Montracon Ltd, advised jointly by Savills and Lambert Smith Hampton, has sold the freehold of the former Montracon manufacturing site in Swadlincote, South Derbyshire to F Brazil Reinforcements Ltd. The property was marketed at a guide price of £3.5 million.
Set across circa 12 acres (4.84 hectares), the facility comprises a number of industrial and office buildings totalling 163,303 sq ft (15,171 sq m). The sale to one of the UK’s leading manufacturers and suppliers of steel reinforcement products will help aid the firm’s expansion as it continues to fulfil its contracts in relation to the ongoing HS2 project.
Following the completion of the sale, Montracon has relocated the Woodville business to a nearby site off Occupation Lane and continue to have an active presence in Swadlincote.
Ian Muxlow, director in the commercial team at Savills Nottingham, comments: “The sale of the former Montracon site provided the purchaser with the opportunity to acquire an extensive manufacturing facility in an excellent location offering good links to both the A42 and J22 of the M1. The site generated significant interest from a wide range of buyers, including commercial occupiers, investors and developers, indicative of the current strong demand for freehold industrial opportunities in the Midlands, which enabled us to secure an excellent outcome on behalf of our client.”