Booming self-storage firm snaps up HQ building with development potential

A Bedfordshire headquarters-style building has been sold to a major self-storage company, commercial property consultancy Kirkby Diamond announced today.

Paragon House, at Woburn Park Industrial Estate in Bedford, has been acquired by Cinch Self Storage. The 14,500 sq ft high-specification light industrial, storage and office building, which sits on a 1.4-acre site, has changed hands for an undisclosed sum.

Andrew Clarke, agency associate at Kirkby Diamond’s Bedford office, said the prominent property had been acquired by Cinch Self Storage following an extensive and innovative marketing campaign, including the use of a drone ‘fly through’ of the building.

Joint agents Kirkby Diamond and Louch Shacklock were able to bring forward several interested parties including some very attractive offers from owner occupiers, said Andrew.

“I am very pleased to announce that this has resulted in a sale of the freehold interest to Cinch Self Storage to expand its existing sites profile. Paragon House is not only individual but of high quality and offers room for further expansion of around 10,000 sq ft of the built area which was of particular interest to many of the parties who viewed. We would like to wish the company enormous success at its new site,” he added.

Cinch Self Storage started in Oxfordshire in the late 2010s and now has more than 20 sites across London and the south east, with more locations being added soon. Its aim is to take care of all its customers’ self-storage needs, whether they are a domestic or business customer, moving house or looking for new office space.

Andrew Clarke of Kirkby Diamond and Robert Shacklock of Louch Shacklock acted on behalf of the Paragon House owners.