Lion Court, Bordon - Investment/development site acquisition

Curchod & Co acquired this 9 acre site with 26,000 sq.ft. of industrial/warehouse accommodation, laboratory and office space in Bordon, Hampshire. Read more about the process we undertook to secure the premises for our client and secure a pre-let before the sale completed.

The challenge

Curchod & Co identified Lion Court, Bordon as an attractive investment and development opportunity.  The site which comprises 26,000 sq.ft. of existing industrial/warehouse, laboratory and office accommodation together with 9 acres of grounds, parking etc had recently been vacated by Fresenius Cabi a German pharmaceutical company.  The site was being quietly marketed for sale and Curchod & Co introduced the property to our long standing client, Lamron Estates Limited and T A Fisher.

Curchod & Co undertook a development appraisal which identified Lion Court as being an attractive potential investment with significant development potential.  Following lengthy negotiations, a deal was struck to purchase the site at a discount to the market value.

As soon as solicitors were instructed Curchod & Co implemented a marketing campaign to secure new tenants for the three vacant buildings.  This involved identifying businesses who we thought might be interested in renting some or all of the buildings.  This marketing campaign identified Richers & Vision as a potential tenant and following negotiations terms were agreed for this party to lease the full 26,000 sq.ft. of vacant buildings.

Our approach

Curchod & Co’s forensic knowledge of the local market enabled the client to include a pre-let on 26,000 sq.ft. of labs, industrial and offices prior to completion of the site purchase.  They are now working with the freeholder to obtain further planning consent for business units within the grounds and a planning application will be submitted very shortly.

The result

Curchod & Co successfully secured this 7 acre, 26,000 sq.ft. industrial/warehouse, laboratory and office site on the outskirts of Bordon, Hampshire.  A new full repairing and insuring lease was signed with Richers & Vision for a term of 15 years which effectively derisked the purchase providing our client with an attractive yield from day one.

Hopefully planning consent will be obtained for further business units within the grounds which will generate further returns for our delighted client.

 

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JUST SOME OF OUR HAPPY CLIENTS

Having worked on both sides of the fence with and for Curchod & Co I can confirm that they run an efficient, friendly business and are very experienced and tenacious.



Helen Hill – Solve Planning Ltd

We have developed excellent working relationships with Nick at the team over the last 20 years.  They provide excellent advice and are very knowledgeable of the market.



Lewis Trevellyan – Trevellyan Developments Ltd

Huge thanks to David Bowen for his unwavering commitment to the Henley Business Park scheme from the outset ensuring a highly successful and profitable development.

Nick Kay – Development Director, St Modwen PLC

Curchod & Co have represented QinetiQ to market the Cody Technology Park since 2009 and during this time have consistently delivered a high level of service.



Philip Holmes – Senior Estates Survey, QinetiQ