Investment Sale, Royal Wootton Bassett
Following last year’s successful sale of the operating business, GKRE has now completed the sale of the freehold investment at Lime Kiln House, Royal Wootton Bassett to a Swedish property company for a sum in excess of £1m.
Last December, we announced the sale of the operating business that runs Lime Kiln Business Centre to Regus. That deal involved the business taking a new full repairing and insuring lease on the centr e at a market rent.
The investment has now been sold to a private Swedish property company, keen to buy well-let, secure investments.
As a result, GKRE’S client has fully exited the business and freehold for a sum in excess of £1.25m.
GKRE’s Douglas Green who negotiated the sale of both the limited company and the freehold investment said: “The sale of the freehold investment is the final stage of our client’s planned exit from the serviced office business they ran successfully from the site for more than seven years. We are delighted to have secured an excellent price for the freehold investment following the sale of the business at the end of last year.”
Commenting on the sale of the business last year, Nick Good, the owner of Lime Kiln said: “This has been an incredible journey with a steep learning curve for us. We really couldn’t have achieved any of this without the specialist assistance and industry knowledge of GKRE and our lawyers. Having set up a profitable trading business we felt it important to take it to the next stage whilst retaining our option to either sell or hold onto our cherished asset.”
For enquiries, please call Douglas Green at GKRE on 020 3427 5678