Demand remains high for Worcestershire industrial space with two sales of 4,000 sq ft units

Unit 4 Woden Court, Saxon Business Park, Hanbury Road, Bromsgrove, B60 4AD, a 3,992 sq ft industrial unit sold to Wakefield-based SPEC Limited for £220,000.

Demand for industrial units in Worcestershire remains strong, as supply continues to tighten, according to Worcestershire commercial property consultancy GJS Dillon Limited, which has sold two industrial units of nearly 4,000 sq ft in Bromsgrove.

Acting on behalf of Hart Bros International, Sandy Macpherson Commercial Negotiator at GJS Dillon, has sold the freehold of Unit 2 Warwick Court, Saxon Business Park, Stoke Prior, Bromsgrove, B60 4AD, to Buildrandon Ltd for £238,500.  Unit 2 is a 3,727 sq ft modern purpose built industrial/warehouse unit.

At the same time, Mr Macpherson has also sold, on behalf of Hire 2 Events Limited, the freehold of Unit 4 Woden Court, Saxon Business Park, Hanbury Road, Bromsgrove, B60 4AD, to Wakefield-based SPEC Limited for £220,000.  Unit 4 is a 3,992 sq ft unit with a high bay warehouse and ground and first floor office space.

These sales come hard on the heels of the lettings by GJS Dillon in March (2016) of two industrial units of around 10,000 sq ft, also on Bromsgrove’s Saxon Business Park which is only three miles from Junction 4 of the M5 motorway and junction 1 of the M42.

Mr Macpherson says: “The demand for industrial units in Bromsgrove and across the whole of Worcestershire remains very strong, with demand starting to outstrip supply.  It’s an excellent time for owners to sell such properties.

“It is no surprise that businesses want to be based in Bromsgrove, which is fast becoming the premier business location in a county which itself is already one of the UK’s premier business locations.

“Worcestershire has excellent communications, through easy access to the M5, M42, and M40, and to Birmingham, London and international airports, a flexible workforce, significant industry clusters, key lifestyle factors, and there is useful assistance from the LEP, County Council and other public sector bodies.  Only last November it was named as the most productive LEP area in England.