Brackenridge Hanson Tate is a an independent, multi-disciplined firm of commercial chartered surveyors. Providing professional property services since 1998, we provide a quality, nationwide service from our offices in Leeds. The core of BHT is a small, highly-motivated team led by two of its founding partners, D.W.Brackenridge and Robin Hanson, together with two surveyors, an account manager and a secretary. Our national coverage is enhanced by long-established working relationships with two consultants working beyond the northern property market that is our primary focus; Rob Stollery works with BHT from his base in Derbyshire and Clive Thomas covers much of what we do in London and the South.
We aim to deliver a professional, high quality and proactive approach based on the provision of a tailored service, always looking to build long-term relationships and win repeat business. This approach has allowed us to establish a diverse client base that includes businesses such as Skipton Building Society, HSBC, Rayner & Keeler, Handelsbanken, Threadneedle and Commercial Estates Group.
As a firm of professional property surveyors, BHT is regulated by the Royal Institution of Chartered Surveyors (RICS). We are also members of PAI, the industry association for smaller commercial property practices in the UK.
Investment Acquisition - Buttermarket St, Warrington
On behalf of clients we have acquired the above retail investment. The property occupies a prominent location in Warrington Town Centre, directly opposite an entrance to the proposed Bridge Street Quarter development, a joint venture between Muse Development and Warrington Council with a value of £107 million. The property comprises 3 shop units let to Heron Frozen Foods, Waterfields (Leigh) Ltd and Salvation Army Trading Co producing a rental income of £88,700 pax. A price of £900,000 was paid for the investment reflecting a net initial yield of 9.3%.
Convenience Store Investment Acquisition
On behalf of The Trustees of Radcliffe Pension Fund, we have acquired a Co-operative Convenience Store, The Green, Tenby, SA70 8EU. The property, which was formerly a Royal Mail Sorting Office, has recently been refurbished and let on a new 15 year lease to the Co-op Food Group Ltd at a rent of £62,000 pax, subject to five yearly indexed linked rent reviews. A price of £1,030,000 was paid reflecting a net initial yield of 5.7%.