Property description
- B8 Real Estate were appointed joint agents on this un-refurbished warehouse having been bought from LPA Receivers.
- We worked closely in conjunction with the asset and project managers to identify appropriate refurbishment works required which resulted in a capital expenditure project of circa £500,000.
- As part of our proactive market strategy we approached the adjoining occupier, Howard Tennens, who were potentially seeking additional space on behalf of their customer, Bentley Motors.
- Following detailed discussions and letting was concluded on a 10 year term at a headline rental of £3.35 per sq ft which saw a purchase, significant refurbishment and letting all concluded in just over 12 months.