27 Spon Street, Coventry

Coventry
Acting on behalf of private clients, Reeves & Partners have sold the freehold interest in 27 Spon Street, Coventry to ID Partnership, architects.
The property comprises 566 sq m (6,099 sq ft) of offices over three floors with a substantial private car park.
The purchase price was agreed at a figure in excess of £900,000.

Banbury
White Commercial Surveyors have announced that they have let George House in Banbury to Sevacare (UK) ltd. The premises situated at first floor level comprise 1,691 sq ft of modern office accommodation together with three car parking spaces. Sevacare have taken a four-year ir lease at a rental in excess of £13,000 pax.
White Commercial Surveyors acted on behalf of Wentworth Kitchens in the transaction.

Banbury
White Commercial Surveyors have now let all 11,500 sq ft of the 20,000 sq ft self-contained headquarters office building known as Finance House in Banbury, having recently completed the letting of the second floor to Lagan Homes – Banbury UK. Lagan Homes have also completed a purchase of the building, where the head-lease currently held by Lloyds TSB Commercial Finance.
The letting of the second floor open plan offices, comprising some 5,626 sq ft with 30 car parking spaces, was taken on an under-lease expiring 20 March 2009 at a passing rental of £65,000 pax.
White Commercial have also recently let the third floor of the building to Porter Novelli Ltd.

Banbury
White Commercial Surveyors have announced that they have completed the letting of the second floor offices overlooking the Market Place in Banbury to the Best Connection Group Ltd.
The company have completed the letting of the entire building. Best Connection has taken a lease on approx 935 sq ft of accommodation which was refurbished by the landlord and at a rent in the region of £9,500 pax.

Wolverhampton
Part first floor offices, Balliol Business Park in Wolverhampton has been let off a quoting rental of £7,650 by Towler Shaw Roberts to RMK Construction Ltd.
The landlord of the 94 sq m (1,014 sq ft) property was HV Scan Ltd.

Wolverhampton
The Ground Floor Office Suite, Derwent House, 42-26 Waterloo Road in Wolverhampton has been let by Towler Shaw Roberts to Remploy Ltd for £21,200 pa. The assignor was Leonard Cheshire Disability.

Albrighton
On behalf of a local businessman, Towler Shaw Roberts has let 79-81 High Street, Albrighton near Wolverhampton to Jade Shop and Storefitters Ltd for £10,000 pa.

Redditch
In a deal brokered by joint agent DTZ, E B Security Ltd of Leighton Buzzard has bought two units at Centech Park in North Moons Moat, Redditch from the vendor’s representative Commercial Estates Group for £408,345.
E B Security’s premises are currently under re-development and will become the corporate headquarters for the group which consists of E B Security Ltd, E B Agency Services Ltd, E B Systems Ltd, Norwich Premier Security Services Ltd, Prosec International, Burton International Ltd and Endeavour Security Ltd.

Ashby de la Zouch
Salloway, acting on behalf of a private pension scheme, have sold Elford House, 6b Elford Street in Ashby for the freehold price of £105,000.
The 58 sq m (630 sq ft) office was sold to another private pension scheme.

Cannock
2 and 2a Mill Street in Cannock have been sold at the freehold price of £270,000 to the Prichard Group of Companies by a private vendor.
Salloway and Rushton Hickman acted for the vendor of the 204 sq m (2,202 sq ft) offices.

Birmingham
Lambert Smith Hampton have completed two deals for its client AXA, at Civic House in Great Charles Street.
LSH disposed of the sixth and seventh floors which each totalled approx 7,800 sq ft.
The sixth floor was acquired by West Midlands Police who were initially looking to take a sub lease until AXA’s lease expiry. Following successful negotiations with the superior landlord, Norwich Union, AXA secured a deal allowing them to surrender their liability and Norwich Union granted a new lease to West Midlands Police.
The seventh floor was acquired by HBOS. Again, LSH approached Norwich Union to enable them to surrender back their lease liability.
The deal prices were undisclosed, but GVA Grimley, who are acting for Norwich Union are seeking £16 psf for a new lease.

Back to Midlands News and Deals index

Visit Property Search to find the latest available Midlands property

Visit our archive of Midlands News and Deals stories going back over 12 months