Speedy acquisition deal shows ‘strength of the West Midlands industrial market’

Commercial property agent Bromwich Hardy has snapped-up an investment property in Leamington Spa.

It acquired the freehold trade counter and warehouse unit on Tachbrook Business Park on behalf of a Warwickshire-based investor.

The building is 15,857 sq ft, with a mezzanine floor of 2,757 sq, ft and it has three roller shutter doors leading to a secure concrete yard.

Bromwich Hardy managing partner Tom Bromwich 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.”

The location, 1.5 miles south-west of Leamington and three miles from Junction 14 of the M40, was a key factor in the investor’s interest, he added.

Neighbours include trade counter businesses 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 based in Birmingham.

Robert Meadows at Otley law firm Newstead & Walker acted for the purchaser.