Investment Case Studies

Nelson House, Solihull

Acting on behalf of a private client, Cyril Leonard were appointed to advise on the acquisition, asset management, and then the subsequent disposal of this prime purpose built office located on Blythe Valley Business Park.

The property was purpose built in 2008 totalling 14,792 sq ft and acts as the UK Headquarters for Goodman Logistics and is let to them by way of a 15 year lease from 2008.    

Cyril Leonard advised the client on the acquisition and technical due diligence at purchase of the asset in October 2009 for a price of £3.96 million reflecting a net initial yield of 7.75%.

Cyril Leonard asset managed the property through the hold period including rent, estate service charge and insurance collection as well as advisory services as to the rent review and partial sub-letting by the tenant.

Cyril Leonard were appointed to dispose of the property at the end of the client’s hold period and following a wide marketing campaign the quoting price was exceeded by around £250,000 providing the client with a profit on the original purchase price.

By advising the client throughout the whole process from purchase through to disposal Cyril Leonard managed to provide the client with consistent advice and as such securing a profit on the investment. 

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