February Deals Update

3 Sovereign Square, New WYG HQ
Published on: 4th February 2019

Our strong end to last year has been followed by an equally strong start to 2019 with a number of deals and new instructions across our nationwide network of offices.

At the start of the year we published our caravan and holiday park market review, including highlights from their year, a review of the holiday and caravan park market and information on parks sold, and parks currently for sale – view the full report here.

2018 was a wonderful year for the North East leisure industry with a calendar packed full of events, ranging from the Rugby League Magic Weekend to Ed Sheeran playing St James’ Park and The Great Exhibition of the North. Our North East property experts have teamed up with Sintons Law LLP to help create the annual leisure supplement published in the Journal. View the full supplement here.

We are delighted to announce the completion of a number of holiday park sales at the turn of the year, including the sale of Woodland Park, a a large residential caravan park sold for over £3,500,000 in Swansea and the Old School Caravan Park, a small touring park sold in Shropshire.

Our machinery and business assets team recently sold the W1 NGS” number plate by online auction, realising £49,000 in the process. The highest bid on the plate was made by a purchaser on behalf of his son who earned his pilot’s license at the age of 17.

Our Leeds agency team acted on behalf of WYG on the move of their corporate headquarters to the 3 Sovereign Square Development in Leeds city centre. Our Leeds office team also published the Leeds office market report for Q4 2018. The full report is available here.

You can read our previous monthly deal updates by clicking here.

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Video: Caravan Park Market Review 2018

Our holiday and caravan park team have recently created a video showcasing a few highlights from their year and a general review of the holiday and caravan park market as a whole during 2018. Watch it here:

Read More....

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Our holiday and caravan park team have recently created a video showcasing a few highlights from their year and a general review of the holiday and caravan park market as a whole during 2018. Watch it here:

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Exciting development / investment opportunity on the market in Newton Abbot

Sherborne House, a 36,000 sq ft office building in the centre of the popular Devon market town of Newton Abbot is being brought to market by Sanderson Weatherall jointly with JLL. The building comprises a former job centre, split across four floors. The second floor is let to Devon Partnership NHS trust, until November 2026, paying a rent of £98,000 per annum whilst the remainder of the property is offered with vacant possession.

Read More....

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Sherborne House, a 36,000 sq ft office building in the centre of the popular Devon market town of Newton Abbot is being brought to market by Sanderson Weatherall jointly with JLL.

The building comprises a former job centre, split across four floors. The second floor is let to Devon Partnership NHS trust, until November 2026, paying a rent of £98,000 per annum whilst the remainder of the property is offered with vacant possession.

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Sherborne House is ideally located on the northern edge of the town’s prime retail centre and close to the bus station, market hall, market square and main shopping centre, Market Walk.

Investment partner, David Ferris commented, “This is a unique opportunity to purchase a development / investment property of this quality in this region. The offices provide good quality accommodation that offers potential either for re-letting vacant space for office use or for conversion to hotel, residential or care use.”

Offers are being invited for the property in the region of £2.75million and any interested parties should contact David on 0117 338 1817 or Andrew Pearce, JLL at 01392 429 302.

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Substantial residential park sold for over £3,500,000 in Swansea

We are delighted to have completed the sale of Woodland Park, a large residential caravan park with significant development potential. The park is located in the village of Waunarlwydd which is located approximately 3 miles north west of Swansea and at the head of the Gower peninsula on the coast of South Wales.

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We are delighted to have completed the sale of Woodland Park, a large residential caravan park with significant development potential.

The park is located in the village of Waunarlwydd which is located approximately 3 miles north west of Swansea and at the head of the Gower peninsula on the coast of South Wales.

[fulltext] =>

With 11.5 acres of land in total, there is currently 8.2 acres of developed land with 114 park homes on site and a further 3.3 acres of land that offers development potential, subject to the relevant consents.

Andrew Bagnell, agent on the park and holiday and caravan park specialist in our Devon office commented, “Woodland Park generated substantial interest amongst park operators, it is an immaculately presented park which produces just under £200,000 per year. On top of the established side to the business there is also excellent development potential and we look forward to seeing what the purchasers, Wyldecrest, do with the site.”

We’ve recently published our annual market report which features a general economic background, market review, analysis of pitch values, industry news and a summary of parks sold and parks currently for sale – click here to view the full report.

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Leeds Office Market Report Q4 2018

View the full report by clicking here. In the City centre, Q4 take up totalled 134,579 sq ft over 32 transactions. Total take-up in Leeds city centre reached 663,233 sq ft in 2018, 10% above the 10 year average, whilst the out of town sector reached a total take-up of 399,582 sq ft, a 22% increase on the previous year.

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View the full report by clicking here.

In the City centre, Q4 take up totalled 134,579 sq ft over 32 transactions. Total take-up in Leeds city centre reached 663,233 sq ft in 2018, 10% above the 10 year average, whilst the out of town sector reached a total take-up of 399,582 sq ft, a 22% increase on the previous year.

[fulltext] =>

At the year end there is barely any new-build, Grade A accommodation currently available to lease with only a floor of c. 13,000 sq ft at 6 Queen Street and the part 4th floor at 3 Sovereign Square of c. 4,200 sq ft remaining. All the remaining space at Central Square, 3 Wellington Place and the other space at 3 Sovereign Square is in solicitors hands.

We expect the first quarter of 2019 to post relatively strong take-up but thereafter take-up figures are likely to be constrained by the lack of available supply, rather than a lack of demand. This will lead some larger occupiers to seek out pre-lets in order to satisfy their future requirements, with a handful of professional services companies active in the market at present.

For further information about the market update please contact Richard Dunn, head of our office agency team on 0113 221 6137.

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Cherished number plate sold for £49,000

Our machinery and business assets team recently sold the “W1 NGS” number plate by online auction, realising £49,000 in the process. The highest bid on the plate was made by a purchaser on behalf of his son who earned his pilot’s license at the age of 17. He jointly holds the world record for the most airfields visited in 24 hours by a fixed-wing aircraft (87 total number).

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Our machinery and business assets team recently sold the “W1 NGS” number plate by online auction, realising £49,000 in the process.

The highest bid on the plate was made by a purchaser on behalf of his son who earned his pilot’s license at the age of 17. He jointly holds the world record for the most airfields visited in 24 hours by a fixed-wing aircraft (87 total number).

[fulltext] =>

With approx. 3,500 engagements on the SW Facebook page, the sale generated significant interest. Over 39 registrations including prospective overseas purchasers, a good response considering there was only the one lot.

Personalised number plates are growing in popularity with over 330,000 sold during 2017, more than four times the number that were sold around the turn of the century. Number plates also continue to increase in value with the “W1 NGS” plate sold by DVLA in 2000 for £30,000, an increase in value of over 63% in just under 20 years.

Stephen Jepson, associate partner in our machinery and business assets team commented, “This was the last sale of 2018 for myself and the team and it was a fitting way to round off another incredibly successful year.”

“We’re used to dealing with the sale of a wide variety of interesting lots and have been involved in selling several number plates previously, so we appreciated the value in this particular item going into the auction. We’ve already had an encouraging start to 2019 and look forward to finding out what interesting lots appear for sale this year.”

We were instructed to sell the plate by the Liquidator, Claire Dwyer, partner at Jones Lowndes Dwyer LLP.

If you’re interested in finding out more information about our machinery and business assets, valuation and disposal services then please contact Stephen on 0161 259 7056.

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WYG moves headquarters to Leeds city centre

Professional services firm WYG has today announced that it will be moving its corporate headquarters to the 3 Sovereign Square development, in Leeds city centre from its current base in Headingley. Sanderson Weatherall’s head of agency, Richard Dunn, acted on behalf of WYG in securing the new premises, having been appointed as national property advisor to the firm at the end of last year.

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Professional services firm WYG has today announced that it will be moving its corporate headquarters to the 3 Sovereign Square development, in Leeds city centre from its current base in Headingley.

Sanderson Weatherall’s head of agency, Richard Dunn, acted on behalf of WYG in securing the new premises, having been appointed as national property advisor to the firm at the end of last year.

[fulltext] =>

The relocation, which will involve over 300 people, is planned for Summer 2019. The move is part of a wider strategy to grow WYG’s presence in Leeds and the wider Yorkshire region. WYG’s multidisciplinary consulting business advises across a wide-range of disciplines covering infrastructure and built environment, programme and project management, surveying and asset management, environment and planning and transport.

Commenting on the move, Douglas McCormick, chief executive officer at WYG said: “Sovereign Square puts WYG at the heart of the Leeds business community. It is the home of WYG’s headquarters and a vitally important market as we target growth across the range of professional services we deliver for clients in Yorkshire.

“We are moving into a modern, flexible office space that offers a more convenient and accessible working environment for our employees and clients. We have chosen a prime location close to the railway station. We know this will optimise benefits for our people and visitors, from making a positive impact on our environmental footprint to having a great place to work, meet, and do business.”

Richard Lewis, Leeds City Council executive member for regeneration, transport and planning Councillor said: “We are delighted to welcome WYG to 3 Sovereign Square. This move further endorses the success of the council’s approach to Sovereign Square, supporting businesses looking to develop and grow through investment in our city centre. This helps to stimulate the local and regional economy, so we very much welcome WYG renewing its commitment to Leeds in this way and offer them best wishes in their new premises.”

The offices will provide employees with modern flexible workspaces and top-class meeting facilities to welcome clients, colleagues and partners. The building is Grade A, BREEAM Excellent office space and supports WYG’s sustainability strategy as the team works to minimise the environmental impact of its operations.

WYG’s new offices will span 21,000 sq. ft. on the 4th and 5th floors of the building, which was developed by Bruntwood and Kier and is owned by Leeds City Council. The building is conveniently located close to Leeds Railway Station and is part of a development that will eventually include a new city park and a terminus for the HS2 eastern route.

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Small touring park with owners house sold in Shropshire

Our specialist holiday and caravan parks team have sold The Old School Caravan Park, 1.5 acre caravan park in Minsterley, Shrewsbury, off a guide price of £399,950. Located in the picturesque Shropshire countryside the area is renowned for scenic beauty and is popular with week-end visitors from Birmingham and the West Midlands.

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Our specialist holiday and caravan parks team have sold The Old School Caravan Park, 1.5 acre caravan park in Minsterley, Shrewsbury, off a guide price of £399,950.

Located in the picturesque Shropshire countryside the area is renowned for scenic beauty and is popular with week-end visitors from Birmingham and the West Midlands.

[fulltext] =>

Lee Southan, holiday and caravan park specialist in our Devon office commented, “The park is an ideal lifestyle business opportunity, with owners benefitting from a fantastic three bedroom house on site and purchasing an additional 5.5 acres opposite the park to further develop the business.”

“The park generated significant interested and we are delighted to have sold it to a young family that are looking to grow and develop the business further.”

The park operates with permanent planning permission and site license for 12 touring caravans and 10 tents.

We’ve recently published our annual market report which features a general economic background, market review, analysis of pitch values, industry news and a summary of parks sold and parks currently for sale – click here to view the full report.

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Holiday & Caravan Park 2019 Market Report

The UK economy has endured a further year of uncertainty largely centred around the ongoing Brexit negotiations. Click here to view the full report. A record breaking 2018 will be remembered as a year of two halves, certainly in terms of the weather – The ‘Beast from the East’ gave us a slow start keeping many holiday makers at home for much of the spring. It also proved a difficult period for caravan sales, reported by many operators to be weaker than anticipated. What a difference a couple of months can make – A record breaking summer, hotter than 1976, the year Edwards and Partners were established, helped to recover lost ground and has resulted in 2018 being another excellent year for the caravan park sector. 

Read More....

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The UK economy has endured a further year of uncertainty largely centred around the ongoing Brexit negotiations.

Click here to view the full report.

A record breaking 2018 will be remembered as a year of two halves, certainly in terms of the weather – The ‘Beast from the East’ gave us a slow start keeping many holiday makers at home for much of the spring. It also proved a difficult period for caravan sales, reported by many operators to be weaker than anticipated. What a difference a couple of months can make – A record breaking summer, hotter than 1976, the year Edwards and Partners were established, helped to recover lost ground and has resulted in 2018 being another excellent year for the caravan park sector. 

[fulltext] =>

The Market Report includes a general economic background, market review, analysis of pitch values, along with industry news, a summary of the parks sold during 2018 and a selection of the parks we currently have on the market.

Contact Us

 

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2018 - a year in review

2018 was a fantastic year for SW with a number of excellent deals completed and some really exciting new instructions. We look forward to working with you all in 2019. View a collection of our 2018 monthly deal updates below.

Read More....

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2018 was a fantastic year for SW with a number of excellent deals completed and some really exciting new instructions.

We look forward to working with you all in 2019. View a collection of our 2018 monthly deal updates below.

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