Bromwich Hardy has acquired a significant investment property in Leamington Spa.
Acting on behalf of a Warwickshire-based investor, a freehold trade counter unit on the Tachbrook Business Park was acquired on the 22 November 2024.
The building, currently configured as a trade counter and warehouse unit, extends to approximately 15,857 sq ft plus a mezzanine floor of around 2,757 sq ft. It has three roller shutter doors leading to a large secure concrete yard.
Tom Bromwich, managing partner of Bromwich Hardy, said: “The industrial property investment market is strong at present as investors seek a secure home with solid returns for their funds.
“The speed with which we were able to complete the acquisition is testimony to the strength of the West Midlands industrial market”.
He said the location, 1.5 miles south-west of Leamington Spa and three miles from Junction 14 of the M40, was a significant factor in attracting the investor’s interest.
The area is popular with business seeking trade counter premises, with neighbours including Screwfix, Toolstation, City Plumbing and Travis Perkins.
The vendor was advised by Richard Lingen from the Savills Birmingham Investment team, with legal advice from Terry Minor of law firm Legal Clarity, also in Birmingham.
Robert Meadows at Otley law firm Newstead & Walker acted for the purchaser.