Commercial property prices have taken off in south Warwickshire with investors and owner occupiers in competition, keen to acquire premises across the region where choice is very limited.
“There are clear signs that optimism has returned to the market,” said Simon Hain, a director of Leamington-based property consultants ehB Commercial. “The south Warwickshire market is very tight on supply and we are now beginning to see rising prices and rents. On a number of schemes we have seen buildings sold off plan.
“The business community has regained some confidence in the economy and we are now seeing strong demand for local property. For example, all 14 Village units at Cygnet Court business park on the outskirts of Stratford have now been sold, the last six having been bought for investment very recently.”
Cygnet Court is a new-build development of self-contained offices in a courtyard off Timothy’s Bridge Road. The last six units were part of a portfolio acquired by the Stratford-upon-Avon Development Partnership, have now been acquired by Scott Blake of ehB Commercial for a private investor.
Other signs of rising demand include all 14 freehold units on Trident Park, the latest development on Warwick’s Tachbrook Park, being snapped up, and units on St George’s Business Park, also in Warwick, selling within just a few weeks of the site being marketed.” said Mr Hain.