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Rugby, Warwickshire

Project summary

  • Fisher German instructed to sell 191,903 sq ft on 10 acres.
  • Property comprised four buildings and associated yard and parking areas.
  • Two buildings were vacant with our client proposing a leaseback on the other two buildings.
  • Site was very well located being within 2 miles of the M45

Solution

  • Structured leaseback terms for our client ahead of preparing the opportunity for the market.
  • Prepared schedules of condition for both leases.
  • Undertook a marketing campaign targeted at investors, developers and occupiers.
  • Identified a London-based E-Commerce business seeking to relocate to the Midlands.
  • Negotiated terms for the sale and leaseback.

Benefits

  • Client achieved a substantial capital receipt which they could reinvest back into the operational parts of the business.
  • Their occupation of necessary parts of the property was secured on sensible market terms allowing them to remain and to retain skilled jobs.
  • Their long term exposure to costs of repair was mitigated through the production of comprehensive condition schedules.
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