Commercial property investor and developer Kingsbridge has acquired a mixed-use asset on a 2.5-acre site in Bedfordshire, securing future income and providing potential long-term development opportunities.

Kingsbridge has acquired Regent House on Woburn Industrial Estate in Bedford – a 38,512 sq ft office and production building situated on a site of 2.53 acres. The investment 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.

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.”

The location is in the centre of the Oxford-Cambridge High Tech Arc, at the junction of the A421 and A6, and directly opposite a 476-acre site which is proposed to be developed into a theme park by Universal Destinations & Experiences Ltd.

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

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