34 • SPOTLIGHT • WINTER 2018
Deals METROPOLE HOTEL | PADSTOW
Client: RSM Restructuring Advisory LLP Purchaser: Harbour Hotels Group Ltd
The hotel comprises 58 letting rooms with residents’ lounge, bar, restaurant, brasserie and outdoor swimming pool, set within 1.5 acres of grounds. Sold for in excess of the guide price of £10,000,000.
FOWEY HOTEL | FOWEY
Client: RSM Restructuring Advisory LLP Purchaser: Harbour Hotels Group Ltd
The hotel comprises 37 letting rooms with bar, drawing room, private dining room and restaurant set within 1.3 acres of grounds. Sold for in excess of the guide price of £5,500,000.
PEUGEOT/KIA DEALERSHIP | NEWBURY
Client: Kames Capital Plc Vendor: Marshall Roebuck Property Ltd
Situated on a prominent one-acre site, within Newbury Motor Park, the property is divided into two sites, one of which comprises the Peugeot facility providing showroom, offices, ancillary, workshop and parts department, whilst the second site houses a modern Kia “Cube” showroom, along with associated used car display and car parking. Leased to Snows Business Holdings Ltd with an unexpired lease term of over 19 years and a passing rent £150,000.
Sold for £2,600,000. 2630 AZTEC WEST | BRISTOL
Client: Mayfair Capital Investment Management Ltd Purchaser: Boultbee Brooks Limited years
The property totals 61,806 sq ft and is occupied by GE Oil & Gas Limited with an unexpired lease term of 4.8 years. Sold for £16,650,000 showing a net initial yield of 6.92%.
121 WINTERSTOKE ROAD | BRISTOL
Client: Standard Life Assurance Limited Vendor: Imperial Tobacco UK Limited
Comprising 85,249 sq ft, this property comprises Imperial Tobacco’s Global HQ. Let on a new 20 year lease with indexed rent reviews. Acquired for £51,850,000 showing a net initial yield of 4.50%.
Colliers International
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