£3.2 million off-market deal shows strength of market
Bromwich Hardy founding partner Tom Bromwich says the commercial investment market continues to show strength — after securing a £3.2 million off market sale.
Tom acted for the vendor in the deal for the 15,750 sq. ft. site at Juno Drive in Leamington Spa and says it is evidence of continued investment interest in the market.
It is the latest in a series of multi-million investment deals Tom has been involved in, and he says there is no sign of a slowdown in the market in the immediate future.
“This is an excellent deal for both the vendor and the purchaser. The site is home to MKM Building Supplies who is only a handful of years into a 20-year lease. The site and its location are both excellent and will continue to provide a return on the purchaser’s investment for many years to come.
“There is still plenty of appetite among investors for these sorts of deals and I would not expect that to change for the foreseeable future. Good commercial property remains an excellent proposition in the current market, offering both healthy returns and confidence for investors.
“We have a number of other similar deals in the pipeline and will continue to use our expertise and experience to help bring them to fruition. That is why we are now leading the way in national and regional tables for the scale of the deals we are doing, outperforming many much larger agencies.”
Nick Wood at Savills acted for the purchaser.