October 20th, 2015

Turner Locker Barnfield have acted for a private pension fund in the acquisition of 61/63 High Street Nailsea. The price paid was £795,000 and the property is let to The Factory Shop Limited, for a further 15 years at £65,000 p.a. comprising an 8,000 sq ft shop and a 22 space private car park. The fund will benefit from a net initial yield of 7.75%. Savills acted for the vendor.

October 20th, 2015

Acting for a private investor, Turner Locker Barnfield have acquired the freehold interest in 18 Queen Street Newton Abbot for the sum of £350,000. The property is let to Cancer Research for 10 years at a rent of £26,700 p.a. upon full repairing and insuring terms providing a net return of 7.28%. Gerrard Matthews, Chartered Surveyor, acted for the Landlord.

October 20th, 2015

Turner Locker Barnfield have acted for Original Factory Shop in the acquisition of a new lease of 8 Harbour Road, Seaton. The shop comprising 8,000 sq ft was previously occupied by Rainbow Stores. The London office of Lambert Smith Hampton acted for the Landlord.

September 25th, 2015

Private clients of Turner Locker Barnfield have purchased the freehold interest in Vanguard House, an office building completed in 2004 on Matford Park Exeter. The offices are let to BDW Trading LTD trading as Barratt and David Wilson Homes for a term of 10 years from December 2002 at a rent of £110,000 per annum. A price of £1,515,000 was paid reflecting a net initial yield of 6.9% JLL’s Bristol office acted for the vendor. https://www.barratthomes.co.uk/

April 9th, 2015

Travelodge Portsmouth Hilsea sold for £1.66m, representing a 6.1% NIY Turner Locker Barnfield, on behalf of Vauxhall Estates, has purchased the Travelodge Portsmouth Hilsea Hotel from a private client of Philips Lockhart Starr. The sale price was £1.66m, representing a Net Initial Yield of 6.1%. The property is let on FRI terms for 25 years from August 10^th 2010. There are five year only rent reviews inked to RPI. Exeter based Turner Locker Barnfield acted on behalf of Vauxhall Estates. Philips Lockhart Starr represented the vendor. Dave Moxom from Turner Locker Barnfield commented: “Our clients were seeking a secure investment with good growth and the strength of the Travelodge covenant, combined with reviews linked to RPI, made this an ideal opportunity.” The Portsmouth Hilsea sale is the seventh Travelodge lease investment sale of this year:   https://www.travelodge.co.uk/

January 7th, 2015

TURNER LOCKER BARNFIELD have acted in the sale of the freehold interest in a residential care home investment at Barnfield Hill Exeter to a private investor. The property is let to Guinness Care and Support Ltd. for a further 16 years at a rental of £93,407 p.a. A price very close to the asking of £1.25m was achieved. The Purchaser was represented by Savills.  

January 7th, 2015

TURNER LOCKER BARNFIELD have sold the freehold interest in a property let to The Original Factory Shop at Station Road, Gillingham in Dorset to private investors. A price of £875,000 was achieved. The lease had a further 9 years to run and the rent was £69,425

October 29th, 2014

Turner Locker Barnfield who also manage this office building have let  the final 1000 sq ft Ground Floor suite at Station Masters House, New North Road, Exeter EX4 4HE to Primetrica Ltd

Primetrica Ltd who are a division of PriMetrica Inc based in Carlsbad VA USA have relocated from 3 Colleton Crescent also managed by Turner Locker Barnfield

October 3rd, 2014

Acting for for Calendar Club we have sold 6 Marsh Green Road to Touchwood Interiors formerly of 6 Bishop’s Court Gardens, Clyst St Mary. Touchwood undertake all aspects of cabinetry and carpentry relating to the development of both private homes and commercial properties. This includes architectural joinery, built-in and freestanding furniture.

June 27th, 2014

acting for the owners of Kings Wharf on Exeter's quayside we have just completed the lease renewal to https://www.mirada.tv/ who occupy approx 3600 sq ft. The new lease for 5 yrs equates to around £10.50psf