2 Hawkes Drive, Heathcote Lane, Leamington Spa

In November 2013 Ducalian Capital acquired a 22,000 sq ft freehold industrial warehouse in Royal Leamington Spa, Warwickshire for £1,250,000.

The location was particularly attractive due to its affluent demographic, proximity to Warwick University and lack of competition.

Investment Highlights

Structure                             Enterprise Investment Scheme

Following advice from RPS Group, Ducalian Developments submitted a change of use planning application which was granted prior to completion. Ducalian Developments successfully developed the warehouse into a high quality storage facility.

The investment strategy was to increase the estimated rental value of the property from £100,000 per annum at acquisition to an EBITDA of £537,585 in year 5. 

Ducalian Developments also identified a further 2,000 sq ft of income generating space in the rear service yard that could potentially generate £50,000 - £60,000 in additional revenue.  

Forecasts are not a reliable indicator of future results