Acquired from Prudential for £24.3m, 86% of its income is secured on lettings to national multiple covenants and 90% of the income is secured on leases of over ten years. The centre, which fronts Tavern Street, totals 12,280 sq m (132, 000 sq ft), of space with the anchor store Littlewoods, 33 shop units and a restaurant.
Our team has extensive experience of managing similar schemes and we look forward to working in partnership with the tenants. The development will have an estimated end value of £12.8 million.
Clerical Medical, advised by Mason Philips, has acquired a 23,225 sq m (250,000 sq ft) warehouse development site in Wolverhampton from Swan Hill Properties and Caterham Development Company. Known as Antar, the 5.33 ha (13.67 acre) site at the corner of Stafford Road and Wobaston Road near junction 2 of the M54, Clerical Medical has agreed to purchase the first phase, a 7,318 sq m (78,750 sq ft) warehouse on 2.02 ha (5 acres) which has been pre-let to BSL Limited on a 15-year lease at £388,191 pa. A further 0.2 ha (0.5 acres) of the first phase has been reserved for 1,858 sq m (20,000 sq ft) of additional warehousing space for BSL Limited.
The £4.8 million initial commitment will show a net initial yield of approximately 8%. The 3.51 ha (8.67 acre) second phase will be built out for at least 14,000 sq m (150,000 sq ft) on a pre-let or design and build basis. Clerical Medical has paid some £1.4 million for the site and has appointed Swan Hill Properties Limited and Caterham Development Company as developers. This modern, attractively designed, red brick office building in the heart of Ticehurst,
Bryco Glaze Plc took occupation within four days of viewing the space, at a rent of £16,250 per annum with a rent review in the third year, and certain first year incentives. The overall package equated to an achieved rent in excess of £13 per sq ft, a record in recent times. perth property valuers The acquisition of properties in the Wilton Street area of the town for the new development and the enthusiastic response from retailers wanting space in the shopping centre.
The Compulsory Purchase Order ("CPO") Notices have now been served on all property/land interests within the site area and acquisitions completed to date by English Partnerships have been negotiated by agreement. Tees land has spent the last three years bringing the project to fruition and has been working closely with Red car and Cleveland Borough Council, One North East and English Partnerships, who believe there is growing recognition of the significant benefits which the Centre will bring to Red car.
is licensed to represent buyers and
sellers of real estate in both Oregon and Washington. Before
relocating to Sisters, his
career included strategic counseling in marketing and public
relations for national and regional real estate companies with major
commercial and residential property valuations projects in Denver and Seattle. Lee is
also knowledgeable in resource issues including land use and
development, water rights, forest management and wildlife-endangered
species regulations. Besides his real estate experience, Lee was
owner-publisher of a 100-year-old weekly newspaper, and
editor-reporter for daily newspapers and an international wire
An overview: Sisters area real
Having worked as a publisher,
marketing and communications professional, I understand the value of
information depends on its relevance to
the user and how it is used. This overview of area real estate,
with associated Internet links, may provide a starting point if
you're considering buying, selling or investing in Sisters and
other Central Oregon property. I'd welcome the opportunity to
fill in the blanks with additional details from
the multiple listing service, Residential Property Valuations, my personal knowledge of specific
properties and Valuations QLDprovided by expert team of property valuers in town.
Sisters area properties:
An updated summary of homes and land from the Central Oregon Multiple
(Note that individual properties may be listed with different real
estate offices. Prices cited may be higher or lower for properties
available at any given time).
links in the left column are customized to provide quick access to
information specific to the Sisters area. Please e-mail me for
more information at:
Black Butte Ranch:Properties
Coldwell Banker Reed Bros. Realty
is the exclusive onsite real estate office for Black Butte
At any one time we have a mix of homesites (some along one of the
ranch's two golf courses); as well as existing single family homes and
condominiums. Black Butte is an appealing place, with golf,
extensive ski-bike-hike trail
system, a clubhouse with fine dining and spectacular views of the
Sisters peaks and Black Butte. A limited number of homesites range
from about $240,000 to mid $400,000s. Existing homes are listed from
the upper $200,000s to about $1,300,000, and condominiums begin at
a Black Butte Ranch brochure in PDF format)
Pine Meadow Village:
Pine meadow village plat
This is the largest master planned community ithin
incorporated Sisters. The community offers protected mountain
and open space views and is an easy
walk to the Sisters business and
shopping core. There are more than 110 single family homesites, as
well as sites for about 80 condominium and townhomes.
(click photos to enlarge) property valuations Melbourne has a completed clubhouse with pool and is
planned to include a hotel with dining, spa and
conference facilities. Besides homesites, a number of completed single
family and condominium homes are now available.
COLDWELL BANKER REED BROS.
REALTY is the exclusive on-stie listing agent offering homesites for
Pine Meadow Village's owner-developer, PMRDevco LLC
Download a brochure for more details
Sisters' nearby established neighborhoods:
Crossroads and Tollgate,
west of town, are two of the Sisters area's most appealing established
neighborhoods. Each is less than a five mile drive from downtown
Sisters, situated in stands of Ponderosa pines and juniper.Tollgate has a
clubhouse, pool and tennis facilities. Home prices generally range from
upper $100,000s to low $300,000s.
To the north on Camp Polk Road, are Indian Ford and Sage Meadow.
Indian Ford has access to many horsebackriding trails.
East of downtown on nicely-treed
sites along Squaw Creek is the Creekside neighborhood, with a few
remaining lots of about 0.30 acre and completed homes generally in the
$300,000 to upper $400,000s.
living IN TOWN:
homes and cottages within the Sisters town limits, several new
are emerging just blocks from the
downtown business area. Coyote Springs(Phase
2 lots 2004)
and Buck Run on the south side
offer new crafstman-styled homes starting in the $300,000s. Timber
Creek on the north side has homes in the mid $200,000s. There are also
new affordably-priced townhomes from approximately
$160,000 and duplex lots starting in the $80,000s.
RANCH & Horse properties:
lazy z ranch, offered by Coldwell Banker Reed Bros.*
The Sisters area is
known to be horse-friendly,
and by some estimates has one of the
rates of horse
Many smaller properties
of only a few acres have barns or
corrals. Larger ranch-type properties may include multiple paddocks
and arenas, and a few have indoor
facilities. A key advantage to having a horse in the Sisters area
is easy access to hundreds of thousands of acres of BLM and Forest
Camp Sherman and Metolius River area:
Most Northwest flyfishers
have heard of the Metolius,
river that emerges from underground just above the historic Camp
Sherman store. Native redband, brookies and bull trout up to several
pounds are prey
of anglers on this year
round catch and release stream. Metolius Meadows has 147
homesites, 70 with existing homes and privileges of a
community pool, stables and tennis courts. Many sites have views
(click photo to enlarge)
of Black Butte and Cascade peaks. Also unique to the
Sherman area are 108 cabins, many retaining their rustic character,
sited along the Metolius River on land leased from the Forest
Service.These cabins are rarely available for sale and even then are
on the market for a very short time. Please e-mail for more
Or call 541-549-7127.
This new 550 acre golf community is
just east of the Sisters town limits. Golf Digest recently
yard par 72 course among its top 10 "affordable
($35 for 18, $15 for 9 holes in spring and fall). Another nine holes
are under construction. About 25 homesites of the 75 in the first
phase were available in the fall of 2002. Prices range from about
$160,000 up to $300,000, depending on fairway siting and views.
Several completed homes were also available. Two years of golf are
included with some purchases.
PREMIER HOMES AND LAND:
There are several special projects with
extensive open space in unique
settings around Sisters.
of a unique property is the Deschutes
Ranch, with 420 acres--350 acres to remain in open space--along the
middle Deschutes River east of Sisters.There are hiking and riding
trails along this trout-rich stream and upland areas. DRR initially
21 one-half acre homesites priced from $245,000 to $410,000 and four
"estate" lots, and is preparing in early 2004 for another
offering.Cascade Meadow Ranch just west of Sisters offers buyers more
than 300 acres in a gated community with common open space for horses,
an equestrian center and clubhouse. Homes are in the $700,000
to $2.5 million range with homesites of about 2 acres from $200,000 to
$350,000. View this special listing in Cascade Meadow Ranch.
This new 640-acre community between
Bend and Redmond represents the first time that
Jack Nicklaus and Tom Fazio have
420 acres, in the same
holes of the Nicklaus course were opened in early
September 2003 for play by phase 1 Pronghorn Club homesite owners.
Developer Hix-Rubenstein is offering
phase 2 of the projects's approximately 300 homesites at $350,000 to
PLAN) Owners will also have
access to a new luxury hotel and spa to be managed by Carefree
Resorts, one of the nation's premier lodging companies. Hix-Rubenstein
also created the vineyard and golf resort Corde Valle near San Jose.
Eagle Crest resort:
Eagle Crest borders the middle
Deschutes River on 1,700 acres nearer to Redmond but only
15 miles from downtown Sisters. Besides the lodge, clubhouse, pool and
tennis facilities, Eagle Crest has three golf courses. Homesite prices
range from upper $70,000s to about $150,000 depending on size and
views. Townhomes/smaller chalets are listed in the lower to upper
$200,000 bracket, single family homes from about $350,000 to $550,000
and fractional ownership of 5 weeks annual use starting at $49,000.