Sykes Property Consultants

A leading property consultancy delivering results through expert advice

AGENCY, INVESTMENT &
DEVELOPMENT CONSULTANCY

ABOUT US

Sykes Property Consultants is a leading independent property consultancy based in Newcastle upon Tyne specialising in Agency, Investment and Development Consultancy of commercial property across all sectors throughout the UK.

Jonathan Sykes

Jonathan Sykes is a Chartered Surveyor and was previously an Equity Partner of King Sturge, a Regional Director of JLL and established Sykes Property Consultants in 2013. He is an experienced property professional with over 28 years in the industry and a wide range of contacts throughout the public and private sectors. He has a broad understanding of Planning Policy and has acted as an Expert Witness.

SERVICES

Agency

Sales, lettings and acquisitions of commercial land and buildings.

Development Consultancy

Site finding, design, tenant mix, pre-letting and funding of development schemes including residential and mixed use.

Investment

Sales and acquisitions of investment properties.

Sykes Property Consultants has Partnering arrangements with other consultants to provide advice in specialist sectors such as Student Accommodation, Motor Trade and Social Housing as well as other disciplines such as Planning and Building Surveying.

Projects

Wellbar Central, Newcastle upon Tyne

Advising Global Radio in respect of the acquisition of their Newcastle office comprising 1,300 sq m (14,000 sq ft) Grade A accommodation, together with 8 car parking spaces on a new 10 year FRI lease.

Chester Street Northwich

Advising Consett Property Partners LLP in respect of the investment acquisition of a Kwik Fit unit let for 15 years at a purchase price reflecting a net initial yield of 6.53%.

Town Centre House Leeds

Advising Sir Robert McAlpine in respect of their Leeds office lease renewal comprising 205 sq m (2202 sq ft) based upon a new 5-year FRI lease.

18 Grey Street Newcastle upon Tyne

Advising Gardiner & Theobald on their office relocation and acquisition of 186 sq m (2,000 sq ft) together with additional car parking and file storage based upon a new 10-year FRI lease.

Edgefield Avenue, Newcastle upon Tyne

Advising Crown Packaging in respect of the sale of a 1.66-acre site to Aldi for a supermarket development.

Tyne House, Newcastle upon Tyne

Advising Sir Robert McAlpine in respect of the restructuring of their existing lease / relocation of their Newcastle office.

Willowburn Retail Park, Alnwick

Advising The Northumberland Estates in respect of the pre-letting of a 557 sq m (6,000 sq ft) retail warehouse to Pets at Home based upon a new 15-year FRI lease subject to a 10-year break clause.

Bishop Auckland Retail Park, Bishop Auckland

Advising Metric Property in respect of the site acquisition and letting of phase 2 of Bishop Auckland Retail Park to Home Bargains and TK Maxx comprising 2,508 sq m (27,000 sq ft) of open A1 non-food retail.

Front Street Retail Park, Consett

Advising Project Genesis Ltd in respect of the pre-letting of an 841 sq m (9,050 sq ft) retail warehouse to Franks based upon a new 10-year FRI lease and the investment sale at a price reflecting a net initial yield of 8.9%.

Puddler’s Corner, Consett

Advising Consett Property Partners LLP in respect of the investment acquisition of the Starbucks Drive Thru let for 15 years with fixed uplifts based upon 2.5% pa compounded with a purchase price reflecting a net initial yield of 7.75%.

Southampton Street, Darlington

Advising Davies Transport Ltd on the sale of a 1-acre former transport depot to Opus Land as part of a site assembly for redevelopment for a retail park. Identifying and negotiating terms in respect of the acquisition of a relocation site for the business.

Glenn Street, Hebburn

Advising South Tyneside Council in respect of the sale of a 1.14-acre site to Aldi for a supermarket development.

Beaufront Park, Hexham

Advising Beaufront Business Park LLP in respect of the acquisition of a part completed business park development comprising 2,187 sq m (25,539) sq ft from the Receiver and being re-retained to advise on the future lettings.

Haugh Lane Industrial Estate, Hexham

Advising Bishop’s Motors in respect of the sale of a 0.25-acre site to Aldi for the extension of their car park.

Dale Garage Haugh Lane, Hexham

Advising F Handcock and Sons on the sale of a petrol filling station and motor dealership site to MRH (GB) Ltd a national petrol retailer. Advising MRH in respect of the letting of surplus accommodation.

Tyne Valley Retail Park, Hexham

Advising Network Rail in respect of the letting, development and investment sale of a retail park comprising 3,540 sq m (38,103 sq ft) of open A1 non- food retail with tenants including Homebase, Pets at Home, Poundstretcher and Majestic with a total rent roll of £521,145 per annum exclusive at a quoting price of £7,580,000 reflecting a net initial yield of 6.5%.

U8a Kingston Park, Newcastle upon Tyne

Advising Sir Robert McAlpine in respect of the acquisition of a 483 sq m (5,199 sq ft) industrial unit based upon a new 10-year FRI lease subject to a tenant’s break clause.

Clients

Clients include – Sir Robert McAlpine, Network Rail, Rokeby Developments, Consett Property Partners, Crown Packaging, Gardiner & Theobald, Global Radio, Dysart Developments, Genesis Trust, South Tyneside Council.

'We have worked with Jonathan for some 15 years and have always found his local knowledge and national expertise to be invaluable in delivering some of our largest projects in the North East.'- Rory Wilson, Agent - Northumberland Estates.

'Following our long term business relationship with Jonathan, Sykes Property Consultants have advised Sir Robert McAlpine on key property acquisitions and a lease renewal in the North East and Yorkshire. They have always provided us with consistently good advice in a professional and efficient manner.'- Andrew McAlpine - Supervisory Board Member, Sir Robert McAlpine Ltd.

'Sykes Property Consultants has advised Rokeby Developments Ltd, in conjunction with Network Rail, in respect of the £7.5m Tyne Valley Retail Park, Hexham since formation in 2013. Jonathan has always acted diligently and through his persistence and national retailer contacts we have secured an excellent tenant line up.'- Adrian Goodall – Founder and MD Rokeby Developments Ltd.

Contacts