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Commercial Property News
Local Shopping REIT takes a valuation hit to move to H1 loss
Local Shopping REIT reported a swing to H1 pre-tax loss of £3.3 million having moved into the red in H2 last year, as it's estate has shed 2.8% of it's value on an LFL basis during the period. The LSR portfolio comprised 645 properties, with over ...
Thu, 24th May 2012
Youngs report 25% FY sales increase having sold the brewery to focus on pubs
Youngs & Co Brewery Plc, reported it's FY results for the year ended April 2nd, that sales were up 25% to £179 million resulting in an adjusted pre-tax profit up 17.4% to £21.3 million. The company however is now misnamed, having ...
Thu, 24th May 2012
Shaftesbury can't match 2011 as H1 valuation gains are less than half as much despite full occupancy
Shaftesbury Plc, the London West End landlord, in its H1 results today, said its pre-tax profits have tumbled from £101 million last year to £38 million due to a loss on derivatives and a property revaluation surplus of just £22.3 ...
Tue, 22nd May 2012
Conygar Investments making steady progress with developments in Wales
Conygar Investment Company Plc, has reported increased H1 pre-tax profits for the period ended March 31st, up from £3.4 million the previous year to £5.1 million. The firm has had a focus on developments and property in Wales, but in ...
Mon, 21st May 2012
British Land put a brave face on unremarkable FY results
British Land, our number 2 REIT, today announced unremarkable full year results, with rental income growth of 5.4% thanks mainly to acquisitions, as on a like-for-like basis, net rental income was only 1.5% higher than a year ago. Pre-tax profits ...
Mon, 21st May 2012
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Today's Featured Properties
140 High Street, Lowestoft
A prominent two storey building with ground floor retail premises occupied by M G Osborne Antiques, ground floor and first floor flats let to separate tenants and a vehicle repair garage, workshop and outbuilding occupied by Manor Garage.
Bournemouth
Overlooking pleasure gardens with bowling greens and tennis courts. Televisions with Freeview, room safes and tea making facilities to letting rooms. Gas fired central heating. Double glazing throughout. Retiled roof. Pine furnishings to the majority. Additional bed capacity beyond the current arrangement. Burglar alarm. Modern digital CCTV system. South facing garden.
Linekers Bar, Promenade, Blackpool
NIGHTCLUB/BAR PREMISES (NOT TRADING) LINEKERS BAR PROMENADE BLACKPOOL ASSIGNMENT OF A LONG LEASE. EXPIRES MARCH 2078 EFFECTIVE FULL REPAIRING & INSURING TERMS PEPPERCORN RENTAL PREMIUM IN THE REGION OF £200,000, PLUS VAT.
6 Golden Square, Berwick-Upon-Tweed
An excellent opportunity to purchase the only Italian restaurant in Berwick upon Tweed. Established 4 years ago, Pizza Verdi has built a good reputation in the town for quality of menu and is popular with both locals and the many holiday visitors to the town. Well located, this is a business that is ready to take over as premises have recently been refurbished to a good standard.
201 City Road, Clerkenwell
FOR RENT GROUND FLOOR OFFICE / SHOWROOM (Planning permission for D1 & A3 Uses) NEAR TO OLD STREET STATION