Bromwich Hardy have been successful in securing the investment sale of a 6,000 sq ft headquarters office building in Leamington Spa for a national client.
5 Jephson Court, originally vacant only back in early 2017 is now fully let to major european company Rosti Automotive who are a long established designer and manufacturer of precision components and assemblies for the Automotive Sector.
Bromwich Hardy, involved from the start of the project, successfully secured a ground floor tenancy with Rosti and later negotiated and secured their first floor expansion not long after early 2018.
The investment sale to a private investor via their pension fund completed recently at a price of £1.2m which after standard acquisition costs equates to a 7.51% yield for the buyer.
Tom Bromwich said “This has been an exciting project to work on over the last 12 months and we’re delighted with the result for our client. This investment sale amongst several others we are dealing with at the moment shows that despite current unsure economic times, quality tenanted buildings are an always sought after asset for investors. We are also currently dealing with a neighbouring building, Unit 3 which could make another fantastic office headquarters or investment for the right tenant or buyer and I’d welcome any interested parties to get in touch.”
