Office deal completed after industrial unit hat-trick

Commercial property consultancy Kirkby Diamond is celebrating the sale of an office building at a Bedfordshire site where it recently completed a quick-fire hat-trick with the sale of three industrial units.

The latest deal involves Project House – a 3,854 sq ft two-storey office building at Cradock Road Industrial Estate, in Luton, which has been acquired by a local building firm in an off-market sale. The property was previously marketed on a leasehold basis.

Lyanne Jacob, agency surveyor at Kirkby Diamond acting on behalf of private investors, advised on the sale.

She said: “We won the Project House instruction after a private investor saw the success we had enjoyed in selling three industrial units on the estate. To now complete the sale of the office building, bringing the total to four properties disposed of in just six months, is a great achievement for our agency team and means we have recently sold more than 30,000 sq ft of space on the site.”

She added: “Our firm was instructed on all four properties after they had been on the market for some time without a successful disposal. We are pleased we could get the right results for our clients. The quick succession of sales highlights the strength of our team in the area.

“The building firm had been seeking premises to buy for several months without success. It was an outside-the-box strategy that met the needs of all parties. It is important to exercise initiative and adapt to a changing market. We pride ourselves on being driven, proactive and understanding our clients’ needs.”

Earlier this year, a precision engineering company acquired a newly refurbished freehold unit, with loading access, open plan warehouse space, and offices, at the popular site.

Two adjacent freehold industrial units, totaling 16,107 sq ft, with a secure yard, were acquired by windows and doors manufacturer Perfect Crystal. The expanding company also has a base at Park Royal in London.