The final unit in a development of seven commercial buildings within Glenborough Court, Glenfield, Leicester has been sold by specialist land development and property consultancy Mather Jamie on behalf of Lagan Homes.
The units have been designed and marketed as suitable for new business start-ups in order to meet a gap in the market for small, high quality owner occupier investment opportunities. Occupation of the seven units has also created several new employment opportunities in Glenfield.
The site was originally occupied by Glenborough Engineering. When this business closed, having built an adjacent business park, Cawrey Homes purchased the land and self-funded part of the build. Construction was completed in 2021 and Cawrey Homes was subsequently acquired by Lagan Homes.
The seven two storey units vary in size from 1,238 sq ft to 1,560 sq ft and the businesses occupying the units include professional advisers, electricians, distributors and a wholesales trading business, whilst one of the units is being fitted out to let as an office.
Adrian Regan, land director, Lagan Homes, said: “The units have been expertly marketed over the past year with strong demand from buyers who want to purchase property as an investment within their pension portfolio. Working together as a team we have achieved a great outcome on this exciting new development which complements other business start-up units we have available on Pear Tree Office Park in Ratby.”
Alex Reid, head of commercial, Mather Jamie, said: “High quality units of this size and location are highly sought after and we have worked hard to create the right interest and ensure each sale has completed quickly so that our client can continue to re-invest and create other similar developments.”
Other advisers on the deal included Emma Ali from Shakepeare Martineau who provided legal advice to Lagan Homes.
