Our Industrial team agreed the letting and acquisition of the freehold interest of 21,000 sq ft of space at 17 Boston Road to a major UK retailer. We subsequently let the remaining 36,000 sq ft space to a rapidly expanding manufacturing firm.
Located on the Gorse Hill Industrial Estate, the property was originally acquired on a leasehold basis by the client subject to a lease to Beaujersey Ltd, who subsequently went into liquidation.
21,000 sq ft let to nationwide retailer White Stuff
We were instructed to seek tenants for whole or part of the facility. The client benefited from our in-depth local occupier knowledge and wider regional and national insight, which resulted in the successful letting of 21,000 sq ft of industrial space to White Stuff, a nationwide retailer.
Trifibre Ltd acquires remaining 31,000 sq ft leads to 100% occupation
A subsequent deal for the remaining 31,000 sq ft of industrial space to Trifibre Ltd has resulted in the property being 100% occupied.
Maximising value for client
In addition to the agency disposal advice received by the client, we negotiated the acquisition of the freehold interest, providing the client with long term value and control.
The strength of our regional and national expertise enabled us to secure good quality covenants in the form of White Stuff and Trifibre Ltd.