Our core business areas are commercial property management, leasehold advisory work including rent reviews and lease renewals, property investment advice together with expert commercial and residential valuation.
The ability to appraise a property's worth - whether on a capital or rental basis - is fundamental to almost every aspect of our work. We have several years experience in the North East property market having witnessed the slowdown in the early 1990's and observing massive changes through regeneration of key areas.
In April 2018 Minimum Energy Efficiency Standards (MEES) were introduced to UK legislation making it illegal for a landlord to let a property until it meets a minimum level of energy efficient; an E rating.
Our investment department, led by Daniel Capobasso has a proven track record of analysing, acquiring and disposing of commercial property investments for institutional clients, property companies and private investors throughout the UK with particular emphasis on the North East of England.
To Johnson Tucker, an agency disposal instruction is regarded as far more than simply putting a board on a property and agreeing an advertising budget and campaign. We take a proactive approach to marketing, ensuring all along that the costs are in line with the result.
Residential property touches everyone - whether as house owner, investor or tenant and for many is their single most valuable asset. Knowing how much a residential property is worth is not quite as simple as many would think - particularly in a volatile market.
Johnson Tucker LLP are specialists in the negotiation of lease renewals and rent reviews for both landlords and tenants in all types of commercial property whether it be offices, industrial warehouse, retail or more specialised leisure or motor trade premises.
We offer a full and comprehensive property management service to our clients and currently manage a substantial property portfolio ranging from North Yorkshire to the Scottish Borders. Our services cover the following property types;
Whether an investor is considering an investment purchase, or a business occupier weighing up the pros and cons of freehold purchase, we are able to take an overview of geographical and industry trends to provide clients with the best available property opportunities and achieve the best deal for the client's business.
North East Leasehold is a specialist division of Johnson Tucker LLP set up to advise householders who hold a ground leasehold interest in their house or flat. Our role is to negotiate the price that you pay for the freehold interest or an extension of the lease.
Multi-let investment opportunity comprising:
Pharmacy & Post Office 14 years from 29/06/2018 at £12,500 per annum with tenant break in June 2025
Phone Repair Shop – 5 years from 12/10/18 at £5,500 with tenant break in April 2021
Steel & Varley Opticians – 10 years from 22/2/2017 at £16,500 per annum
Hunter North Recruitment Consultants – 5 years from 10/9/2018 at £4,750 per annum with tenant break in September 2021
TOTAL RENT: £39,250 per annum WAULT: 6.59 years to breaks and 9.17 years to lease ends
The property has been refurbished to provide 28 student let bedrooms, which are fully let producing £158,600 per annum (exclusive of bills). The property is very centrally located on St James Street in the city centre.
We are instructed to seek offers in excess of £2.2m for our client’s freehold interest. Alternatively 9, 11 & 13 St James Street can be split and sold separately:
– 9a & b St James Street £995,000
– 11 St James Street £640,000
– 13 St James Street £580,000
The property comprises a ground floor mid-terraced retail unit. The units benefits from a large glazed frontage and a wooden floor throughout the front sales area. The ancillary space includes a staff break out/kitchen area and a separate office. Whilst there is also a large storage room currently used as kitchen facility for baked goods. There are separate customer and staff WCs.
The building provides unique and attractive office space over ground and first floors within a prestigious Grade II Listed building. The current space available is in the former board room comprising solid hard wood floors, wooden panelling and ornate coving, architrave and stained glass windows.
Specification within the rent includes – Key fob, intercom & electronic door entry system, Electricity, gas & central heating, water & drainage. Repairs & maintenance, cleaning, shared kitchen & toilet facilities. Buildings insurance. Floor mounted trunking with data cabling and power points. PIR motion sensor lighting. On-site facilities management.
Excludes wi-fi, telephone & business rates
The property comprises two ground floor retail units, with a very well presented 3-bedroom flat on the upper floors and off-street car parking to the side of the building.
The property is of pre-war tradition construction, with brick elevations under a pitched slate roof. Ground floor 90a comprises solid carpeted flooring, suspended ceiling with recessed lighting, electric rollershutter with kitchen and WC to the rear.
Ground floor 90b is currently occupied by a dog grooming company at £7,000 per annum. The flat is accessed to the side of the building and comprises a well-presented and good sized 3-bedroom flat, with kitchen, lounge, bathroom and 3 bedrooms with full wet heating system, modern boiler and thickened, single glazed sliding sash windows.
The property comprises a mid-terraced four storey building. The property provides a ground floor retail area and on the upper floors is a spacious 6 bedroom flat with reception room, kitchen and 2 bathrooms
Planning permission was granted for the conversion and the building was extensively refurbished in 2014 (Planning Permission Ref. 2014/0709/01/DET).
The ground floor tenant is currently holding over at a rent of £6,000 per annum. Terms of a new lease are currently being negotiated.
The upper floors have been let to a group of PHD students for the academic year 2017/2018 at a rent of £2,210 per calendar month and terms have been verbally agreed for the academic years 2018/2019 and 2019/2020 at £2,236 per calendar month and £2,262 per calendar month respectively.
The total passing rent is therefore currently £32,520 per annum rising to £32,832 per annum next year and £33,144 per annum the year after.
Good Morning Dan,
A few words of thanks for your professionalism and a job well done.
Sue and I would like to offer our sincere thanks for your efforts over the past 3 months with the sale of 24 Ridley Place, Newcastle. You have offered great support, paid attention to detail, plus doing a great job of liaising with all parties involved. Your efforts have been instrumental in the successful sale of this property. The assurance that a brief text message can give that ’ all is progressing well’ counts for a great deal.
Best wishes Sue & John Roberts
Sue & John Roberts
As a solicitor setting up a new practice I needed advice on finding premises. Andrew Tucker has guided me all the way though the process. In particular, knowledge and practical understanding of leases and the options has been vital in securing premises on terms suitable for my business. I now know that identifying the premises and agreeing the rent is only a small part of what is involved.
Sharon Langridge | Sharon Langridge Solicitor
I have worked with Andrew Tucker and Gary Robinson for over 7 years. They have managed properties for us and dealt with landlord and tenant matters on our behalf. I have always been impressed by their hands on management style, accessibility, speed of response and knowedge of their patch.
Charles Wordie | Wordie Properties Ltd
Johnson Tucker was recommended to me by my roofing contractor when I unexpectedly found myself with empty retail properties on my hands. Gary Robinson helped me deal with all issues surrounding owning empty properties and made sure my insurer’s requirements were covered. Now that the properties are let I have instructed Gary to deal with the day to day management. It is not a big job but I know that when I am out of the country there is someone I can rely on to deal with any problems.
Fred Fagg | J T Clough & Son Ltd
We have been working with David Johnson for almost 20 years. With David’s help we have built up a substantial property portfolio including nursing homes, amusement arcades, public houses, a backpackers’ hostel and pure investments. In one week we secured two prime retail investments in central Newcastle costing over £8m.
“David has helped us add value to properties and encouraged us to enter areas of business where we previously had almost no experience. He has always found time to explain the complexities of a lease or title issues. Of course we work with other agents but I can honestly say that we have never purchased a commercial property without David’s blessing.”
Meenu & Bunty Malhotra | DAV Developments Ltd
Andrew Tucker is more than a surveyor – he has the ability to put himself in the mindset of the client and understand the objectives of the business and where property fits into the process. He also has a decent knowledge of property law, leases and property taxation including the intricacies of VAT.
David Arthur | Tait Walker
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