Property developer invests £4m in mixed-use 2.5 acre site in Bedford

Regent House is a 38,512 sq ft office and production building sitting on the 2.53 acre site – and will provide Kingsbridge with rental income of approximately £469,000 per annum.

The acquisition of the asset – which is fully let to four occupiers – reflects a net initial yield of 11% and a capital value of £104 per sq ft

The location is in the centre of the Oxford-Cambridge High Tech Arc, at the junction of the A421 and A6, and directly opposite the planned 476-acre Universal theme park.

Greg Lukasiewicz, investment director at Kingsbridge, said: “We’re delighted to add this strategic investment to the Kingsbridge portfolio. This acquisition is in line with one of our core investment themes of acquiring income-producing assets that have the potential for redevelopment in the longer term. This asset provides us with the ability to provide our award-winning landlord service to the existing occupiers while building a future development pipeline.”

Kingsbridge’s advisors in the transaction were Freeths, and Anthony Friedman of Parkdales. BCM Chartered Surveyors acted for the vendor.

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