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Harlow factory attracts strong interest

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Herbert House on Elizabeth Way in Harlow offers 33,842 sqft of single storey factory / warehouse premises with an attached two storey office block on a site of 1.7 acres. The freehold interest was offered for sale on behalf of a private pension fund client by Boston Fieldgate and generated very strong early interest from owner occupiers, investors and developers. The property was let on a lease expiring in July to Magenta who are relocating but agreed a short term occupation post completion to facilitate their move. The sale to Boran Properties has now been completed at a price well in excess of the £1.5m guide and the property will now be occupied by one of its associate companies as a manufacturing and production facility.

Our client Tony Herbert went on record to thank Boston Fieldgate “for providing such good advice and service throughout the whole transaction.  You are excellent at what you do, combining very practical advice with a wealth of knowledge and experience.  This was an important transaction for us, as you recognised throughout. You have superb communication skills and above all I never doubted for a moment that you were always working in my interest to the best of your considerable ability. You are a true professional, Charles, and it was great to have you on our side”.

Cobra secures 8

Cobra International Security has taken a lease on 1,088sqft / 93.7sqm of offices with 8 dedicated car spaces at Alvis Works in Kenilworth. They have taken an 18 month lease and will be using the premises for their midlands headquarters and training centre. Boston Fieldgate negotiated the lease on behalf of landlord.

Cherwell Packaging on the move

Cherwell Packaging has just taken a 5 year lease on 8,075sqft of warehouse space on the Wednesbury Trading Estate in Wednesbury to service a growing client base and new contract wins. Their existing facility of 4,035 sqft is in Hockley, Birmingham will be released at lease expiry later this year. Boston Fieldgate advise Cherwell on their property interests and following an extensive search to identify possible options identified the new premises in Wednesbury and negotiated the lease terms.

Whites take No 1

Unit 1 Alvis Works resized for brochure

Whites Cars & Motorcycles have taken a 2 year lease on Unit 1 Alvis Works comprising 1,542 sqft on the Common Lane Estate in Kenilworth at £7,200pa. Boston Fieldgate advised the landlord.

Banging the drum for the West Midlands

In May, the West Midlands will get an opportunity to vote for its first ever West Midlands Mayor. Time will tell as to how successful this concept will be but I rather hope that turnout is somewhat better than for, say, the West Midlands Police Commissioner.

And there is a big job to be done. Which is why I have just written to each of the mayoral candidates to urge them to “take our region’s message” to London. You may not be surprised to learn that this particular property adviser is urging the successful candidate to encourage more businesses in the south-east to relocate to the Greater Birmingham area.

It would be good for us all.

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