Casestudies Text

The following completed assignments provide a flavour of our recent activities for Landlord and Occupier clients.

  • Glasgow, Jct 1a, M74 (Polmadie)

    Acquisition of heritable development plot for a Starbucks drive thru, adjacent to Storage Vault and EuroGarages PFS.

  • Hornbuckle Mitchell Trustees Limited

    Asset management work associated with a SIPP comprising 7 assets, spread across Scotland and England, comprising retail, office, warehousing and ground lease interests.

  • Glasgow 24-26 Wilson Street G1 1SS

    Letting of ground floor commercial space to an aesthetic enhancement clinic on behalf of Landlord.

  • Stirling 2b Craig Leith Road FK7 7LQ

    Lease re-gear of trade counter unit let to Plumbase for Landlords.

  • Stevenston 4b Ashenyards Park KA20 3EG

    Successful planning application for Change of Use to Class 2.

  • Alloa 47 Shillinghill FK10 1JX

    Letting of large retail unit, previously New Look, to Peacocks.

  • Inverness 19 Queensgate IV1 1DF

    Letting of former Ladbrokes shop to Caring & Sharing and subsequent sale of investment.

  • Musselburgh Former Little Chef at Old Craighall Services EH21 8RE

    Lease surrender in part to Landlords on behalf of Travelodge.

  • Larbert Kinnaird Village Centre, McIntyre Avenue FK5 4XT

    Lettings of Units 5 and 7 to Rost Coffee Roastery and Café and Glenbervie Dental Clinic.

  • Glasgow 394 Dumbarton Road, Partick G11 6SB

    Sale of corner shop premises with vacant possession, crystallising profit after it’s acquisition as an income producing investment 5 years prior.

  • 236 Ingram Street

    Acquisition of new permanent store for Bo Concept on a new 10 year lease, adjacent to Gant and Armani. Pop up stores acquired in Buchanan Galleries and Princes Square ensured continuity of trade following the lease end at Sauchiehall Street.

  • 236 Ingram Street

    Acquisition of new permanent store for Bo Concept on a new 10 year lease, adjacent to Gant and Armani. Pop up stores acquired in Buchanan Galleries and Princes Square ensured continuity of trade following the lease end at Sauchiehall Street.

  • 27 St John Street

    Disposal of heritable interest in vacant former hairdressing salon. Sub-agents: J&E Shepherd, Perth.

  • 152-158 Battlefield Road

    Acquisition of first floor premises, formerly occupied as offices, for use as a Hot Yoga Studio.

  • 49 Shillinghill

    Letting of 6,672 sq ft shop premises to Poundland on a new 5 year lease.

  • Site at Jct 1a, M74, Polmadie

    Purchase of 0.5 acre site on behalf of OCO West End for development as a Starbucks Drive Thru. Storage Vault and EuroGarages to occupy adjoining plots.

  • 5&7 St Vincent Place

    Sale of two shop units, one let to Mosko hair, the other vacant, on behalf of Greyharbour Limited (in administration) per RSM to clients of Lambert Innes.

  • 152-154 High Street

    Acting on behalf of private Landlord clients, a new letting to E Cigarette Outlet (UK) Limited. Joint agent: J&E Shepherd, Dumfries.

  • Paton's Mill Retail Park, Johnstone

    Acquisition of drive thru premises for Starbucks on the front of a retail park, developed by 4th Developments, anchored by Aldi and Home bargains.

  • 260 Argyle Street, Glasgow

    Acquisition of former RBS branch on behalf of Co-op Food from clients of Gunn Property Consultants/CBRE.

  • Princes Square and Buchanan Galleries, Glasgow

    Acquisition of two pop up shops, to replace their former Sauchiehall St store, ensuring continuity of trade for Bo Concept, whilst a securing new long term City Centre shop.

  • Whistleberry Road, Blantyre

    Lease extensions and regears with tenants ( Aggregate Industries and Cryoservice) of industrial facilities ( an asphalt plant and industrial gases site), prior to investment sale to clients of Ewan Mackay Property Consultants.

  • Inveralmond, Perth

    Acquisition of 1 acre plot on a ground leasehold basis for Go Americano Limited for development of Starbucks drive thru.

  • Ashenyards Park, Stevenston

    Letting to Greggs on behalf of Landlords, Pizza Cake (Properties) Limited.

  • Unit 17, The Avenue Shopping Centre, Newton Mearns

    Acquisition of new lease on behalf of Ramsdens Financial Limited.

  • West Street, Glasgow

    Acquisition of industrial unit for back of house storage for Bo Concept.

  • 726 Anniesland Road, Glasgow

    Sale of investment property, let to Pizza Hut, on behalf of private landlords to LCP.

  • 236 High Street, Ayr

    Lease renewal to Marie Curie on behalf of Greyharbour Limited (in administration), managed by RSM NI.

  • 497 Duke Street, Glasgow

    Letting of vacant tenement shop unit for private owners to ASA t/a Minuteman Press.

  • Annan Road, Dumfries

    Leasehold disposal on behalf of Travelodge of the former Little Chef, adjoining the hotel, to Starbucks (EuroGarages as franchisee). Joint Agent: Sandy Cameron & Co.

  • Palace Grounds, Hamilton

    Acquisition of lease over a stand alone former shop unit, reconfigured to provide a drive thru for Starbucks.

  • 5-7 St Vincent Place, Lanark

    Re-gearing of lease of No. 7, let to Mosko Hair and subsequent sale of part vacant ( shop at No. 5), part income producing investment property to clients of Lambert Innes. Work undertaken for Greyharbour Limited, in administration, managed by RSM NI.

  • 134-146 High Street, Kirkcaldy

    Sale of former British Home Stores building, held part leasehold, part heritable title on behalf of Danish overseas owners. Joint agents: Molyneux Rose.

  • Craigshill Mall, Livingston

    Joint letting mandate with CWPC Livingston, resulting in lettings to Adept Tattooists and two local traders, boosting income and enabling a successful investment sale.

  • St Enoch Centre Mall Cafe, Glasgow

    Acquisition for Starbucks franchisee.

  • Pennyburn, near Kilwinning

    0.53 acre site sold for Marston's to Pizza Cake (Properties) Limited for 3 unit development to be let to Domino's and 2 others.

  • 474 Great Western Road, Glasgow

    Acquisition of lock up shop unit on behalf of Co-Op food for store extension.

  • Bridge Street, Cambuslang

    Ongoing long term consultancy to Mitchell Grids. Initially, part of masterplanned area, including adjoining former Hoover factory land, to provide 100,000 sq ft Sainsbury’s foodstore. Now being redesigned for alternative uses.

  • 51 Shillinghill, Alloa

    Lease re-gear to Brighthouse, providing an additional 5 years term certain, to 2023.

  • Dreghorn Link, Edinburgh

    Letting of former Little Chef premises, for Travelodge, to Eurogarages t/a Starbucks. Joint agency with Sandy Cameron & Co.

  • 394 Dumbarton Road, Partick

    Acquisition of shop investment, let to Emporium Vapour Limited, for private clients.

  • 157 Braehead Shopping Centre, Glasgow

    June ’14 rent review for Rox. Settled at modest base rent uplift (+2.3% or £2,700 pa) to £118,500 pa. First uplift since 2004.

  • 72 Renfield Street, Glasgow

    Rent review for Landlords of The Money Shop premises within Regent House.

  • 49 Shillinghill, Alloa

    Letting of former Poundstretcher premises to Poundworld at a commencing rent of £45,000 pa (rising to £47,500 pa after 2 years) on a 10 year lease from June ’15, subject to a tenant’s break in year 6.

  • Bell Quadrant, Carfin

    Letting of shell premises on behalf of Local Retail Fund, following securing three pre-lets to Barnardo’s, Subway and local hot food trader.

  • 41-43 West Nile Street, Glasgow

    Letting for Landlords, Lightbody Ventures, to Cote restaurant at £85,000 pa.

  • GS 24, Union Square Shopping Centre, Aberdeen

    Rent review for Rox, effective August 14, to a revised rent of £143,800 pa.

  • Little Dovehill car park, Glasgow

    Consultancy advice to Mellicks solicitors enabling dispute with City Council to be resolved.

  • 10b South Bridge Street, Airdrie

    Rent review for tenants, Ramsdens Financial, at nil uplift.

  • Phoenix Retail Park, Linwood

    Acquisition by way of pre-let of drive thru Starbucks.

  • 238 High Street, Ayr

    Letting on behalf of Landlords to Healthy Smoker Limited on 3 year lease.

  • Glasgow Road, Milngavie

    Acquisition for Waitrose of leasehold store of 36,500 sq ft from Town Centre Securities. Opened for trade 11th June 2015.

  • 189 High Street, Perth

    Acquisition of new lease for Starbucks franchisee, OCO West End Limited - part of former Laura Ashley

  • 58 and 62 High Street, Elgin

    Sale for Mapeley of former Santander Bank branch and upper floors. (Joint agent : Shepherd, Inverness)

  • 53 Shillinghill, Alloa

    Farmfoods unit lease regear on behalf of Landlords, AGE Limited.

  • 3 Argyle Street, Greenock

    Letting of small shop unit to local solicitors.

  • 80 Main Street, Rutherglen

    Subletting for Ramsdens Financial Limited to local trader.

  • 54-60 Glasgow Road, Paisley

    Sale of vacant, two shop unit investment property, let to HSS, to local convenience store operator for part owner occupation, part letting.

  • Unit 2, 98 Grampian Road, Aviemore

    Relocation for Mountain Spirit, acquiring Rohan's lease at £24,000 pa with 6 months rent free.

  • Cardross Road, Helensburgh

    Acquisition of new 36,500 sq ft store, with petrol filling station and 190 car spaces. Opened October 24th, 2013.

  • E16a, Silverburn, Glasgow

    Rent review for Rox, effective October 2012, to £68,000 pa.

  • 238 High Street, Ayr

    Letting to Yvonne Taylor t/a Indulgence Home and Gifts at £14,000 pa for Greyharbour Limited.

  • 22 Thistle Street, Edinburgh

    Letting to Ace Tailoring and Alterations at a rent rising to £17,000 pa at end year 2, on 10 year FRI lease for West Coldstream Properties.

  • 5 St Vincent Place, Lanark

    Letting to Knightly Gaming at £10,000 pa for Greyharbour Limited.

  • Burghmuir Retail Park, Stirling Fk7 7NZ

    Pre-let acquired of new 37,310 sq ft anchor store for Waitrose. Opened January 24th 2013. Part of a 3 unit retail park, developed by Stirling Development Agency (a joint venture between Valad and Stirling Council.)

  • Assembly Rooms, George Street, Edinburgh

    Acquisition for Rox of a new 15 year lease from the City of Edinburgh Council at a commencing rental of £180,000 PA.

  • 144/148 High Street, Dumfries

    Purchase for Starbucks from an Oxford College, managed by Olim, for whom Reith Lambert acted. Various sites for drive-thru stores in the pipeline, to support expansion plans throughout Scotland being put in place by my franchisee client.

  • 16 Canal Street, Renfrew

    Rent review on behalf of the landlord, Castlearchdale Caravan Park Limited, effective October 2010, to a revised rent of £12,000 PA, a 14% uplift.

  • 12 Dumbrock Road, Strathblane

    Advice to Dr's McLean and Pugh enabling the sale of the Doctors Surgery.

  • 18A High Street, Paisley

    Sale on behalf of Newcastle Building Society at £47,500, by way of auction.

  • Bridge Street, Cambuslang

    Option agreed on behalf of adjoining landowner with Forrest Group, working with Sainsbury's and Dawn Group, to produce a comprehensive redevelopment of the former Hoover factory site and industrial land between Somervell St and Bridge Street. Proposed 98,000 sq ft foodstore with 500 car spaces.

  • 33 High Street, Inverness

    Acquisition for Ramsdens from New Land Assets of re-modelled ground floor unit on a new 10 year lease at £35,000 pa.

  • 100 George St, Glasgow

    Acquisition of a Pizza Hut delivery unit on pre-let from the Landlords of a split within the former Bourbon Street Pub. New Lease at £18,500 PA on 15 year lease, subject to tenants break at year 10, with an option to extend by 5 years at lease end.

  • 1185 Duke Street, Glasgow

    Letting to the Money Shop, of a split of the former Working Links office, on a new 10 year lease at £22,500 PA.

  • 490 Great Western Road, Glasgow G12 8EW

    Letting of shop unit to Make Believe Events on new 10 year FRI lease at a commencing rent of £13,250 pa, rising to £13,990 pa, with a rent review after 5 years. (Joint Agent: Merchant Commercial)

  • 497 Great Western Road, Glasgow G12 8HL

    Rent review, effective October 2010, for Landlords of shop unit let to Aulds.

  • 49-55D Rose Street, Aberdeen AB10 1UB

    Introduction of investment opportunity comprising 5 shops to Aberdeen based clients of Gunn Property Consultants.

  • 238 High Street, Ayr KA7 1RL

    Letting of 329 sq ft shop unit on behalf of Greyharbour Limited to private individual, trading as Kiss & Make Up.

  • Former Garden Centre, Rhu Road Higher, Helensburgh

    Sale, clean of planning conditionality, of 2.7 acre development site on behalf of private owner for future residential use to clients of McAuley, McCarthy & Co

  • 159/161 High Street, Dumfries DG1 2QT

    Letting on behalf of landlords, WJ Law Group, of 1,255 sq ft shop unit to Salvation Army.

  • 2 Greenlaw Place, Newton Mearns G77 6GW

    Acquisition of a new 36,500 sq ft store from Gleniffer Estates, the first new build store for Waitrose in Scotland. The store opened in May 2011, providing 25,000 sq ft net selling area, benefits from 180 car spaces and is easily accessed via Jct 4 of the M77 motorway. Ditchfield Property have acquired both West of Scotland stores and continues to advise on roll-out of new Scottish stores.

  • 497 Duke Street, Glasgow G31 1DL

    Lease renewal to former subtenant, Cheque Centres, at £12,500 pa, on behalf of private Irish Landlord.

  • 471 Great Western Road, Glasgow G12

    Sale of freehold investment interest, let to Costa Coffee and producing £39,000 pa, subject to outstanding rent review, for Treetops Limited at a Net Initial Yield of 5.67%.

  • 53 Shillinghill, Alloa

    Lease restructure with Brighthouse, extending the term by 5 years, at a rent rising to £47,500 PA.

  • 1 Bank Street, Glasgow G12

    Rent review of shop premises used as a tattooist, Tribe 2, resulting in a 25% uplift to £12,500 pa, effective June 2010.

  • 49 Shillinghill, Alloa

    Letting on A.G.E.'s behalf to Alworths of former Ethel Austin premises of 6,672 sq ft on a 10 year lease, subject to a break after 5 years, at £45,000 pa, with a minimal rent free period.

  • Unit 12 St Giles Centre, Elgin and 49 Marischal Street, Peterhead

    Leasehold acquisitions for Ramsdens Financial Limited of two shop units, both on 10 year leases with tenant's option to break at year 5. Elgin at a commencing rental of £12,000 pa, rising to £16,000 pa. Peterhead at a commencing rental of £13,500 pa.

  • 220 Great Western Road, Glasgow G4

    Leasehold shop acquisition, providing 1,250 sq ft, for Kitchens International on a new 15 year lease, subject to options to break at years 5 and 10, at a commencing rental of £27,500 pa.

  • 94 Miller Street, Glasgow G1

    On behalf of the Landlords, Exchange Court Properties Limited, the letting of a ground and basement shop of 3,878 sq ft to Rossi Menswear Limited on a 10 year FRI lease, at a rent rising to £65,000 pa at year 3.

  • 363 Byres Road, Glasgow G12 8AU

    Acquisition of new 20 year lease for Waitrose Limited of former Somerfield store (24,679 sq ft ground floor, 6,600 sq ft basement) from Town Centre Securities. Secured 18 months in advance of the Somerfield lease end, the store attracted interest from M&S and Tesco. Adjoining servitude rights secured from Hilton to enable a larger turning circle to be created for delivery vehicles.

    The store was the first in Scotland to be acquired on a new lease basis, was the first in the West of Scotland and trades ahead of sales targets in this highly desirable West End Location.

  • 71 Lothian Road, Edinburgh EH3 9AU

    On behalf of TSO, the surrender of leasehold interest at £96,000 pa to Joint Properties Limited, subject to the back to back re-letting of the premises to Nando's.

  • 40 - 45 Argyll Arcade, Glasgow G1

    Acquisition of freehold interests (from HBG/BAM) in three jewellery stores on behalf of sitting tenants, Mitchell Diamonds, Rox and Lewis Grant at £2.8m, together with option to acquire Landlord's interests in McGowan's the jewellers.

    A complex acquisition involving the surrender of rear areas to enable HBG/BAM to redevelop the Buchanan Street elements of their holding, our clients benefitted from a discounted purchase price and the acquisition of the substantial first floor and basement accomodation, held for future expansion.

  • LR24, Union Square SC, Aberdeen AB11 5PN

    Acquisition of new lease from Hammerson of a new jewellery store of 1,150 sq ft for Rox for their first store outwith Glasgow. The lease was taken just ahead of scheme opening in late October 2009 at a commencing rental of £110,000 pa on a new 15 year lease, with a tenant's option to break at year 10, with 12 months rent free and a substantial capital contribution towards the fit out.

  • U157, Braehead SC, Glasgow G51 4BS

    Rent review for Rox, settled at nil uplift.

  • 156 Great Western Road, Glasgow G4 9AE

    Disposal of lease on behalf of Nic Gillespie Limited to Landlords, Ferbow Properties and the simultaneous reletting to Harvey & Thompson Ltd, as a relocation from semi basement premises nearby. New 15 year lease at £26,500 pa, subject to tenant's option to break at year 10, with 6 months rent free.

  • 447 Victoria Road, Glasgow G42 8RW

    Letting of 655 sq ft shop unit for Deshen Property plc to Luxury Holidays UK Limited at £10,000 pa on new 10 year lease, subject to tenant's break option at year 5 and 6 months rent free, spread over the first 2 years.

  • 451 Victoria Road, Glasgow G42 8RW

    Letting of 720 sq ft shop unit on D2 Enterprises Limited to No Limits Limited t/a Anjali's Boutique at a commencing rental of £11,000 pa on new 10 year lease, subject to break options after 12 months and 5 years.

  • 81 - 83 Main Street, Coatbridge ML5 3EH

    Lease extension and regear for Ramsdens, to January 2024, subject to tenant's break, at a revised rent of £21,000 pa, subject to 12 months rent free.

  • 22 Montrose Street, Glasgow G1 1RE

    Acquisition of The Bridal Studio Limited's first trading outlet at £35,000 pa, a saving off £7,500 pa on the quoting rent from a private client of Spiers Gumley. The City Centre shop unit, close to tinderbox, Dallas&Dallas and the Italian Centre, provides 1,286 sq ft at ground floor and 2,333 sq ft at basement and was secured on a 10 year FRI lease, subject to a Schedule of Condition, with a tenant's break at year 5.