Leisure - Recent Activity
3 Freehold City Centre Leisure/Hospitality/Development Opportunities with existing D2 uses
Acting on behalf client we sold sites ranging between 0.42 acres to 0.82 acres and properties of 19,386 sq ft to 44,305 sq ft, the properties have the benefit of D2 planning consent and are presently fitted out for nightclub use. Our client’s intention is to offer the properties with vacant possession inclusive of trade inventory at competitive prices in the region of £500,000 to £750,000.
Floral Hall Gardens, Southport
Acting on behalf of Neptune Developments, Christie + Co has now sold the hotel development element within this mixed scheme to Even Group for an undisclosed sum.
Moto Hospitality, Wetherby
Site disposal to Starboard Hotels for development of 125 Days Inn hotel.
The Thames Club, Surrey
Acting on behalf of Sheffield United, the Aim-listed company behind the Coca-Cola Football League Championship side, Christie + Co has now sold The Thames Club, a health and leisure club in Surrey, to a company funded by Downing Protected VCTs for an undisclosed sum.
The Exchange, Chester
Acting on behalf of Opus Land Ltd, Christie + Co has successfully signed an agreement with Travelodge to take the lease on ‘The Exchange’ in the centre of Chester. This former BT Exchange building is in the process of being transformed by Opus Land into a 72,750 sq ft, mixed-use scheme incorporating a hotel, café bar, restaurant, offices and retail units.
Kingsmill Park, Sutton-in-Ashfield
Acting on behalf of Lincoln-based Castle Square Developments (CSD), Christie + Co provided development agency advice for this 9 acre mixed-use scheme fronting the A38 in Sutton in Ashfield, close to Mansfield town centre. Designated “employment land” we advised CSD on appropriate uses, site layout and pricing parameters, with disposals undertaken to M&B for a Toby Carvery restaurant, Sandringham Investments for a 125-bedroom Express by Holiday Inn hotel, Exemplar for a private healthcare operation, and Westleigh Developments for a 2.42 acre office scheme.
Aprirose acquires nine Revolution vodka bars
Christie + Co has acquired nine freehold Revolution vodka bars on behalf of the specialist property investor Aprirose, in a deal worth in excess of £17 million. The nine Revolution properties are located in: Huddersfield, Lancaster, Leicester, Lincoln, Liverpool, Newcastle-under-Lyme and Wolverhampton, plus two in Manchester.
Avon Gorge Hotel sells to Swire Properties
Christie + Co has acted in the off market sale of the 76-bedroom Avon Gorge Hotel in Bristol for £15.5m. The deal was brokered between Peel Hotels and Swire Properties, the real estate arm of the Hong-Kong based conglomerate, Swire Group. Overlooking Brunel's famous Suspension Bridge, the hotel is located in Bristol's trendy Clifton Village. Swire is expected to pursue additional planning permission in order to further develop and enhance the hotel and its range of services.
Sale of Pantiles nightclub site to Sunrise Senior Living
Acting on behalf of Something Else Limited, Christie + Co has agreed the sale of the former Pantiles nightclub site in Bagshot, Surrey, for a figure in excess of £5 million off an asking price of £4 million. This followed an open marketing campaign and competitive bidding resulting in over 20 offers. The purchaser is Sunrise Senior Living, which have now obtained planning permission (subject to a section 106 agreement with the local Council) to develop 78 new assisted living units within the 1.65 acre site.
Draycott Hotel, London
On behalf of clients, Draycott Hotel LLP, Christie + Co were instructed to find an investor on a confidential basis, willing to acquire a 73.33% interest in the owning LLP. Following several offers, the investment was placed to a consortium of investors headed by Mantis Collection.
Kings Waterfront, Liverpool
On behalf of clients, McAleer & Rushe Group, Christie + Co
are pleased to announce the development of a brand new £16m
Staybridge Suites hotel in Liverpool which will form part of the
Kings Waterfront development, a major visitor destination due to be
completed by 2008 in time for the city’s Capital of Culture
celebrations.
McAleer & Rushe will construct the Staybridge Suites property
adjacent to what will be the new Jurys Inn hotel, with both
properties facing an extensive piazza and the dramatic purpose
built convention centre and arena.
The property will comprise 132 fully equipped and spacious one
bedroom and studio suites, creating a residential ‘home from
home’ environment for extended stay business travellers and
will be managed by Intercontinental Hotels Group (IHG) on behalf of
BDL Hotels Limited under a 20 year management contract.
Horizons Health Club, Derby
Christie + Co are pleased to announce the sale of Horizons Health and Fitness Club in Spondon, Derby, on behalf of Horizons Health and Leisure Ltd. The freehold club was sold off an asking price of £1.35m to a Middlesex-based purchaser, who comes from a specialist pharmacy background and intends to grow the business under the existing management.
The Brewery, Chiswell Street, London, sells for £55m
Christie + Co sold Whitbread's former HQ in the City of London,
for £55m.
A highly competitive marketing strategy and close teamwork resulted
in
over 20 bids, with the eventual sale being concluded within four
months of instruction. The 250-year-old site incorporated
“The Brewery”, a highly successful functions and
banqueting suite, 120,000 sq ft of former office space (with
planning for 118 serviced apartments) and a variety of investment
and development properties in close proximity.
