11th February 2015
Double investment transactions at Lakeside Business Park, Gloucestershire
Acting jointly and on behalf of retained clients, property consultants Alder King and Wells Commercial have successfully disposed of the multi-let office investment of Units A7 – A10 at Lakeside Business Park near Cirencester. The freehold of the 8,500 sq ft terrace has been sold to a private investment company for an undisclosed sum.
The Cotswold stone-clad property was fully let to three tenants – specialist recruitment company Hudson Banks LLP, industrial manufacturer Socomec and LF Spare Parts by way of full repairing and insuring leases.
Elsewhere on the Business Park, Alder King and Wells Commercial have also sold the long leasehold interest of Unit 6 to existing occupier Hudson Banks LLP for an undisclosed sum.
The office unit, originally built in 2007 and subsequently extended to circa 2,150 sq ft, will facilitate the expansion of the accountancy recruitment agency which counts many of the UK’s leading accountancy practices as clients.
Martin Baker of Alder King’s Swindon office commented: “Interest in both opportunities at Lakeside Business Park was strong from both the investor and occupier sectors of the market. The successful disposals only serve to reinforce the continued improvement in the commercial property market.”