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Property Market Report 1982 - Warehouses

Capital & Rental Values as at 31st March 1982

The following tables indicate rental and capital values for five typical classes of industrial buildings. Where there is no entry the beacon type is not typical in the locality.

The first four types are assumed to be on an industrial estate, and let on FRI terms. They are of modern construction but not of high-tech design, and are heated by free standing heaters.

Type 1
Small starter units, 25sq.m-75sq.m
Steel framed, concrete block or brick construction, often built in terrace layout and let on weekly terms.

Type 2
Nursery units, 150sq.m-200sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above. Eaves height 3.75 to 4.5 metres with lined roof. Limited or no office content and common parking and loading areas.

Type 3
Industrial/warehouse units, circa 500sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above.
Eaves height 4.3 metres to 5.5 metres with lined roof.
10% to 15% office content. Detached on own site with private parking and loading facilities.

Type 4
Industrial/warehouse units, circa 1,000sq.m
Steel framed on concrete base, concrete block or brickwork to 2 metres with metal PVC covered cladding above. Eaves height up to 7.6 metres with lined roof.
10% to 15% office content. Detached on own site with private parking and loading facilities.

Type 5
Converted ex-mill units
Ground floor unit converted from 19th century multifloor ex-mill or similar building of 4-5 storeys. Brick
construction with tile or slate roof.
Unit of circa 150sq.m with heating from central piped water system.
Electric goods lift to upper floors and sprinklers to all levels. Tenant responsible for internal repairs and
insurance. This type is only found in certain areas of the country.

EAST OF ENGLAND
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
LOCATION
  
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
320
270
220
190
Cambridge
35
30
24
21
 
230
210
180
160
Peterborough
23
21
18
16
 
350
280
220
210
Ipswich
28
25
22
21
 
180
150
135
115
Norwich
22
18
16
14
 
240
220
200
180
Bedford
24
22
20
18
 
335
310
290
275
Stevenage
30
28
26
25
 
250
230
210
200
Luton
25
23
21
20
 
475
465
435
375
Hemel Hempstead
38
37
35
30
 
380
320
260
220
Chelmsford
35
32
26
23
 
240
205
205
185
Colchester
25
22
22
20
 
                   
EAST MIDLANDS
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
LOCATION
  
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
150
122
115
100
Lincoln
15
14
12
10
   
225
185
160
140
Ashfield & Mansfield
23
19
16
15
   
275
250
235
200
Nottingham
28
25
24
20
15
250
200
170
150
Derby
25
20
17
15
 
290
270
240
220
Leicester
22
20
19
19
 
250
235
210
190
Northampton
25
24
22
20
15
                   
MERSEYSIDE
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
LOCATION
 
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
230
200
175
105
         
Birkenhead
29
25
20
15
 
220
200
150
100
Liverpool
28
25
20
13
 
                   
NORTH EAST
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
LOCATION    
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
210
195
185
155
North Tyneside
19
17.5
17
14
   
175
150
140
100
Cramlington
18.5
15
14
10
 
165
140
114
100
Team Valley
17.5
15
12
11
 
145
120
100
90
Middlesbrough
18
15
12
11
   
160
145
135
100
Durham
20
18
17
12
 
                         
     
 
NORTH WEST
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
LOCATION
 
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
225
180
150
130
Bolton
25
23
18
15
8
300
270
250
200
Manchester
28
25
20
18
10
260
250
230
215
Rochdale
25
24
22
20
8
310
275
235
225
Salford
25
22
19
17
8
335
315
260
210
Stockport
32
30
25
20
12
220
200
170
123
Blackburn
25
23
20
14
5
220
200
160
90
Lancaster
25
23
20
13
8
230
205
180
145
Preston
25
23
20
16
5
260
225
200
100
Crewe/Congleton
27
24
20
10
8
225
200
175
105
Warrington
25
22
20
15
        
285
250
235
220
Wigan
22
20
19
18
8
180
175
100
75
Carlisle
23
20
13
10
               
180
160
120
75
Kendal
23
20
15
10
      
                                              
           
SOUTH EAST
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
    
600
500
440
Crawley
    
48
43
35
    
   
310
290
265
Eastbourne
        
28
26
24
    
     
300
270
220
Canterbury
   
30
28
22
   
     
280
250
150
Medway Towns
        
28
25
18
   
    
350
300
240
Tunbridge Wells/Tonbridge
     
35
30
24
   
    
535
500
435
Guildford/Egham
    
43
40
35
         
410
380
350
300
Epsom
45
42
40
35
   
335
310
285
275
Milton Keynes
27
25
23
22
   
340
320
285
275
Oxford
30
28
24
20
   
585
530
515
500
Reading
41
37
36
35
   
430
260
200
170
Basingstoke
39
28
25
21
   
290
175
135
117
Portsmouth
26
19
17
14
   
325
195
152
130
Southampton
29
21
19
16
   
250
180
130
85
Isle of Wight
22
18
15
10
   
                   
SOUTH WEST
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
290
265
200
150

Poole/Ferndown/
Verwood

35 32 24 18     
215
200
150
110
Weymouth 26 24 18 13  
250
225
190
180
Exeter 23 21 18 17  
150
140
125
120
Barnstaple 19 18 15 14  
200
180
170
145
Plymouth 21 20 19 16  
165
150
135
100
Bodmin 20 18 16 12  
240
220
200
150
Yeovil 22 20 20 18  
235
227
220
170
Bath 22 21 20 17  
215
205
200
150
Bristol 18 17 16 13 6
240
215
200
150
Gloucester 20 19 17 15  
300
250
240
210
Swindon 26 22 22 19  
                   
WALES
CAPITAL VALUES £/m²   RENTAL VALUES £/m²/ann

Type 125-75m²

Type 2150
200m²

Type 3Circa 500m² Type 4Circa 1,000m² LOCATION Type 125-
75m²
Type 2150-200m² Type 3
Circa 500m²
Type 4
Circa 1,000m²
Type 5
Multi-
storey
200 175 165 125 Cardiff 20 19 17.5 15  
140 115 115 95 Carmarthen 18 15 15 13  
145 135 120 100 Merthyr Tydfil 18 16.5 15 13  
165 150 135 115 Pontypridd 19 18 15 13  
190 190 185 130 Swansea 20 19 19 18  
135 125 115 80 Bangor 20 19 17 12  
160 145 130 115 Newport 20 18 16 14  
150 140 120 95 Wrexham(Deeside) 22 21 18 14  
                   
WEST MIDLANDS
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann

Type 1
25-75m²

Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
250 220 200 200 Birmingham 30 27 25 24 8
185 165 140 125 Coventry 22 20 17 15  
215 200 185 170 Sandwell 28 26 24 22  
350 250 180 200 Wolverhampton 32 30 27 24 5
180 160 145 135 Tamworth 20 18 16 15 16
180 160 140 130 Telford 20 18 16 16  
195 180 160 135 Stoke-on-Trent 23 21 19 16 11
200 185 155 135 Leamington Spa 24 22 19 17  
225 185 150 70 Redditch 25 20 18 18 10
275 215 165 125 Dudley 29 25 20 16  
                   
YORKSHIRE AND THE HUMBER
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
110
110
90
90
Harrogate
15
13
10
8
    
110
110
90
90
York
15
13
10
8
   
115
115
90
85
Bradford
15
13
10
8
   
120
120
90
90
Huddersfield
13
13
11
11
5
220
200
175
150
Leeds
20
18
18
15
5
120
100
95
95
Doncaster
20
16
15
10
  
110
90
85
85
Grimsby
15
13
10
7.5
   
110
95
85
80
Hull
15
13
10
7.5
   
115
95
90
90
Sheffield
19
16
15
10
   
115
115
90
95
Wakefield
14
14
12
11
4
                   
INNER LONDON
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 125-75m²
Type 2150-200m²
Type 3Circa 500m²
Type 4Circa 1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa
500m²
Type 4
Circa
1,000m²
Type 5
Multi-
storey
  291 250 200 Tower Hamlets   35 30 24 12
  312 312 312 Camden   38 38 38  
  291 250 233 Islington   35 30 28 12
  250 208 208 Greenwich/Charlton   30 25 25  
315 315 315 225 Southwark 35 35 35 25 16
445 390 390 333 Hammersmith (North) 40 35 35 30  
                   
OUTER LONDON
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa 500m²
Type 4
Circa 1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa 500m²
Type 4
Circa 1,000m²
Type 5
Multi-
storey
330 300 275 240 Romford 33 30 28 24  
390 375 325 325 Enfield (Lee Valley ) 35 32.5 30 27.5  
330 320 300 275 Waltham Forest 33 32 30 27  
  531 500 438 Croydon   43 40 35  
550 525 525 500 Wandsworth & Merton 45 43 43 40  
                   
SCOTLAND
CAPITAL VALUES £/m²
LOCATION
RENTAL VALUES £/m²/ann
Type 125-
75m²
Type 2150-
200m²
Type 3
Circa 500m²
Type 4
Circa 1,000m²
Type 1
25-
75m²
Type 2
150-
200m²
Type 3
Circa 500m²
Type 4
Circa 1,000m²
Type 5
Multi-
storey
             Hillington, Glasgow
20
20
17
15
 
120
120
90
90
Irvine
20
20
15
15
  
190
170
130
    
Dumfries
20
20
18
    
   
140
120
110
90
Falkirk (new location)
20
17
16
13
     
160
150
130
120
Glasgow
27
25
22
20
3
165
160
150
120
Aberdeen
30
27
25
22
   
125
125
100
95
Inverness
20
20
15
15
    
     
     
200
165
Edinburgh
26
25
24
22
2
120
120
90
90
Motherwell/
Cumbernauld
20
20
15
15
       
150
140
140
125
Dundee
22
20
20
18
5
                   

 

 


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