Vehicle leasing finance company acquires headquarters office building

A 5,500 sq ft Bromsgrove headquarters office building has been sold to a Droitwich-based vehicle leasing finance company.

Acting on behalf of a private investor, Charlie Green, commercial negotiator at GJS Dillon, sold Abberley View at Saxon Business Park to Gateway2Lease at a guide price of £625,000.

Working with specialist leasing finance companies and dealerships, Gateway2Lease is a credit brokerage which specialises in car, pickup and van leasing finance for individuals and for businesses.

Green said: “Buyers can acquire commercial property at lower rates than the cost of renting, so freehold office accommodation in Bromsgrove, and throughout Worcestershire, remains highly sought after by business owners and companies looking to acquire their own premises, often via a directors’ pension scheme.

“With interest rates remaining low and banks willingness to lend, this is a trend which will continue, although freehold prices remain under upwards pressure as a result of the shortage of available stock and high demand which benefits sellers.”