A high-specification 20,000 sq ft office in Coventry has been sold in a multi-million pound deal completed by commercial property experts Bromwich Hardy.
The two-storey office site at 1410 Spring Place on Coventry Business Park – previously the home of education regulator Ofqual – has been bought by an as-yet un-named Coventry-based company for a new head office.
Bromwich Hardy partner Michelle Mills said the modern, self-contained offices had generated considerable interest after going on the market six months ago – illustrating the need for more high-quality office accommodation across the city.
“These are superbly-located offices on a dynamic business park on the western edge of the city, offering excellent, up-to-date facilities and transport links and have proved particularly attractive since becoming available.
“The fact that we have seen so much interest reflects the shortage of Grade A stock of all sizes in the city and the wider Warwickshire business environment.
“There is no doubt that there is a lack of modern freehold opportunities for companies looking to purchase their own offices for owner-occupation and we are delighted to have been able to complete such a timely sale for our client, one of the largest privately owned property companies in the UK.”
More than 35 companies are already based on the business park, including The Deeley Group, I-Nexus, Bellaway Homes, Palmer and Harvey, The Village Hotel and national retail outlets such as Sainsbury, McDonald’s, Pizza Hut and Citroen.