The Fund currently invests in the principal commercial property sectors: retail (retail warehouses), industrial (manufacturing and distribution), alternatives (hotels, student accommodation, serviced apartments, car showrooms, educational, medical, roadside and leisure) and offices (both London and regional).
All Properties (89)
Bristol - Bath Road, Brislington
A retail warehouse unit and drive-thru restaurant fronting the Bath Road, located on a prominent corner site. The property is located in close proximity to a major retail warehouse park and two large superstores in the surrounding area. The site contains 132 customer car parking spaces at a ratio of 1:127 sq ft.
December 2014
Freehold
£378,320 per annum
2027
McDonald's Restaurants Ltd
Pets at Home Ltd
Bury St Edmunds - Easlea Road
An open A1 retail warehouse located in Bury St Edmunds. The property is let off a low rent to Matalan Retail Limited until August 2029. Total gross internal area (GIA) of approximately 30,936 sq ft. There are circa 155 car parking spaces in the main car park, providing a total ratio of approximately 1:200 sq ft.
June 2017
Freehold
£305,000 per annum
2029
Matalan Retail Ltd
Canterbury – Wincheap Retail Park
The park is located at the intersection of the A2 and the A28 and forms part of a major concentration of retail warehousing to the south of the city. The units benefit from excellent frontage to this busy route and are extremely prominent and highly visible.
The subject property provides 3,720.5 sq m (40,048 sq ft) of modern, well-specified retail warehousing configured as a terrace of two units of steel portal frame constructed with brick-built elevations. There are a total of 143 car parking spaces which reflects an attractive ratio of 1:26 sq m (1:280 sq ft). Car parking is well laid out at the front of the terrace and servicing is to the rear of the property.
June 2006
Long Leasehold
£508,745 per annum
2026–2031 (2026)
Dunelm (Soft Furnishings) Ltd
Dreams
Gateshead - Metro Park West
A prominent freehold retail property located adjacent to IKEA and the Metrocentre. This is a prime retail destination with the Metrocentre attracting 21 million shoppers each year. The property has a valuable planning consent of open A1 retail including food.
April 2017
Freehold
£950,000 per annum
2025–2030
CDS
Sports Direct
London SE7 – Brocklebank Retail Park
The property comprises a prime purpose-built retail development anchored by Primark and benefiting from full Open A1 Retail (including food) planning consent. It totals 144,435 sq ft over ground and two upper floors, and will benefit from 454 shared car parking spaces with the adjacent Wickes unit (not within the Fund's ownership).
The area is expected to experience significant population growth in the coming years as a result of substantial new housing developments and the retail park is well positioned to benefit from this.
December 2015
Freehold
£2,349,113 per annum
2030–2037 (2032)
Next
Primark
Aldi
Wren Kitchens
Middlesbrough - Parkway Centre
The unit is a modern retail warehouse unit with a garden centre and adjoins the Parkway Shopping Centre, the largest out-of-town shopping centre in Middlesbrough. It has A1 non-food planning consent with car parking at 1:181 sq ft.
September 2004
Long leasehold
£239,180 per annum
2025
B&M
Redditch - Trafford Retail Park
Redditch is a affluent town in Worcestershire, strategically located approximately 17 miles south of central Birmingham with a large shopping catchment. The town is relatively undersupplied in terms of retail warehousing and food stores, driving tenant demand.
January 2013
Freehold
£1,076,278 per annum
2026–2041 (2028–2036)
Pets at Home
T J Morris Ltd (t/a Home Bargains)
Iceland
Aldi
Burger King
OneBeyond
Sue Ryder
Costa
Twickenham - Apex Retail Park
The property occupies a prominent position immediately to the north-west of Apex Corner roundabout which sits below an elevated section of the A316 Great Chertsey Road, the principal access into central London from the M3. On the opposite side of the roundabout lie a Homebase and a McDonald's, helping to provide critical mass. A Sainsbury's superstore also lies just off the roundabout.
The property comprises two purpose-built retail warehouse units in a single terrace constructed in 1994. Car parking is provided to the front of the units with a total of 152 car parking spaces providing a ratio of 1:265 per sq ft.
February 2010
Freehold
£951,500 per annum
2024–2032
Wickes Building Supplies Ltd (Surety: Wickes Holdings Ltd)
DSG Retail (t/a Currys)
Uttoxeter - Dovefields Retail Park
Uttoxeter is a market town located in the county of Staffordshire in the west midlands region. The town is served by the A50, which links Derby to Stoke-on-Trent; and the A518, which links Uttoxeter to the M6 via Stafford. The property fronts onto the A518 (Uttoxeter Bypass), which links to the A50, less than one mile to the north. The property comprises a seven-unit terrace (open A1 consent), 3 detached units fronting the Uttoxeter Bypass (A3 consent) and customer car parking. The scheme was completed in 2002 and is the only retail park within Uttoxeter.
August 2011
Freehold
£892,609 per annum
2026–2034 (2028–2029)
B&Q
Shoe Zone Retail Ltd
Poundland
Pets at Home
Argos
B&M
KFC
Majestic Wine
Costa
Greggs
Private individuals
Wolverhampton - Phoenix Retail Park
A prominent freehold retail park located off Stafford Street, one of the main arterial roads into Wolverhampton from the M54. The subject property is situated adjacent to a c. 40,000 sq ft owner-occupied Home Bargains as well as other demand drivers such as the Molineux Stadium, the University of Wolverhampton, and significant residential provision. Having been substantially redeveloped, Unit 1 is let to JD Sports Gyms Limited for a term of 15 years with a tenant break option in year 10, whilst Units 2 and 3 are let to Iceland Foods Limited trading as the Food Warehouse for a term of 10 years. The property benefits from a mix of fixed and open market rent reviews every five years.
January 2018
Freehold
£475,000 per annum
2032–2034 (2027)
JD Sports Gyms Limited
Iceland Foods Limited
Altrincham - Etchells Road
A detached office building serving as Lookers’ new headquarters let on a 15-year lease from 2018 with a tenant break in year 10. The property occupies a prominent and large site in Altrincham fronting the A56 and comprises a Grade A office that was refurbished in 2018.
July 2018
Freehold
£368,567 per annum
2033 (2028)
Bolling Investments Limited
Bath - Westpoint
Westpoint occupies a prominent position on James Street West in Bath City Centre. The property is situated directly opposite the City of Bath College, approximately one-third of a mile from Bath Spa Railway Station. The property comprises a self-contained office and retail building over ground and three upper floors totalling approximately 29,075 sq ft. 7,561 sq ft is retail (26%) and 21,514 sq ft is office (74%). The retail element is configured as three well-proportioned units on the ground floor. The upper floors provide recently refurbished open-plan office accommodation. The property underwent a substantial refurbishment in 2005.
December 2009
Freehold
£472,720 per annum
2027–2030 (2026, 2028)
Zerya Evin
Starbucks
Ladbrokes
EIP Europe LLP
Abel & Imray
Birmingham - The Pavilions, Birmingham Business Park
Birmingham Business Park is located approximately eight miles east of Birmingham City Centre and provides a high-quality business park environment on a total site of 150 hectares. The park is located at the junction of the M6 and M42, in close proximity to Birmingham Airport and the HS2 Interchange.
December 2004
Freehold
£891,672 per annum
2032 (2027)
The Secretary for State for Levelling Up
Housing and Communities
Brighton - 82–83 Queens Road
A freehold office building sandwiched between two of CPF’s adjacent ownerships, International House and Aspect House, and in very close proximity to the train station. The asset comprises ground-floor retail with offices on the upper floors. There are 14 car parking spaces in the basement.
May 2019
Freehold
£196,000 per annum
2025–2029
Café Coho
E-Tech Zone
WRAP Business and Leisure
Brighton - International House
A prominent freehold office building located immediately adjacent to the train station and in close proximity to two other ownerships within Brighton. The asset is multi-let to three office tenants, with a gym and a retail unit fronting Queen’s Road. There are 22 car parking spaces in the basement.
January 2017
Freehold
£449,555 per annum
2027–2035 (2028–2030)
Mandoths Restaurant
Fitness First
Booker Retail Partners
Itad Limited
Lucy & Yak
Brighton - Aspect House
A purpose built office building located on one of Brighton's main thoroughfares, 100 metres from the train station in a prime office pitch. The property is arranged over lower ground, ground and 5 upper floors, extending to a total of 28,157 sq ft. The bottom two floors are occupied as a health centre, and the remaining five floors are multi-let offices.
December 2014
Freehold
£770,156 per annum
2026–2032 (2027–2029)
NHS
Near Light Ltd
Football 1X2 Ltd
Jarltech Europe GmbH
FRP Advisory Trading
Teladoc Health UK Ltd
PageGroup plc
Bristol - Whiteladies House
Whiteladies House is a modern freehold office building in the affluent area of Clifton. The property is single-let and provides 15,500 sq ft of office accommodation over four floors with 12 car parking spaces.
December 2016
Freehold
£387,550 per annum
2026
Films at 59
Cheltenham - St George's House
A comprehensively refurbished office located in central Cheltenham arranged over ground and three upper floors extending to 20,227 sq ft.
December 2019
Freehold
£446,326 per annum
2027–2029
Abercrombie & Kent Limited
Novus Renewable Services
Chester - Civil Justice Centre
The property is located in the city centre, off Little St John Street close to the A5628, the Chester inner ring road. The property comprises a self-contained office building, arranged over ground and three upper floors providing a total net internal area of approximately 25,241 sq ft. The property, completed in 2001, is currently occupied by Her Majesty's Court Service as the Chester Civil Justice Centre and as such is currently fitted out as a Court facility.
December 2009
Freehold
£437,615 per annum
2026
The Secretary of State for Communities and Local Government
Ilkley - Mayfield House
A newly completed 27,328 sq ft freehold office arranged over ground and two upper floors, with 62 car spaces, located close to the railway station in an affluent town north of Leeds.
March 2018
Freehold
£519,745 per annum
2028 – 2033
Local Smartcredit Ltd
Modus UK Ltd
London E1 - 122 Back Church Lane
A newly developed office building constructed in 2015 extending to 25,200 sq ft. The building is arranged over basement, ground and 5 upper floors. There are outdoor terraces on the second and fourth floors and excellent natural light throughout.
The property is located in Whitechapel, which was set to benefit from significant infrastructure improvements through Crossrail in 2018.
February 2016
Freehold
£1,126,173 per annum
2026
The British Diabetic Association
London NW5 - Piano Factory
A former piano factory that was converted to a grade A office building in 2015 following a comprehensive refurbishment and addition of a fourth floor. Located immediately adjacent to Kentish Town West train station and a short walk from Camden.
February 2016
Freehold
£212,198 per annum
2027
Brinkworth Productions
London EC2 - Rivington House
A freehold office building comprising a converted Victorian warehouse that was redeveloped in 2014. The property is located close to Old Street roundabout in a prominent location at the gateway to Shoreditch, on the junction of Great Eastern Street and Rivington Street.
February 2015
Freehold
£949,914 per annum
2031
Work Life
London N1 - Shepherdess Walk
A freehold office building comprising a recently refurbished converted Victorian warehouse.
December 2013
Freehold
£502,645 per annum
2025–2028 (2026)
Sunshine Partners
Speirs & Major
Sharp End Partnership
Capital Integration Systems
Cignal Infrastructure
London EC1 - The Smithson
Subject to a major refurbishment in 2018, this prime Farringdon office building has double frontage to St John's Square and Briset Street. The property is arranged over six upper floors, ground and basement with a variety of floor plate sizes from 2,000–8,000 sq ft. The top floors have views over St Paul's and upper floors benefit from an abundance of outdoor terraces and natural light on four sides. There are 70 bike racks in the basement. The property is located 200m from Farringdon's Crossrail Station.
March 2011
Freehold
£2,933,758 per annum
2034 (2029); 2033 (2026)
Macmillan Publishers
Projection Artworks Limited
Newcastle Upon Tyne - Cooper's Studios
Cooper’s Studios was originally constructed in 1897 and is a rare surviving example of a purpose-built multi-storey horse and carriage repository. The Grade II listed building was comprehensively restored in 2009 and converted to provide unique and striking commercial office accommodation.
September 2019
Freehold
£359,884 per annum
2033
Ryder Architecture Limited
Staines - Magna House
Staines is located within the M25 close to Heathrow and is classified as a prime M25 office location. The property is situated on the periphery of the town centre to the northwest of the train station and retail core. Magna House comprises a detached office building arranged over ground, first and second floors and is rectangular in shape with the front elevation facing Church Street. Constructed 1988, the property has ample car parking provision and is situated in a predominantly residential area suggesting future alternative use.
September 2010
Freehold
£127,000 per annum
2028
Givaudan UK
Basingstoke - Houndmills
The property comprises two modern detached warehouses with ancillary office facilities, located within the established Houndmills industrial area of Basingstoke. The property is within two miles of Junction 6 of the M3. Nearby occupiers include Sainsbury’s, Kuehne + Nagel, Bidfood and Martin Brower, as well as trade counters and car dealerships including Mercedes, Volvo and Toyota. The units are also approximately 400 metres from the Fund’s other industrial unit at Knights Park, Basingstoke.
August 2018
Long leasehold
£657,654 per annum
2025–2042
Vodafone
BB&R
Basingstoke - Knights Park
A modern detached warehouse unit with two-storey ancillary offices, situated on Knight’s Park, part of Houndmills a well-established industrial and distribution estate two miles from Junction 6 of the M3. Nearby industrial occupiers include Volvo, the Post Office, Sainsbury’s, Golden West Food, Fyffes and Macmillan.
December 2002
Freehold
£522,800 per annum
2042
Levertonhelm Limited
Belvedere - Centurion Way
An industrial warehouse developed in 2018 and let on a 25-year RPI-linked lease from July 2018 to Allied Hygiene. The site extends to three acres and benefits from a long and prominent frontage. The property serves as Allied’s headquarters.
July 2018
Freehold
£729,992 per annum
2043 (2033)
Allied Hygiene Services Limited
Bristol - Poplar Way
A well-specified modern industrial unit situated in an established distribution location. The property is cross-docked and has 360-degree circulation and large yards. It was single-let to Kuehne + Nagel on a 10-year reversionary lease from 2019, with a tenant option to break in 2024.
January 2014
Freehold
£0
–
Vacant
Bristol - Wilverley Trading Estate
Industrial asset comprising eight industrial units arranged in two terraces, providing a combined 62,307 sq ft. The property benefits from a prominent main road frontage to the Bath Road (A4), the main route from Bristol City Centre to Bath, approximately 2.5 miles south-east of Bristol city centre and Temple Meads station. Acquired for reversionary potential.
December 2021
Freehold
£641,184 per annum
2025–2039 (2031)
Cubico
Screwfix
Tastetech
Mon Motors
Bury St Edmunds - Moreton Hall
The property comprises a newly developed 66,000 sq ft industrial unit occupying a four-acre site in Bury St Edmunds let to Vitec, an organisation specialising in the production of manual and robotic camera support systems and accessories. This purpose-built facility is the UK headquarters and employs approximately 200 people.
March 2015
Freehold
£679,673 per annum
2032
Videndum Production Solutions Limited
Chigwell - Workshop & Victoria Building
A three-acre Greater London site incorporating two newly constructed or substantially refurbished industrial units located off Langston Road, the principal out-of-town business location in Chigwell. The asset is approximately 200 metres from the Fund’s existing BMW and MINI dealership in Chigwell, has a very low site cover, is BREEAM certified and has direct access to Debden Station. The property is let in its entirety to Sytner until 2056, coterminous with the dealership.
December 2019
Freehold
£486,607 per annum
2056 (2036)
Sytner Properties Ltd (surety: Sytner Group Ltd)
Bury St Edmunds - SP147
A newly developed distribution warehouse let on a 25-year lease from 2019, with five-yearly RPI rent reviews. The unit has a large yard, 12.5-metre eaves and a number of sustainability credentials including a BREEAM Excellent rating. The tenant, Unipart, serves an NHS contract from the property.
June 2019
Freehold
£1,068,749 per annum
2044 (2034)
Unipart Logistics Limited (surety: Unipart Group Limited)
Daventry - Daventry Exchange
Daventry Exchange comprises four industrial units situated on a 9.5-acre site in a prime industrial location within the Golden Triangle. The units are let to three separate tenants off low rents, with significant reversionary potential.
March 2022
Virtual Freehold
£ 1,071,067 per annum
2025–2030 (2026–2028)
G2S Limited
Cummins Limited
Consumer Champion Group Limited
Epsom - Epsom Trade Park
Epsom is an affluent commuter town within the Greater London Urban Area, 17 miles to the south-west of central London. Junction 9 of the M25 provides excellent links to the national motorway network, with direct access to London Heathrow and Gatwick airports via the M23. The property is situated on Longmead Industrial Estate, an established light industrial and trade-counter location with additional business units and car-showroom uses, located one mile north-east of the town centre. The property is a multi-let industrial estate comprising a recently completed trade park scheme and two detached industrial units extending to 62,577 sq ft.
January 2011
Long leasehold
£1,059,028 per annum
2027–2034 (2026–2028)
HFD Limited
C. Brewer & Sons
AWE Europe Ltd
Eurocell Building Plastics
Screwfix Direct Ltd
Photo-Me International Plc
Storage King
Hayes - Printing House Lane
Hayes is located approximately 14 miles to the west of central London and 1.5 miles north of Junction 3 of the M4, which provides direct access into central London to the east and connects with the M25 (Junction 15) four miles to the west. The property is around three miles from Heathrow Airport. The immediate area comprises industrial, office and residential uses; Stockley Park lies less than one mile to the west. Nearby occupiers include DHL, Travis Perkins, Royal Mail and Nikon Express.
Constructed in 2006, the property comprises a self-contained detached warehouse unit extending to 53,453 sq ft with integral office accommodation.
May 2011
Freehold
£674,637.50
2026
Tempur UK Ltd
Leeds - Cross Green Approach
20 Cross Green Approach is situated within the established Cross Green industrial area, just one mile from Leeds City Centre – a genuine urban logistics location. The unit is well specified with 12-plus-metre eaves, twelve dock-level and one ground level loading doors across three elevations, a large yard, two access/egress points and low site cover. The property is EPC-rated A.
March 2022
Long leasehold
£420,000 per annum
2031 (2026)
Yusen Logistics (UK) Limited
Liverpool - Venus Knowsley
A modern distribution warehouse which was developed in 2015 and is located less than 1 mile from Junction 4 of the M57. The property benefits from 13m eaves, a large goods yard, extensive parking and a low site cover. It is let to Amazon as a parcel delivery hub on a 10-year lease from 2016. The property is located in close proximity to CPF’s other holding on the same industrial estate, occupied by Toyota. This location is set to benefit from major infrastructure improvements including the development of the new port at Liverpool2 and the new Runcorn bridge.
November 2016
Virtual freehold
£632,206 per annum
2026
Amazon UK Services Limited
Liverpool - Jupiter, Deacon Park
London NW9 - Colindale
The property is a high quality facility for Skoda and Volkswagen which was refurbished in 2012. The dealership is located on an industrial estate just off the Edgware Road near Junction 4 of the M1, and other car dealerships in the vicinity include Volvo, Lexus and Volkswagen. The property totals 15,562 sq ft, with a showroom, a vehicle storage area and valeting facilities. There are 46 display parking spaces, and 20 for customers and staff.
December 2014
Freehold
£275,000 per annum
2031
Volkswagen Group United Kingdom Ltd
Normanton - Trident Park
A modern industrial warehouse constructed in 2016. The property is located in a prime industrial location 10 miles to the south east of Leeds with excellent access to the M62, M1 and A1(M). The property is let to Kelling Group Ltd on a 15-year lease from October 2017 subject to five-yearly rent reviews to the higher of RPI (2% collar and 4% cap) or open-market rent. The property has 12-metre eaves, 24% site cover, canopy and full vehicular circulation. The property is situated adjacent to three other industrial warehouses owned by CPF.
December 2017
Freehold
£434,000 per annum
2032
Kelling Group Limited
Normanton - Trident Park
PNS UK Ltd, Normanton
A modern industrial warehouse constructed in 2016, located in a prime industrial location 10 miles to the south-east of Leeds with excellent access to the M62, M1 and A1(M).
March 2016
Freehold
£236,665 per annum
2036
PNS UK Ltd
Normanton - Trident Park
A modern industrial warehouse constructed in 2014. The property is located in a prime industrial location 10 miles south-east of Leeds with excellent access to the M62, M1 and A1(M).
December 2014
Freehold
£324,581 per annum
2029
United AutoSports
Nottingham - Little Oak Drive
Sherwood Park is a successful mixed-use business park recognised as a well-established industrial location adjacent to Junction 27 of the M1 and approximately 11 miles north of Nottingham. In addition, Sherwood Park is strategically located just 13 miles from East Midlands Airport. The property comprises a modern detached production unit with integral office and laboratory accommodation totalling 80,400 sq ft.
September 2010
Long leasehold
£433,843 per annum
2026
Turbine Surface Technologies Ltd (Surety: Rolls-Royce plc & Chromalloy UK L)
Portsmouth - Castle Trading Estate
The property is located on Castle Trading Estate in Portchester, west of Portsmouth city centre. It comprises a detached industrial warehouse constructed in 1992. The building is used as a manufacturing unit with a two-storey office pod.
July 2010
Freehold
£678,845 per annum
2034 (2029)
SMR Automotive Mirrors UK Ltd (Surety: Paig International Ltd)
Redditch - Ravensbank Business Park
Tamworth - Emperor Point
A modern detached warehouse unit extending to 178,492 sq ft, with a two-storey ancillary office block, eight level-access loading doors, and a canopied loading area. Centurion Park is a 50-acre distribution park situated at the intersection of the M42 and A5, south of Tamworth town centre. Other occupiers on the Park include Norbert Dentressrangle (XPO Logistics), Aldi and AAH.
September 2014
Freehold
£1,300,000 per annum
2029
Speedy Asset Services Ltd
Tewkesbury - Alexandra Way
A warehouse with extensive two-storey offices completed in 2000 and used for the manufacture of credit cards.
It forms part of the Ashchurch Business Centre, which has good prominence to and access from Junction 9 of the M5. Other occupiers in the Centre include Group 4, DHL and Smiths Industries.
August 2001
Freehold
£270,000 per annum
2030
Idemia UK Ltd (surety: De La Rue International Ltd)
Tewkesbury - Severn Drive
A modern distribution warehouse located adjacent to Junction 9 of the M5. The income is subject to a rent review in 2027 to the higher of open market or RPI (collared and capped at 2% and 4% per annum compounded respectively).
July 2012
Freehold
£800,000 per annum
2032
Hydro Buildings Systems UK Limited
Thetford - Fison Way Industrial Estate
Located on Fison Way Industrial Estate – one of Thetford's largest industrial estates – the site extends to three acres and the building comprises a detached warehouse with cross-docked loading, serving as a parcel hub.
December 2009
Long leasehold
£99,999 per annum
2025 (2023)
Fedex Express UK Transportation Limited
Wakefield - Kenmore Road
A distribution warehouse on a prime industrial estate at junction 41 of the M1, one mile south of its intersection with the M62. The property extends to 45,405 sq ft and is let to Wolseley UK Limited on a 10-year lease from January 2021. The rent is reviewed in year five to the higher of open-market or RPI (collared at 2% and capped at 3.5% per annum compound).
November 2015
Freehold
£271,225 per annum
2031
Wolseley UK Limited
Wednesbury - Steelmans Road
Bath - 1–3 Westgate Buildings
A freehold mixed-use property located in Bath city centre with triple frontage overlooking the pedestrianised Kingsmead Square. The ground floor and basement comprise an A3 retail unit let to an independent restaurant, and the upper three floors are let to a student-accommodation operator as a 29-bed student residence.
June 2016
Freehold
£192,697 per annum
2039 (2029)
Stable Bar & Restaurants Ltd
DPL Partnership Limited
Bath - 4 Westgate Buildings
Situated in Bath’s central leisure area directly between two of the Fund’s existing properties and diagonally opposite another. The newly completed redevelopment provides 17 residential studio apartments let to Westgate Apartments Limited and a Tesco store at ground floor.
November 2017 and December 2023
Freehold
£286,003 per annum
2027 – 2038 (2033)
Westgate Apartments Limited
Tesco Stores Limited
Bath - 5–10 Westgate Buildings
An attractive mixed-use building in central Bath, located close to CPF's two other holdings at 1–3 Westgate Buildings and at Westpoint on Avon Street, opposite Westgate Buildings. Originally built in the 1930s and occupied as a department store until 2000, the building was substantially refurbished that year behind an attractive Bath-stone façade. The accommodation is set out over basement, ground and two upper floors. The upper floors, formerly offices, have been converted to a hotel.
The building is double-fronted with elevations onto Westgate Buildings and Avon Street.
May 2012
Freehold
£767,424 per annum
2027–2042 (2028)
Sportsdirect.com Retail Ltd
Travelodge Hotels Ltd
Sally Salon Services Ltd
Creams Café
Bath - Trim Street
Situated in Bath’s central leisure area, the newly completed redevelopment of a Grade II-listed Georgian townhouse provides 10 residential apartments and a small commercial unit. The building is let in its entirety to TS Apartments Ltd (trading as Hiding Space), a high-quality serviced apartment operator.
January 2019
Freehold
£153,793 per annum
2029
TS Apartments Ltd (surety: Westgate Apartments Limited)
London SW11 - Battersea
A 121-bedroom hotel on York Road in Battersea. Let to Travelodge Hotels Limited until 2039 with a landlord option to extend for 10 years. The property occupies a prominent location alongside a number of residential developments and within walking distance of Clapham Junction station and Wandsworth. The site offers significant redevelopment potential.
December 2021
Freehold
£1,657,738 per annum
2049
Travelodge Hotels Limited
Brighton - Leonardo Hotel
A modern, purpose-built 234-bed hotel located in central Brighton, immediately adjacent to the train station. The property is let to Jurys Inn on a 35-year lease from November 2007. The rent is reviewed five-yearly to uncapped RPI.
September 2015
Freehold
£2,274,292 per annum
2042
Leonardo Hotel Management (UK) Limited
Bury St Edmunds - Škoda
Situated less than one mile from Bury St Edmunds town centre on Dettingen Way, near Newmarket Road – one of the main routes into the town from the west. The A14 dual carriageway is accessible via Newmarket Road and lies less than one mile away. The property, surrounded by industrial, trade and retail warehousing, provides 13,430 sq ft of modern accommodation including display, customer and workshop spaces.
Let for a term of 20 years from June 2022, with five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.
June 2022
Freehold
£130,000 per annum
2042
F. Vindis & Sons (Bedford) Limited
Fenstanton - Bentley
Bentley Cambridge lies 11 miles north-west of the city centre and five miles south of Huntingdon, immediately adjacent to the junction of A1307, Cambridge Road and London Road. The A1307 leads north to Huntingdon and south to Cambridge and the A14. The property is surrounded mainly by modern trade-counter and industrial units.
It provides 12,728 sq ft of modern accommodation with display, customer and workshop areas, and is let for 20 years from June 2022 with five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.
June 2022
Freehold
£140,000 per annum
2042
Vindis Group Limited
Cambridge - Newmarket Road
Located one mile east of Cambridge city centre, in an area characterised by retail uses. Cambridge Retail Park lies less than 100 metres to the west, with tenants including Currys, PC World, Homebase, Halfords, Pizza Hut and Majestic Wine. A Tesco Extra is located opposite the retail park. The site lies midway between the city centre and the A14, occupying a prominent position at the corner of Newmarket Road and Coldhams Lane.
The hotel comprises 219 bedrooms across five floors, together with lower-ground-floor parking for 50 cars and one additional space at ground level.
September 2011
Freehold
£1,632,864 per annum
2048
Travelodge Hotels Ltd
Carlisle - Currock Road
Chester - Volvo
A modern car showroom redeveloped by the tenant (at its expense) in 2018, after being taken back to frame. The property occupies a prominent position on the corner of Sealand Road and Sovereign Way, one mile to the west of Chester city centre.
May 2013
Freehold
£271,754 per annum
2036
Rybrook Cars Ltd (Surety: Rybrook Holdings Ltd)
Chigwell - BMW & MINI
The property is situated on a highly visible corner site on a main roundabout just off Junction 5 of the M11. The asset totals 46,789 sq ft comprising two high-quality, purpose-built showrooms for BMW and MINI which opened in 2006. The facility has 55 enclosed display spaces and a further 42 marked spaces. The car park provides a total provision for 266 spaces. Other car dealerships in the vicinity include Mercedes-Benz and Volkswagen.
September 2014
Freehold
£788,425 per annum
2056 (2026)
Sytner Properties Ltd (surety: Sytner Group Ltd)
Dorchester - Prince of Wales Road
A development of 12 apartments and four bungalows providing high-quality, specialised supported housing for vulnerable young adults. Completed in 2023, the property occupies a large site in Dorchester town centre adjacent to The Brewery Quarter.
A 10-year lease is in place to a registered provider, with annual rent reviews linked to CPI (capped at 4%), and a landlord’s option to extend for a further ten years, effectively providing a 20-year term. This property was acquired as part of a four-asset portfolio within the specialised supported-housing sector.
November 2023
Freehold
£213,846 per annum
2033
Inclusion Housing Community Company
Harrogate - Volkswagen
A modern car dealership constructed in 2007, located 3.5 miles west of the A1(M) in a well-recognised car-showroom area adjacent to St James Retail Park and St James Business Park. The property is let to Volkswagen Group (United Kingdom) Ltd on a 20-year lease from March 2007, with five-yearly rent reviews.
The property totals 30,797 sq ft, with a purpose-built, double-height showroom and 242 car parking spaces. Other nearby dealerships include Volvo, Toyota and Vauxhall, as well as the Audi Harrogate dealership currently owned by the Fund.
December 2017
Freehold
£340,000 per annum
2027
Shanklin – Isle of Wight
A specialised supported-housing property extending to nine self-contained residential apartments for vulnerable young adults. The property is let to the island’s housing association, Vectis, on a 20-year lease from February 2021, with annual rent reviews linked to CPI.
This property was acquired as a four-asset portfolio within the specialised supported-housing sector.
March 2022
Freehold
£103,957 per annum
2041
Manchester - Minshull Street
A newly refurbished serviced apartment arranged on ground and 5 upper floors with a ground-floor showroom and basement car parking. The property is located in central Manchester, close to Piccadilly station.
December 2014
Freehold
£717,347 per annum
2025–2046
Commercial Development Projects Ltd
Edyn Limited
Private individuals
Nailsea - Bennett Court
A newly developed specialised supported-housing property extending to 12 self-contained residential apartments for vulnerable young adults, along with ancillary staff accommodation. The property is let to a registered provider, Inclusion Housing Community Interest Company, on a 10-year lease from December 2022, with annual rent reviews linked to CPI (capped at 4% per annum). The landlord has an option to extend for a further 10 years, effectively taking the expiry to December 2042. This property was acquired as part of a four-asset portfolio within the specialised supported-housing sector.
December 2022
Freehold
£161,920 per annum
2032
Inclusion Housing Community Interest Company
Newcastle upon Tyne - Proctor House
Proctor House, situated within a prime area of Newcastle city centre, comprises a 104-bedroom budget hotel with an independent restaurant at ground floor. The property, which was fully redeveloped in 2014 to provide a new hotel, is let to EasyHotel until 2042, with five-yearly index-linked rent reviews to CPI.
February 2022
Freehold
£522,720 per annum
2037–2042 (2027–2037)
EasyHotel UK Limited
Valley Restaurants Limited
Northampton - VW Vans
The property is situated one mile west of Northampton town centre on Westgate Industrial Estate fronting the A4500 Weedon Road, one of the main arterial routes into Northampton. It is 2.6 miles from Junction 15A of the M1 motorway and sits adjacent to Northampton Audi (also operated by Vindis Group), making it an ideal location for the brand’s workshop. The property is in close proximity to retail warehouse, food retail, trade, drive-thru and industrial units.
Occupiers in the immediate vicinity include M&S, Sainsbury’s, Aldi, Lidl, Costa Coffee, Boots, Halfords, The Gym Group, Formula One, MAN Trucks, Speedy Hire, Wickes and Sixways Leisure Park (Cineworld, Tenpin, McDonald’s and Bella Italia). The property comprises 44,517 sq ft of modern accommodation along with display, customer and workshop spaces. It is let for a term of 20 years from June 2022, subject to five-yearly upwards-only rent reviews to CPIH, collared and capped at 1% and 3% per annum respectively.
June 2022
Freehold
£350,000 per annum
2042
F. Vindis & Sons (Bedford) Limited
Oxford - 333 Banbury Road
A purpose-built school developed in 2017 to a high specification, located on a large freehold site in Summertown, a short distance north of Oxford city centre. The 30-year lease from 2017 includes uncapped RPI-linked rent reviews realised annually. Summertown is recognised as Oxford’s prime residential area and has a cluster of educational uses benefiting from proximity to the University. Together with this property, CPF owns the student-accommodation property immediately opposite, creating a significant holding in a prime city underpinned by strong occupier demand and a stringent planning regime.
September 2022
Freehold
£1,813,250 per annum
2047
Oxford - 376 Banbury Road
A purpose-built school boarding house developed in 2017. The property is prominently located immediately opposite D’Overbroeck’s new school building in Summertown, to the north of Oxford city centre. The 30-year lease from September 2017 includes RPI-linked rent reviews every three years.
September 2017
Freehold
£514,662 per annum
2047
Poole - Fernside Road
A newly developed specialised supported-housing property extending to nine self-contained residential apartments for vulnerable young adults. The property is let to a Registered Provider, Inclusion Housing Community Interest Company, on a 10-year lease from August 2022 with annual rent reviews linked to CPI. The landlord has an option to extend the lease by a further 10 years, effectively taking the expiry to August 2042. This property was acquired as part of a portfolio of four assets within the specialised supported-housing sector.
August 2022
Freehold
£131,687 per annum
2032
Poole - Lifeboat Quay
The property occupies a gateway site in a prominent position opposite the train station and overlooking Poole Harbour, a short walk from the town’s main retail facilities and adjacent to an Asda supermarket.
It comprises a newly developed 125-bedroom hotel with ground-floor A3 retail units, a gym and a doctor’s surgery. There are 84 on-site parking spaces.
July 2014
Freehold
£870,502 per annum
2031–2051 (2026)
NHS
Trek
Subway
Costa Coffee
AMPD
Travelodge Hotels
Rayleigh - 200 Rayleigh Road
The property comprises a purpose-built health-and-fitness club extending to 4,463 sq m (48,032 sq ft), constructed in 2003. Facilities include a 25-metre swimming pool, a children’s pool and a large Jacuzzi/sauna/steam-room area, bar, reception, crèche, lounge area and changing rooms. The first floor comprises the gym area, which also includes two class studios. There are approximately 250 car-parking spaces. The property is situated on Rayleigh Road (A129), which connects the two main arterial routes serving South Essex – the A13 and the A127.
February 2011
Freehold
£464,000 per annum
2033
Solihull - Rolls-Royce & McLaren
Constructed in July 2011, the property provides an attractive purpose-built car showroom for McLaren and Rolls-Royce – one of only three McLaren and six Rolls-Royce showrooms across the UK. The property totals 1,280.88 sq m (13,788 sq ft), with ancillary offices on the ground floor and an additional showroom on the first floor housing Rybrook’s specialist car centre, displaying brands including Rolls-Royce, Bentley, Ferrari and Porsche. There are 14 display spaces and 34 other car-parking spaces.
The property is located south of Hockley Heath, on the corner of Old Warwick Road and Stratford Road, which leads directly to Junction 34 of the M42 and Junction 16 of the M40. Other car dealerships in the vicinity include Porsche, Land Rover, BMW and Jaguar.
May 2013
Freehold
£356,336 per annum
2036
Stockton-on-Tees - Audi
The property is prominently located on the outskirts of Stockton-on-Tees, one mile from the A66, which leads directly to the A1(M). The area is well known for its concentration of car dealerships (including BMW, Jaguar and Land Rover) serving Stockton and the wider Teesside area. Constructed in 2007, the state-of-the-art property totals 30,863 sq ft, with a double-height sales showroom at the front of the site fitted out to a high standard. A 20-bay vehicle workshop is situated behind the showroom, with ancillary offices on the first floor. There are 81 display spaces and 34 customer car-parking spaces.
December 2014
Freehold
£396,426 per annum
2027
Stow-on-the-Wold – BP & M&S
Station Road Garage, Stow-on-the-Wold, Gloucester
The property comprises a petrol filling station located on the A429 Fosse Way arterial road through the Cotswolds, on the outskirts of Stow-on-the-Wold. The site was extensively redeveloped in 2014 and comprises a modern petrol filling station, M&S Simply Food, Wild Bean Café and car-parking facilities.
December 2014
Freehold
£236,816 per annum
2033
Telford – Welcome Break Services
The property comprises a purpose-built motorway service area developed in 2002 and let to Welcome Break until November 2027. It is the only services on the M54 and offers a range of retail (Starbucks, WH Smith, Burger King), a petrol station operated by Shell and a hotel. The lease benefits from five-yearly fixed 2.5% per annum compound rent increases.
November 2013
Freehold
£1,147,033 per annum
2027