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Leamington Spa
Craigard Investments has purchased a 50,000 sq ft industrial unit in Leamington
Spa.
The unit, named Access Point, sits on Tachbrook Park Industrial Estate
and has already been pre-let even before the purchase has been completed
to Canute Haulage at a rent of £252,500 pa. The contract lasts for
10 years, with a break option in 2012.
Agents Evans Hardy Bromwich acted for Craigard locally, with Molyneux
Rose acting on their behalf nationally.
Birmingham
AXA Sunlife Assured Ltd has acquired a new retail warehouse on a 1.62
ha (4 acres) site in Perry Barr, Birmingham, in a deal worth £13.45m.
The 4,866 sq m (52,377 sq ft) building, together with an outdoor home
and garden centre, service yard and storage compound, was acquired on
behalf of the pension fund by CB Richard Ellis.
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The warehouse, which
is located on a 5.6 ha (14 acres) mixed use development by Hinton Properties
Ltd, was pre-let to Wickes.
When finished, the mixed-use development will provide a mix of retail
and commercial units, along with leisure facilities.
CB Richard Ellis was also appointed as monitoring surveyors for the development.
Wellingborough
Protego Real Estate Investors have acquired an industrial estate at Baird
Court, Park Farm Industrial Estate, Wellingborough, for £3,826,000
from Alburn Investments Ltd.
The property comprises 14 units providing 6,343.4 sq m (68,232 sq ft)
of industrial accommodation and is let to a range of local and regional
tenants producing a rent of £282,825 pa. The purchase price reflects
a net initial yield of 7%.
Sampson Moore acted for Alburn Investments Ltd and Atis Real acted for
Protego Real Estate Investors.
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