Ground Up take 9b

 

Ground-up Property ltd who provide a nationwide property maintenance service has just completed a lease on the 5,530sqft warehouse / office building – Unit 9b owned by the Meacham Adams Pension Fund on Princes Drive Industrial Estate in Kenilworth. The unit will be home to the business to enable further expansion of its services and has been taken on a 5 year lease. Boston Fieldgate negotiated the letting on behalf of the landlord.

Budget yard renewal

Budget Timber & Building Supplies Ltd have just renewed their lease for a further 10 years on the yard and premises at Terry Road in east Coventry. The site extends to circa 0. 43 Acres with offices / sales counter/ warehouse and storage of circa 2,600sqft. Boston Fieldgate advised the private client landlord on the renewal.

Newton Close sold

As part of a co-location programme SOCOTEC UK ltd are relocating their Daventry Depot to a recently acquired site in Coventry. The Daventry facility offers 9,530sqft over ground floor and mezzanine levels with a fenced / secure yard on a site of 0.41 acres on Newton Close on the Drayton Fields Industrial Estate Daventry. The company advised by Boston Fieldgate have sold their freehold interest in the building and taken a 6 month lease back.

SOCOTEC take Coventry warehouse & yard

 

As part of a co-location exercise SOCOTEC UK Ltd had just signed a lease on Site B Leofric Business Park in Binley, Coventry. Just off the A46 the site extends to circa 3.4 acres and the main warehouse / production space and offices extend to circa 47,500 sqft. The property has been fully refurbished by the landlord as part of the agreement. The company have signed up to a 15 year lease on the building and their operations in Southam and Daventry will be moving to the site later in the year. Boston Fieldgate advised SOCOTEC on the search for premises, options reviews and then negotiating the lease terms.

6c keeps Training

The London & North West Railway Society have extended their occupation of their office space Unit 6c Princes Drive Industrial estate by lengthening their lease through to 2031 to facilitate them securing funding to undertake further fit out and upgrade works to the unit. Boston Fieldgate advised the landlord in these negotiations.

Peacocks Kenilworth investment sold

 

KRES Ltd have just completed their sale to Lever Arch Investments of their mixed use – retail and residential investment at 34-40 Warwick Road in central Kenilworth, The 4,626sqft  ground floor retail  unit is let to Peacocks Stores Ltd on a  5 year lease from May 2029 at £44,000pa and the 17 new build 1 and 2 bed apartments above are paying £4,250pa in ground rents. The sale price reflects a net yield after costs of just over 7%. Boston Fieldgate negotiated the renewal terms with Peacocks in 2019 and negotiated the investment sale on behalf of KRES.

Alvis Works attract & retain

This 8 unit development of warehouse / workshop and office space on the Common lane in Kenilworth continues to provide a home for businesses seeking value for money accommodation in an accessible location. Whilst the landlord has taken back for their own occupation units 1/2/7 Boston Fieldgate have negotiated lease renewals on unit 3b /4/5/6 with the existing occupiers and have let Unit 8 a single storey office building of just over 1,000sqft to Charles Peters Ltd.

LightwaveRF takes more

Following taking a lease on Laboratory space in the autumn of 2019 [See Assay Secures LightwaveRF below] at the Birmingham Assay office in Birmingham’s Jewellery Quarter  they have now taken a further 2,497sqft of offices on a co terminus lease. Boston Fieldgate advised the Birmingham Assay Office on the letting.

Princes secure Premium

Princes Drive industrial Estates secures a premium. Premium Art Brands Ltd have taken a 5 year lease on the 1,862sqft Unit 13c on a 5 year lease. The company offers professional quality, premium, niche art material products to business trade accounts and has taken a 5 year lease and have relocated from  Warwick. Boston Fieldgate advised the landlord and negotiated the lease terms.

New tenants at 47 Warwick Road

2 new businesses have taken space close to the heart of Kenilworth’s retail area and near to Waitrose. No.47 Warwick Road has been let to Mr & Mrs Betts on a 5 year lease for an antique shop selling period furniture, crystal and much more. 47a has been taken on a 5 year lease by Hollow Grind as a barber’s shop. Boston Fieldgate acted for the freeholder – a private investor client and negotiated both lettings.

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