The expansion of a Lincoln-based financial planning services firm and its plans for further business growth have prompted its relocation to new office headquarters at Riverside Enterprise Park in Saxilby.
Almond Financial has acquired standalone premises of 5,062 sq ft through the agency of BTG Eddisons – who were instructed in the sale on behalf of the fixed charge receivers (FCRs) within BTG Eddisons Asset Advisory and Restructuring Team in disposing of the property.
Formerly based at offices at The Point, Lincoln since 2018, Almond Financial has more than doubled its headcount within the last 12-16 months. In seeking new premises the firm needed offices which could not only fulfil its current pace of growth, but also accommodate future expansion.
Almond Financial saw the building at Riverside Enterprise Park as offering the size, location and a blank canvas opportunity for what it describes as a ‘statement’ building in providing more office space for its current staff team – and any additional staff as the business grows – as well as space in which to host clients, guests and events.
While previously known as Metro House, reconfiguration and fit out of the main office space saw Almond Financial relocate to relaunch its new headquarters as Unit 1, Riverside Court last month (April).
Speaking about the move to the new headquarters, Sam Robinson, Principal, Director, Almond Financial, said, “We have a vision for the building. It allows for a fully Almond-branded space, room for more offices, a dedicated boardroom and more open space – all of which provide a welcoming working environment for our staff, clients and guests
“It also gives us a strong proposition for future growth, including the option to transform what was formerly warehouse space in the building’s original configuration.”
Riverside Enterprise Park, Saxilby is a modern commercial scheme by Castle Square Securities and Stirlin Developments Ltd on which BTG Eddisons remains as an active agent on a number of instructions.
While the final sale price achieved in this latest deal is not disclosed by BTG Eddisons, Will Wall – who led the agency in the sale – confirms that the building was marketed at a guide price of £650,000.
He added, “Riverside Enterprise Park has fast become an established business location for national operators as well as home-grown Lincoln successful businesses such as Almond Financial.
“As Metro House, the property was custom-built for the previous owner-occupier whose business had more of an industrial profile. However, as a forward thinking business, Almond Financial obviously saw the potential of the building’s office offer now, as well as the investment value the property offered for future-proofing the firm’s property requirements as the business continues its successful expansion.”
