Commercial agents at Harris Lamb have sold a Kidderminster warehouse to a global freight firm for more than £1m.
Acting for Shams UK Ltd, the business was instructed on units 13 and 14 Oldington Trading Estate, a well-positioned and specified opportunity.
Sited two miles away from both Kidderminster town centre and Stourport on Severn, the 14,548 sq ft property is conveniently located for the M5 and M42, providing easy access to the wider national motorway network.
The location and specification of the building attracted strong interest, with owner occupiers, established freight and logistics business RIV Worldwide Ltd, purchasing the property on a long leasehold basis for £1,175,000.
Sara Garratt, who oversaw the sale and acted jointly with G Herbert Banks, said: “The modern double bay warehouse benefitted from LED lighting, first floor offices and also offered dedicated parking and a secure, gated loading area.
“With the estate being close in proximity to various amenities, including a 24/7 Gym, Aldi and Costa, as well as its proximity to the motorway network, it was an ideal fit for any business requiring good national road links.
“RIV Worldwide Ltd, which provides customised warehousing, distribution and road haulage services via a fleet of vehicles operating throughout the UK, Europe and the US, was seeking a central UK site to add to its network of properties. This modern opportunity ticked all of the organisation’s boxes, and the deal was quickly agreed. The business is now in occupation.”
