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.

Innovating Group take 8

The Innovating Group LLP that operate as Fresh Coventry & Warwickshire – a truly local radio station for Coventry & Warwickshire have completed a lease on Unit 8 – a self contained 94 sqm / 1,008 sqft office building  on a new lease to December 2019 at the Alvis Works on Common lane in Kenilworth.

Boston Fieldgate advised the landlord and are marketing industrial and warehouse units on the estate offering space between 57 sqm / 615 sqft up to 196 sqm / 2,113 sqft

Excellence in High Street

IMG_1941 resized for www 2

 

On behalf of the St Nicholas Parochial Church Council Boston Fieldgate have negotiated a letting of a suite of first floor offices at 28 High Street in Kenilworth to Transmission Excellence Ltd who have relocated from serviced offices in the town. The suite offers open plan stylish accommodation in the conservation area with excellent natural light. The rent achieved was just over £14.20 / sqft.

Queens Award For Boston Fieldgate client

Little Green Sheep Group have just been given the Queens Award for Enterprise  – the award was presented to the company for its innovative products and impressive growth and is one of the most prestigious accolades a UK based company can win. Each year Her Majesty the Queen selects only a few companies to receive the award on her birthday (April 21), based on the advice of the Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions. To achieve the award the Green Sheep Group, which produces organic baby products, showed fantastic growth, a focus on innovation and a strategic approach to all areas of the business. Roger Allen, Chief Executive, said: “The whole company was absolutely delighted to receive the news. It is testimony to the hard work and upbeat culture in every department that we have received such an incredible honour.

Boston Fieldgate is delighted to provide property consultancy advice to the company.

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