Investment – Bridgestone House: Leamington Spa

Purchase Price: in excess of £2m

Acting on behalf of a private client, Harris Lamb’s Investment team negotiated the purchase of Bridgestone Tyres headquarters in Leamington Spa for an undisclosed seven-figure sum.

With an asking price of £2,750,000, the 13,716sq ft property on Tachbrook Park is let to Bridgestone UK Ltd on a Full Repairing & Insuring lease passing rent is £220,000 per annum. The lease has an expiry date of September 2027, with a tenant only break option on 28 September 2022.

In addition to its established client on a long-term lease, the building also benefitted from planning permission for a two-storey extension of 4,606 sq ft together with an additional 24 car parking spaces at the site.

SERVICES

  • ADVICE ON ASSET CLASS
  • BROKERAGE
  • INVESTMENT & BROKERAGE SERVICES
  • CASH FLOW ANALYSIS
  • FUND COMPOSITION AND STRUCTURING
Related Services
Related Articles

DERBY WAREHOUSE SOLD TO INTERNATIONAL INVESTMENT FUND FOR OVER £9MILLION

Harris Lamb’s Investment team has sold a Derbyshire warehouse for more than £9million to an international investment fund. Gilbert House, a bespoke 108,000 sq ft distribution facility on Denby Hall Business Park in Derby, was built and fitted out for Lockwood Haulage further to a pre-let last November. Acting… Read More
29
October
2019
News
Read more

HARRIS LAMB ACQUIRES DERBY OFFICE BUILDING FOR PRIVATE INVESTMENT PORTFOLIO

Investment specialists at Harris Lamb have acquired a Derby office building on behalf of a private client for more than £1.4million. The team was tasked with identifying a suitable office investment to complement an existing portfolio of Midlands properties, and further to a competitive bidding process overseen by Innes… Read More
23
October
2019
News
Read more

This website uses cookies to improve your experience.