Tag Archives: industrial estate

News

Top rate for warehouse as strong demand continues

One of the best rates ever for industrial warehousing in Leamington Spa has been achieved by commercial property specialists Bromwich Hardy. 

Unit 11 T1300 at Tachbrook Park has been let on a 10-year lease to Naturally Baby Ltd. The 2,033 square foot unit is one of 15 that make up T1300, with each boasting an EPC Rating A, a 1.72 kWp photovoltaic system and a 7kW electric vehicle charging point. 

Bromwich Hardy graduate surveyor Sam Cooper, who completed the lease deal, said: “The £13 per square foot achieved on this site is thought to be a new record rent for industrial warehousing in Leamington. 

“This is the last of three units I have let for this landlord over the past six months and it shows that demand is still very high for top-quality and well-located properties. 

“Well-equipped units with great sustainability credentials are scarce in the area and demand is outstripping supply.” 

Sam, who won the Rising Star trophy at the Midland Property Awards, added: “The T1300 development has proved very popular and is now fully occupied. The wider Tachbrook Park site is home to some very big names, including JLR, and there has been no shortage of interest in this prestigious development.” 

Bromwich Hardy is one of the country’s largest independent commercial property agencies, regularly featuring in independent lists of the most active firms in the industry.  

For more information about Bromwich Hardy visit www.bromwichhardy.com
For more information about T1300 visit www.t1300.co.uk/

Commercial Property, Midlands News, News

Investment opportunity goes on the market for £4million

A five-acre industrial site on one of the Midlands’ largest industrial estates has gone on the market for more than £4million.

Award-winning commercial property agency Bromwich Hardy says there has already been strong interest in the 5.3 acre site at Colliery Lane on the Bayton Road Industrial Estate in Coventry.

Bromwich Hardy partner David Penn says the site is made up of 16 yards – some with buildings – the majority of which are occupied and are owned by a single-asset property company.

“This is a first class and very rare opportunity to invest in yard space in an area where there is considerable tenant demand.

“The site is forecast to be returning a gross income of more than £270,000 by November this year, with a yield of 6.7 per cent, and there are excellent asset management opportunities to be had here in respect of many of the yards.

“We’ve already had considerable interest from a number of quarters which is a reflection of the site’s excellent location, close to junction three of the M6, and the long-term opportunity the sale represents.

“It is exceptionally rare for a site of this size and scale and with these opportunities to become available and the degree of interest we have already received clearly represents this.”

Bromwich Hardy is one of the country’s leading independent agencies, regularly featuring at the top of industry league tables in Coventry, the West Midlands and further afield.

For more information about Bromwich Hardy visit https://www.bromwichhardy.com/