Month: August 2026

Wareing and Company Secure New Lease for Benford Court Office and Distribution Hub

Posted on by Nancy Gregory

Wareing and Company are delighted to announce the successful letting of 2 Benford Court to Mohawk’s Cycles, who will be utilising the premises as a dedicated office and distribution hub.

 

Jon Blood of Wareing and Company advised on the letting, securing a successful outcome for the landlord and introducing a strong occupier for the well-positioned commercial unit.

 

The location provides an ideal base for Mohawk’s Cycles, offering a strategically located facility to support their operations, with excellent connectivity and a central UK position allowing efficient management of their office and distribution requirements.

 

The transaction highlights the continued demand for well-located commercial premises and Wareing and Company’s ability to match occupiers with the right property solutions through proactive advice and market knowledge.

 

Jon Blood commented: “We are pleased to have completed this letting and secured a tenant whose operational requirements are a strong fit for Benford Court. The property provides an excellent platform for Mohawk’s Cycles to continue developing their business and distribution operations.”

Wareing & Company’s Summer 2026 Warwickshire Commercial Property Market Update

Posted on by Nancy Gregory

Opportunities Emerging in a Changing Market
The commercial property market across Warwickshire continues to demonstrate resilience despite wider economic uncertainty. While higher borrowing costs and cautious investment sentiment have slowed activity in some sectors nationally, demand for well-located commercial premises throughout Leamington Spa, Warwick, Kenilworth, Stratford-upon-Avon and Coventry remains encouraging.

 

At Wareing & Company, we are continuing to see businesses planning for growth, investors seeking quality opportunities and developers looking to unlock value from strategically located sites. Although the market has undoubtedly become more selective, there are positive signs for those prepared to take a long-term view.

 

Industrial Property Remains the Standout Performer
Industrial and warehouse accommodation continues to be Warwickshire’s strongest-performing commercial property sector.

 

The county benefits from its central location within the UK’s motorway network, with excellent access to the M40, M42, M6 and wider Midlands logistics corridor. This continues to attract manufacturing, engineering, distribution and technology businesses looking for modern, efficient premises.

 

Demand for high-quality industrial units, particularly those ranging between 2,000 sq ft and 25,000 sq ft, remains robust. Modern units offering good energy performance, generous yard space and strong transport links continue to command competitive rents and attract multiple interested parties.

 

Supply, however, remains constrained, particularly for freehold opportunities, which continues to support both rental growth and capital values.

 

Offices Are Evolving Rather Than Declining
While hybrid working has reshaped the office market nationally, the picture in Warwickshire is considerably more positive than many headlines suggest.

 

Businesses are increasingly focused on quality over quantity, seeking modern, flexible office accommodation that helps attract and retain staff while providing an environment that supports collaboration.

 

Well-presented town center offices in Leamington Spa and Warwick continue to perform well, particularly those that have been refurbished to a high specification and offer excellent accessibility, parking and strong sustainability credentials.

 

Conversely, older office stock requiring significant investment is seeing increased interest from developers exploring alternative uses, particularly residential conversion where planning policy allows.

 

Retail Continues to Adapt
The retail market has undergone significant change over recent years, but successful locations continue to thrive.

 

Independent retailers, cafés, restaurants, health and wellbeing operators and specialist service providers are helping to reshape many Warwickshire high streets. Rather than competing directly with online retail, successful occupiers are focusing on customer experience and convenience.

 

Prime locations continue to attract occupier interest, while landlords who invest in improving the quality and flexibility of their premises are generally achieving stronger occupancy levels.

 

Development Land Still Attracts Interest
One of the most encouraging aspects of the local market is continued demand for strategic development opportunities.

 

Whether for employment land, mixed-use schemes or residential-led development, developers remain actively seeking sites with long-term potential. Landowners are increasingly recognising the value that can be unlocked through strategic planning advice and promotion.

 

Warwickshire’s strong economic fundamentals, growing population and excellent transport connections continue to make the county an attractive location for future development.

 

Investment Market Becoming More Selective
Commercial investment activity has become more measured over the past 12 months, largely due to higher financing costs and changing investor expectations.

 

However, quality assets with secure income streams continue to attract strong interest from private investors, family offices and pension-backed buyers.

 

There is also growing demand for value-add opportunities where investors can improve buildings through refurbishment, energy efficiency upgrades or lease restructuring to enhance long-term returns.

 

Nationally, transaction volumes remain below historic averages, but industrial and retail assets have shown greater resilience than the office sector, with investor confidence gradually improving as borrowing costs stabilise.

 

Looking Ahead
As we move through the remainder of 2026, confidence appears to be improving gradually across much of the commercial property market.

 

Occupiers remain active, investment appetite is strengthening for the right opportunities and demand for quality industrial accommodation continues to outstrip supply.

 

Warwickshire’s diverse economy, highly skilled workforce and strategic location place it in a strong position compared with many other parts of the UK. While market conditions require realistic pricing and expert advice, opportunities continue to exist for landlords, occupiers, investors and developers alike.

 

At Wareing & Company, our local market knowledge and long-established relationships enable us to identify opportunities before they reach the wider market. Whether you are considering selling, letting, acquiring, investing or developing commercial property across Warwickshire, our experienced team can provide practical, commercially focused advice tailored to your objectives.

 

If you would like an up to date appraisal of your commercial property or would like to discuss current market conditions, contact Wareing & Company for a confidential conversation with one of our commercial property specialists

Wareing and Company Achieve Record Sale for Freehold Office Property in Leamington Spa

Posted on by Nancy Gregory

Wareing and Company are delighted to announce the successful sale of 34 Hamilton Terrace, Leamington Spa, achieving a new record price for a freehold commercial office property in the area.

 

The property attracted significant interest following its launch to the market, with Jon Blood of Wareing and Company inundated with enquiries from a wide range of prospective purchasers. The level of interest demonstrated the continued demand for well-located freehold office opportunities in strong regional markets.

 

Jon provided expert advice to the client throughout the process, carefully assessing the numerous offers received and advising on the most suitable purchaser and terms to achieve the best possible outcome.

 

Following a competitive marketing campaign, the property was successfully sold to a private individual at a record-breaking level, achieving £360 per sq ft, a new benchmark for this type of commercial office asset in Leamington Spa.

 

The vendor was delighted with the result, which reflects Wareing and Company’s ability to generate strong market interest, provide clear strategic advice, and deliver exceptional outcomes for clients.

 

This landmark transaction further reinforces Wareing and Company’s reputation for successfully handling commercial property disposals and maximizing value through a proactive and tailored approach.

Wareing and Company Secure Sale of 17 Trinity Street Following Successful Redevelopment Marketing Campaign

Posted on by Nancy Gregory

Wareing and Company are pleased to announce the successful sale of 17 Trinity Street, a prominent local site offering a potential redevelopment opportunity.

 

The property, which had been occupied as a tile showroom, was brought to the market following the tenant company entering administration. Recognising the potential of the site, Wareing and Company provided strategic advice to the vendor on a range of possible future uses, including both commercial and residential redevelopment options.

 

The opportunity generated significant interest from a variety of parties, reflecting the strong demand for well-located sites with development potential. Following a competitive marketing process, interested parties were invited to submit their best and final offers.

 

After careful consideration, the property was secured by a special purchaser with plans focused on residential redevelopment. The vendor was delighted to proceed with the sale, which was successfully concluded at a level price and completed promptly.

 

Wareing and Company’s expertise in identifying opportunities, advising on alternative uses, and managing competitive disposal processes ensured a successful outcome for all involved.

 

The transaction highlights the continued demand for well-positioned local assets and Wareing and Company’s ability to deliver results through proactive advice and tailored marketing strategies.

Well Established Leamington Spa Manufacturing Company Acquires Additional Premises

Posted on by Nancy Gregory

On behalf of The Box Factory Limited, Wareing & Company have acquired 50,000 sq ft of storage and distribution space at Burnt Heath Farm, Southam, Warwickshire, on a 5 year lease at a rent in the order of £290,000 per annum.

 

The building has been long established for distribution use, and it is located close to The Fosse Way (approximately 3 miles from Leamington Spa).

 

In addition, Wareing & Company have disposed of The Box Factory’s lease in respect of premises at Highdown Road, Sydenham, which comprises c. 11,000 sq ft, to Tungsten Engineering. The passing rent was £100,000 per annum with approximately 3 years remaining on the existing lease.

 

Neil Price, the Managing Director of The Box Factory, said “We are delighted to expand our presence locally acquiring larger and well-located storage premises.” Joe Williams of Tungsten Engineering commented “Having been based on Heathcote Industrial Estate for many years, we have now expanded into these premises in Highdown Road in order to assist the continued expansion of our business.”

 

Bill Wareing of Wareing & Company said “The Box Factory are now the largest manufacturing company within Leamington Spa and continue to consolidate and grow their very successful business. I am delighted to have been of assistance having acted for The Box Factory for over 30 years.”