An LED lighting manufacturer and a national government organisation have moved into new premises in Bromsgrove thanks to Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon.
Acting on behalf of a private pension fund, Charlotte Green, GJS Dillon’s Commercial Negotiator for North Worcestershire, let units 3 & 4 Saxon Business Park, Bromsgrove to the two new tenants.
Unit 3 , a modern steel portal framed industrial/warehouse building measuring 1,987 sq ft, was acquired by LuxUltra Lighting, a specialist manufacturer of LED lighting, on a new leasehold of 5 years. A national government organisation is now located at Unit 4, a 2,416 sq ft warehouse/workshop with an office and reception area on a new leasehold of 12 years.
Saxon Business Park is one of Bromsgrove’s prime out of town business parks and is approximately 3 miles to the south of Bromsgrove town centre, 6 miles from Junction 5 of the M5 motorway and 4 miles from Junction 1 of the M42.
Mrs Green says: ‘Bromsgrove remains the most in demand location in the county for SME businesses and as these deals demonstrate, commercial accommodation in the town, and throughout Worcestershire, is highly sought after.’
‘As we highlighted in our recently published Worcestershire Commercial Property Market Report for 2020, there is still a severe stock shortage in Bromsgrove which is putting pressure on supply and values. Vacancy rates for small industrial and office units remain low at around 3%, yet it continues to be highly sought after as a business base, for its excellent communications, flexible workforce and lifestyle.’