has been providing clients and developers short term and mezzanine finance for some years and the decision to bring this offering to a wider market was inevitable” he said.

Bond Wolfe Finance offers bridging finance for property refurbishments, re-finance, investments and small developments.

“Unlike the majority of operators, we are the principal lender in all transactions enabling us to release funds in under seven days and offering our clients an unrivalled one to one service. Our funds are immediately available on a first charge basis, typically for up to 75 per cent of the property value,” said Charles London.

The company also sees a market in larger loans to assist small to medium sized developers who may need support to bring their products to market in a swifter timescale.

“Our criteria for larger loans is subject to individual negotiation, but our commitment to this sector is the same,” he added.

He said the new operating division was being launched predominantly in the Midlands as this was a region well known to Bond Wolfe and its directors.

“We have an established client base and footprint in the Midlands region, and we are confident in the area’s growing success,” he said.

Ends (290 words)

For further information, please contact:

Charles London
0121 525 0600
07795 076431

www.bondwolfefinance.com

Produced and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.



June 20, 2018

Checkout the chance to check in to a Lytham St Annes hotel


Category: Property News
Click for larger image
Ever fancied owning and running your own hotel? The chance to buy a 23 bedroomed hotel in Lytham St Annes comes at SDL Auctions North West’s July auction.

Elsinghurst Hotel at 34 Derbe Road in Lytham St Annes is located just off the seafront in the popular seaside resort on the Fylde coast of Lancashire, south of Blackpool on the Ribble estuary.

Andy Thompson, senior valuer at SDL Auctions North West, said it was unusual to have the opportunity to bid for a vacant freehold working hotel in an auction.

“The property is located just a short distance from the main town centre and within easy walking distance of local amenities, shops, restaurants, bars and the famous Lytham St Annes promenade.”

He added that the property is being sold with vacant possession and offers the potential, subject to planning permission, for conversion into apartments, a trend that has had noticeable success in the area.

Ten of the bedrooms have sea views and the ground floor contains the private owners’ accommodation.

Lytham St Annes has four golf courses, the most notable being the Royal Lytham & St Annes Golf Club which has hosted the Open Championship 11 times since 1962, with the most recent being in 2012.

Andy Thompson added: “It’s not just golf that makes this hotel an attractive potential investment. When the Open is in town it does bring a major influx of visitors, including the world’s media.

“But the rest of the time, Lytham St Annes remains a wealthy area with residents’ earnings among the highest in the North of England.”

The hotel offers a range of double, twin and single rooms, including two family rooms that sleep four people, and it has a communal dining room.

The property has a front paved area for parking and a yard to the rear. It has a *guide price of £280,000+.

The Elsinghurst Hotel will join other residential and commercial property lots in SDL Auctions North West auction at 6.30pm on Monday 23 July at the AJ Bell Stadium in Manchester.

Entries for the auction are still being invited and anyone with a property to sell can request a free valuation by calling 0161 774 7333 or by emailing northwest@sdlauctions.co.uk.

Ends (369 words)

* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.

For further information, please contact:

Chrissie Watterson, Head of Marketing & Communications, SDL Auctions
Tel: 0115 902 1020
Email: chrissie.watterson@sdlauctions.co.uk

Prepared by Steve Dyson at ASAP PR, tel: 01789 490786

About SDL Auctions
SDL Auctions, part of the SDL Group, is one of the UK’s largest property auction businesses offering lots via traditional in-room and online auctions. It sells a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties, vacant houses, building plots, commercial and mixed use buildings and others.

SDL Auctions will hold 40 in-room auctions throughout 2018 at Villa Park in Birmingham, Pride Park Stadium in Derby, the AJ Bell Stadium in Manchester, Nottingham Racecourse, Chester Racecourse and the King Power Stadium in Leicester. In 2017, SDL Auctions sold over 1,450 lots and raised more than £165m in sales for vendors.



June 14, 2018

Bulleys rewards loyalty and hard work with three promotions


Category: Property News
Click for larger image
Pic cap@: Newly promoted at Bulleys - James Bird, Max Shelley and Richard Brookes

Bulleys, the leading Black Country commercial property consultancy, has made three promotions in its agency and property management teams.

James Bird, who has been with Bulleys for 12 years, has been promoted to senior associate in the agency department. Max Shelley, who joined Bulleys six years ago, is promoted to associate.

Richard Brookes, who joined Bulleys’ property management team five years ago, is also promoted to associate.

Noel Muscutt, partner at Bulleys, said: “These promotions reflect not only the contribution of our three colleagues but also their commitment and loyalty to the firm.

“They are a key part of the service Bulleys provide to their clients and through these promotions the partners recognise their involvement in the continuing growth of the firm.”

Bulleys was established in 1965 as a commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. In 2015 the firm grew with the addition of Martin Bloomer Associates and Bradbury Commercial and has three offices in Wolverhampton, Oldbury and Telford.

Ends (165 words)

For further information, please contact:

Andy Skinner, ASAP PR – 01789 490786, mobile 07990 978257

Editors’ notes
Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.


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