From this page you can learn about our latest deals, instructions, market commentary, what we get up to outside work and much more.....

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.

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