News

RO Properties has sold its 30-acre coarse fishing lake, Aquatels, at Festival Leisure Park, Basildon to Essex based JVP Leisure Limited for £310,000.

JVP Leisure will use the lake to offer a mixed water sports facility, to include Cable Wakeboarding, Open-water swimming and Coarse Fishing.

Richard Tattersall of JVP Leisure, said: “Our proposals for Aquatels Lake recognise its value as a fishing venue, and we are already in discussion with local angling interests that are keen to continue fishing under the new arrangements.

“By extending the range of activities, the lake will become available to a much wider audience in the local community.”

Mr Tattersall said the plans had come forward due to a rise in popularity in cable wakeboarding and open-water swimming.

He added: “Our plans will have a negligible impact on the aquatic environment.”

Buildings on the site will also include offices, a pontoon and a warmroom, and would be similar to the facility built at Thorpe Park theme park in Chertsey, Surrey.

Jorge Frutuoso, ROP’s Regional Manager, said: “we acquired the lake in 2001 as a Jet Ski centre and in 2006 let it to Tony Prayel who successfully managed it as a fishery until he sadly passed away last year.  We’re pleased that JVP intend to expand the use of the lake whilst retaining much of the good fishing that Tony set up.”

ROP was advised by Fenn Wright, JVP Leisure Limited was not advised.
 

ROP has let a 1,556 sqft unit to the Bijou restaurant at its mixed retail/office scheme, Carlyle’s Court, Fisher Street, Carlisle.

Bijou had previously occupied 591 sqft in the scheme and ROP tore up Bijou’s existing lease to enable Bijou to expand and move into a more prominent pitch.

Bijou have taken a 10 year lease at £15,000 pa.

Simon James said “We are delighted to facilitate Bijou’s expansion, it is a popular restaurant and a major attraction in the scheme”.

Margaret Bushnell of sole letting and managing agent Carigiet Cowen said “Carlyle’s Court continues to prove popular with its proximity to the cathedral, direct access to Hooper’s department store and mix of high quality retailers and we have just one unit remaining”.

For further details contact Margaret Bushnell at Carigiet Cowen Tel: 01228 544 733.

RO Developments has completed the letting of its new 21,854 sqft, cold store unit to Scotch Frost of Glasgow Ltd.

The letting of the final phase completed the 81,000 sqft Dukes Park development on Edinburgh Way, Harlow.

Scotch Frost which incorporates Asian Harvest Foods and founded in Glasgow is a leading distributor of frozen, fresh and ambient products from around the world. They have taken a 15 year lease on a stepped rent.

Richard Bourne ROD’s Development Director said “The letting to Scotch Frost completes our development at Dukes Park which was ROD’s third development in Harlow since 2004 and we are delighted to see Scotch Frost join Lok’n Store, Benchmark Kitchens and Travis Perkins among others”.

Adrian Louden of Scotch Frost said “ROD designed, built and delivered the unit to time and on budget and we are delighted with the end result”.

ROD was advised by Savills and Colliers CRE.
Scotch Frost was advised by Paul Wallace Commercial.

RO Properties has re-geared its lease with Aedas at NU House, Market Street, Huddersfield to release a further floor for refurbishment.

Aedas Architects Ltd will surrender part of the 3rd floor and take a new 10-year lease of their existing 4th floor (approximately 8,300 sqft) at a rent of £8.50 per square foot, plus some ancillary space on the 5th floor.

This re-gearing allows ROP to now refurbish the whole of the 3rd floor to provide 8,300 sqft of air-conditioned office accommodation in suites from 1,700 sqft.

Last year ROP refurbished the 2nd floor (now let to Best and Igneus) and, with Aedas’ help, the reception area and common parts.

Jorge Frutuoso, ROP Regional Manager, said “we are delighted to have secured Aedas’ continued occupation of the building.  We are looking forward to bringing much needed refurbished office space to the Huddersfield market in 2012”.

Aedas were the original architects for the building.

Andrew France of Aedas said “we have been in this building since 1962. It provides great space in an extremely convenient central location, and the ongoing refurbishment will ensure it continues to do so”.

Joint letting agents for NU House are;
Eddisons – contact Jonathan O’Connor on 01484 533 151 and
Knight Frank – contact Ed Harrowsmith on 0113 297 1954.

Neither party was advised.

RO Developments has let the last office suite at Phoenix House, 32 West Street, Brighton to Meridian Business Support Ltd.

Meridian, one of the largest recruitment companies in the UK has taken a 5 year lease on 929 sqft on the 3rd floor at a rent of £14,864 pa.

RO’s Development Director, Richard Bourne said “Phoenix House has proved extremely popular with occupiers following its refurbishment last year and has attracted 11 new tenants”.

Andrew Halfacree of sole letting agents Flude Commercial said “ RO Developments’ decision to refurbish Phoenix House to provide a choice of high spec, naturally ventilated or air conditioned, open plan office space in the heart of Brighton, was exactly right and their flexible and co-operative approach to letting ensured we found tenants quickly”.

ROD was advised by Flude Commercial. Meridian Business Support were not represented.

RO Properties has let units 20/21 at Woodside Industrial Park, Works Road, Letchworth, totalling 13,732 sqft to Electronic Waste Recycling Ltd for a term of 3 years at a rent of £50,000 pa (£3.64 psf).

Electronic Waste Recycling Ltd were not represented.  Brown & Lee advised RO Properties.

RO Properties has just completed a new letting at Dean Court, its refurbished office building on Dean Street, Newcastle Upon Tyne.

AA Projects Limited, a management and property consultancy, has taken 411 sq ft on a three year lease on the mezzanine level of the building at an all inclusive rent of £24.04 per sq ft.

Dean Court is on Dean Street in the heart of Newcastle’s professional quarter and offers fully refurbished, air conditioned office space adjacent to a multi storey car park.

The building has an impressive entrance and reception area, a DDA compliant lift, male and female WCs on every floor, audio visual door entry system, and energy efficient heat recovery VRV system capable of simultaneous heating and cooling.

Jorge Frutuoso of RO Properties commented: “Professional organisations seeking office space should seriously consider Dean Court. It is one of the best office buildings in Newcastle both in terms of its location and its specification and offers flexible open plan accommodation.” 

Louis Donaldson of agents Naylors said: “There is only one suite now available, the recently vacated top floor (1,761 sq ft) and with ROP’s realistic attitude towards lettings we hope to have a tenant soon.”

Dean Street is the principal commercial link between Grey Street and Newcastle’s vibrant Quayside. Public transport is readily accessible with both the Tyne and Wear metro system and East Coast main line rail services available within a 10-minute walk at Newcastle Central Station.

There is a 272-space multi storey car park, with 24-hour access to the rear of Dean Court which is accessed from Dean Street. The Quaylink electric bus service passes the building providing links to Gateshead, Newcastle Central Station and Haymarket.

RO Properties was advised by Naylors and GVA. For further information on Dean Court contact Naylors on 0191 211 1561 or GVA on 0191 269 0508.

RO Developments has completed new two deals at its RO24 Swindon industrial scheme, South Marston Park, Swindon, Wiltshire, leaving only two units available.

Workman LLP, a national firm of commercial property specialists, has taken a 3,055 sq ft unit on an 10 year lease at a rent of £18,350 per annum. While Retro Vehicle Services, which provide specialist automotive services, has taken three units totaling 6,225 sq ft on a 10 year lease at a rent of £29,569 per annum.

The two remaining units at RO24 Swindon are available on a leasehold or freehold basis and provide 3,117 sq ft or 1,210 sq ft of accommodation.

Simon James of RO commented: “RO24 Swindon is really filling up now and these latest lettings have created a real buzz and demonstrates that businesses and private investors are still looking for opportunities in the right places. Stock levels of industrial property are falling across Swindon, so now is a good time for occupiers to talk to us regarding the last two remaining units”.

Alastair Andrews of agents Loveday commented: “We’re pleased to have completed these two deals. RO Developments’ willingness to provide flexible terms to tenants and purchasers has helped make RO24 Swindon a success. We’re seeing a high number of enquiries from potential tenants and purchasers for the last two units and believe it won’t be long until the scheme is full.”  

RO Developments was advised by Loveday, while Workman LLP and Retro Vehicle Services were not represented. Interested parties should contact Alastair Andrews of Loveday on 01793 423344.

RO Properties has completed two new lettings at its popular office scheme St George’s House, 34-36 St George’s Road, Brighton.

Dementia Care Matters Limited has taken 2 suites totalling 664 sq ft on the ground floor and first floor on a five year lease at a rent of £15.00 per sq ft exclusive.  The company develops dementia care in organisations through consultancy, workshops, and training.

Also, White Rose Care Limited has taken 240 sq ft, on the first floor on a two year lease, at a rent of £6,000 per annum inclusive. White Rose Care is a home care provider. 

Jorge Frutuoso of RO Properties commented: “This brings the total to 4 lettings in the last 4 months and means the building is now fully let”.     

For further information on St George’s House please contact Jyoti Gongba of Flude Commercial on 01273 740386 or J.Gongba@flude.com

Flude Commercial acted on the behalf of RO Properties.
 

RO Properties has accepted a lease surrender from the Curzon Group on a 100,000 sq ft warehouse unit next to Market Harborough station. 

Blueberry Group, Curzon’s sub tenant have taken a new 10 year lease with no breaks at £275,000 pa (2.75psf).

Jorge Frutuoso of RO Properties said: “Curzon had just 3 years left on the lease and Blueberry required security.”

None of the parties were advised.

RO Regional Properties has just completed a major refurbishment of the second floor of NU House, formerly Norwich Union House, Market Street, Huddersfield, which is now available to let.

Jorge Frutuoso of RO Regional Properties said: “Refurbishment is part of our strategy to provide competitively priced quality office space in a market where new build is often out of the question. We are offering flexible terms and attractive incentives on suites from 1,720 - 8,300 sqft.”

The refurbished offices include new suspended ceilings, LG7 lighting with energy efficient controls, comfort cooling, new carpeting, new slimline perimeter trunking, thermostatically controlled radiators, solar-reflective window blinds and new disabled toilet facilities.

The manned reception area has also been refurbished with new automatic entrance doors, new flooring and décor and a welcoming, open layout.

NU House is superbly located in the heart of the city centre directly opposite the Law Courts and the Bus Station and close to the train station, the University and Kingsgate shopping.

Jonathan O’Connor of joint agents Eddisons said “This refurbishment now offers what I believe is some of the best space available in Huddersfield and the incentives on offer makes it very cost-effective.”

Parties interested in taking space at NU House should contact the agents;

Jonathan O’Connor at Eddisons in Huddersfield
Tel. 07917 187 093  -  jonathan.oconnor@eddisons.com
or
Ed Harrowsmith at Knight Frank in Leeds
Tel. 07825 842 472  -  edward.harrowsmith@knightfrank.com

RO Properties has sold Monarch House, on Crabtree Office Village, Eversley Way, Egham, Surrey. 

Navson Ltd, the international soft drinks company, has purchased the un-refurbished two-storey, 4,684 sq ft building with 17 parking spaces for £470,000. Navson Ltd is an international company that creates and delivers drinks.

Crabtree Office Village has been fully refurbished to include suspended ceilings, WCs and shower facilities and is newly decorated.

Simon James of RO Properties said: “The remaining buildings at Crabtree Office Village are subject to a rolling programme of refurbishment and over half are now let or sold.”

Suites from 2,437 sq ft and buildings from 4,753 sq ft are available 2Let/4Sale and interested parties should contact Simon James or.

RO Properties has let the re-decorated 2nd floor of St Georges House, 34-36 St Georges Road, Brighton to Sensatus (UK) Ltd.

Sensatus, a software development company has taken 1,354 sq ft on a six year lease at a rent of £10 per sq ft or £13,540 per annum.

Jorge Frutuoso of RO Properties said: “In this market you have to make the most of your assets. St Georges House offers good quality, well managed, light and airy accommodation in an attractive period building right in the heart of Kemp Town which continues to prove attractive to a wide variety of businesses.”

Just over 1,000 sq ft remains available in suites from 240 sq ft. Interested parties should contact Jyoti Gongba of Flude Commercial on 01273 740386 – j.gongba@flude.com.

Flude Commercial acted for RO Properties while Sensatus (UK) Ltd were unrepresented.

RO Properties has let the newly refurbished 2nd floor of NU House, Market Street, Huddersfield, HD1 just weeks after practical completion.

Business Employment Services Training Ltd (BEST) has taken 3,210 sq ft on a six year lease at a rent of £8 per sq ft.

BEST is a leading UK training provider for the Building Services Engineering (BSE) sector.
In addition Ingeus, one of the UK’s leading welfare-to-work providers, has taken the remaining 5,090 sq ft on a five year lease at a rent of £8.40 per sq ft.

NU House is subject to a rolling programme of refurbishment which includes new suspended ceilings, LG7 energy efficient lighting, comfort cooling, new carpets and solar reflective window blinds.

Jorge Frutuoso of RO Properties said: “Refurbishment is a key part of our strategy to provide competitively priced, high quality office space where new build is out of the question. If you are offering the best space and are prepared to be flexible, you are far more likely to attract a tenant.

“We have only just completed the refurbishment of NU House and the space is let which shows our strategy is working and that there is demand for high quality, well located office space at realistic rents in Huddersfield.”

NU House, the former Norwich Union building is located in the Town Centre opposite the Law Courts and close to train and bus stations, University and Police Station.

2,386 sq ft of space remains available at NU House and interested parties should contact Jonathan O’Connor at Eddisons in Huddersfield Tel. 07917 187 093 - jonathan.oconnor@eddisons.com or Ed Harrowsmith at Knight Frank in Leeds Tel. 07825 842 472 - edward.harrowsmith@knightfrank.com.

Eddisons and Knight Frank acted for RO Properties. While Ross Counsell of Drivers Jonas Deloitte advised Ingeus.

RO Developments has completed two new lettings at its popular refurbished office scheme Phoenix House, 32 West Street, Brighton.

Korus Recruitment Group Ltd has taken 1,003 sq ft on first floor of the building on a five year lease at a rent of £17.50 per sq ft or £17,552 per annum.  Korus Recruitment Group Ltd provides temporary and permanent recruitment services to a multitude of sectors.

While, CACI Limited has taken 883 sq ft, on the second floor of the building on a three year lease also at a rent of £17.50 sqft for the first year. CACI Limited provides marketing solutions and information systems to a variety of business sectors.

RO Developments recently spent over £1m on fully refurbishing Phoenix House. The building has a new reception area with lift, W.C’s, carpeted raised floors and suspended ceilings with energy efficient lighting.

Richard Bourne of RO Developments said: “An integral part of our strategy throughout the recession has been to refurbish our assets. New build is not viable in this market so you have to make sure you stand out from the competition. If you offer the best space on the market you are far more likely to attract a tenant. The array of deals done at Phoenix House demonstrates that there is demand for high quality, well located office space in Brighton.”

1,651 sq ft of office space remains available at Phoenix House in suites from 855 sqft. Interested parties should contact Andrew Halfacree of Flude Commercial on 01273 740385.

Flude Commercial acted for RO Frome Limited while Korus Recruitment Group Ltd and CACI were not represented.

RO Developments Ltd has just completed a new letting at its property, 32 West Street, Brighton, West Sussex.

Ladbrokes PLC, the licensed betting operator, has taken the 1,600 sq ft unit on a 10 year lease, with 5 yearly upward only rents, at an initial rent of £24,000 per annum.

Richard Bourne, Development Director of RO Developments Ltd said: “We look forward to welcoming Ladbrokes to the building. Ladbrokes will benefit from this popular street, linking the seafront with the mainline railway station and strong passing trade.”

West Street is in very central location, close to the sea, the theatre, Clifton Gardens and the Royal Pavilion, and offers many restaurants and shops.

RO Developments Ltd were advised by Flude Commercial. Ladbrokes plc were advised by Carr & Priddle.