Companies searching for a new distribution hub in the heart of the West Midlands have been given a wake-up call by leading commercial property landlords London & Cambridge Properties (LCP).
A 51,305 sq ft good quality warehouse unit – which was the national distribution headquarters for beds company Dreams – has become vacant following the furniture firm’s departure after going into administration earlier this year.
The unit, at the Woods Bank Estate, Wednesbury, has four level access doors and a large secure yard. The estate has recently benefited from £500,000 investment works including upgraded roads and improved lighting.
Andrew Preston, industrial property manager at LCP, said: “The market for good quality distribution units of this size is very good and it is well documented that there is a dwindling supply.
“This is an excellent opportunity for companies searching for a distribution headquarters in the heart of the West Midlands and we expect there to be significant interest.”
The property is located in a well-established industrial area with access via Woden Road West, which links to Darlaston Road and the Black Country New Road. There is easy access to the motorway network via junction 9 of the M6. Walsall (four miles), Wolverhampton (six miles), and Birmingham (nine miles), are all within easy reach. Major tenants on the estate include Zoggs (21,259 sq ft), and Balfour Beatty (117,358 sq ft.
Industrial and warehouse properties in the LCP portfolio total in excess of 11 million sq ft. A high proportion of its industrial property is located in the West Midlands including the flagship 2.3 million sq ft Pensnett Estate in Kingswinford, which is one of the largest secure industrial estates in Europe. Properties are located throughout the UK in key locations such as Liverpool, Bristol, Sheffield, Derby and Milton Keynes.
LCP is one of the UK’s largest private owners of industrial, retail and office property to let, managing a portfolio in excess of 14 million square feet of commercial property across the UK, which is held for long term investment purposes. It uses its intensive management approach to enhance returns and maximise asset growth. The group is committed to further expansion by acquisition and development of quality commercial property to rent in key UK locations.