Leamington company negotiates £5.6 million sale of large warehouse and office site in the town
Leamington property consultants Wareing & Company has successfully negotiated the surrender of a lease and subsequent 5.6 million sale of a 45,000 sq ft warehouse unit with extensive offices in the town.
The property, at 5 Apollo Way, Tachbrook Park, which was previously occupied by automobile firm Grupo Antolin, has been bought by CEWE Limited – a German-based provider of commercial photographic services across the UK and Europe.
CEWE will relocate from its current premises at 4 Spartan Close, also in Tachbrook Park, to the new building next year.
Bill Wareing of Wareing & Company, who led negotiations on behalf of the landlord, said: “CEWE had been seeking freehold opportunities in the Warwick district for a number of years and have made a commitment to secure these premises in an off-market deal well in advance of their current lease expiry.”
Noyes Lewis Commercial Property acted on behalf of CEWE in connection with the transaction.