Averta move to Solihull

Employment law specialists Averta Employment Lawyers have just taken a lease on 1,413 sqft of offices on the ground floor of Unit 1 at the Courtyard, on Warwick Road, Solihull. The company are moving from the Packington Estate into the centre of Solihull and will be taking occupation before the end of February following a fit out. Boston Fieldgate advised Averta on the search to identify potential relocation options and then negotiated terms on their behalf on Unit 1.

Pack Smart grow in Kenilworth

Pack Smart – have just acquired a further 3,000sqft of warehouse space to support the expansion plans for their multi channel ecommerce fulfillment business. They now lease over 15,000sqft of space on Princes Drive Industrial Estate in Kenilworth from the Meacham Adams Pension Fund who were advised by Boston Fieldgate on the letting of this additional space and restructuring of their existing lease on Unit 6.

Dragon flies in…

Acting on behalf of Chinasearch – Europe’s largest retailer of discontinued china Boston Fieldgate have negotiated a sublet of unit 13a – 834sqft of warehouse space on the Princes Drive Industrial Estate in Kenilworth to Innovation Event Lighting at a passing rent of £5,000pa and negotiated the assignment of 13b – 1,667sqft to Dragon Interiors at a passing rent of £9,000 pa.

Charity takes over library building

Acting on behalf of a major midlands charity Boston Fieldgate have negotiated terms for a 5 year lease on the former Library premises extending to over 3,000 sqft at Remembrance Road on the south east side of Coventry. The property forms part of the local centre anchored by Heron Foods

Sold with 24 hours!

 

The Sale was agreed within 24 hours of coming to the market. The freehold of an office investment – 5 The Court, Holywell Business Park in Southam has just been sold to a private investor at an 8% net initial yield. The property comprises a 154sqm / 1,653sqft 2 storey office building constructed less than 10 year ago with 7 car spaces. The property is leased to Richmond Villages on a 5 year lease from March 2018 at an initial rent of £25,420pa with a tenant break option in 2021. Boston Fieldgate advised the vendor and negotiated the sale.

Clearwater sold to Shields

 

Clearwater International Group have completed the sale of their 6.7acre Clearwater Business Park to Shield Properties Ltd who will occupy the site themselves. The property comprises 3 detached blocks of industrial / warehouse and office accommodation extending to 20,000sqft of which 6,127sqft are let to RMI Academy on a 10 years lease from December 2015 at £35,985pa. The site has consent for a further 15,000sqft of new build accommodation with further development potential. Boston Fieldgate acted as joint agents on the disposal buildings and the price achieved was close to the asking price of £2.5m

Alvis renewals

Common Lane in Kenilworth is home to the Alvis Works which offers a mix of warehouse / industrial and office units set around a central courtyard. Acting for the landlord Boston Fieldgate has negotiated lease renewals on units 4,5,6,7, let Units 1 & 3b and now just unit 2 of 2,113 sqft remains available. Further details] are on the www under properties.

Mixed use investment sold

On behalf of a private investor client we have arranged the sale of a freehold mixed retail / residential investment in West Heath, Birmingham. The property at 41-3 Redhill round comprises 2 ground floor retail units let to a local hairdresser and café operator and 2 flats above which had previously been sold on long leases. The passing rent is £14,200pa and the sale price was £148k showing a gross yield of circa 9.5%. The purchaser was a private investor.

Mouldings Green secures Avon

Unit 1

On behalf of the Mouldings Green Partnership we have just let Unit 1 – a beautiful Listed barn conversion on the Birmingham Road in Meriden just to the north of Balsall Common. The detached building offers just under 500sqft of open plan office with separate kitchen / welfare facilities. The tenant Avon Utilities & Generation Ltd have taken a 5 year lease at a rent of £9,500pa

Charity move in Tamworth

 

Acting for a major midlands charity Boston Fieldgate have just negotiated terms for their retained client to take a 10 year lease on 30 George Street in the centre of town opposite one of the main entrances to the Ankerside Centre. The property is arranged over three floors offering ground floor retail and ancillary storage on the upper floors.

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