Property investment firm Kingsbridge has purchased a mixed-use industrial property in Bedford for approximately £4 million, adding to its portfolio of income-generating assets with redevelopment potential.
The acquisition comprises Regent House on Woburn Industrial Estate, a 38,512 sq ft office and production building situated on 2.53 acres. The property is fully tenanted by four occupiers and generates £469,000 in annual rental income.
Investment metrics
The transaction reflects a net initial yield of 11% and a capital value of £104 per sq ft. The site is located at the junction of the A421 and A6 within the Oxford-Cambridge High Tech Arc.
Greg Lukasiewicz, investment director at Kingsbridge, said the acquisition aligns with the company’s strategy of acquiring income-producing assets with longer-term redevelopment potential.
Location context
The site is positioned directly opposite a 476-acre site proposed for development as a theme park by Universal Destinations & Experiences Ltd, though no timeline for that project has been confirmed.
Kingsbridge engaged Freeths and Parkdales’ Anthony Friedman as advisers on the transaction. The vendor was represented by BCM Chartered Surveyors.
The acquisition forms part of Kingsbridge’s investment approach targeting assets that combine immediate rental income with future development opportunities, particularly in areas subject to infrastructure and regeneration proposals.