Given the difficulty of borrowing money from the banks, it is surprising that the freehold market has come back strongly. A good example of this is the sale of City Link’s 14,256 sq.metres (153,481 sq.ft.) Wednesbury Hub, the largest cross decked distribution facility in the West Midlands which is on two adjacent sites on the Black Country Route, through DTZ.The complex, which includes offices, a vehicle maintenance unit and workshops was built in 1999/2000. It has been bought by a private investor of Eagleton & Co. DTZ’s John Sambrooke commented: “The Hub generated a lot of interest from both occupiers and investors. We secured the sale within six months of it coming onto the market.” In Walsall, Goold Estates has bought the 3.3 acre Gatehouse Trading Estate, home to the Backyard Brewhouse, Walsall’s only independent brewery and close to the site where the Staffordshire hoard of Anglo Saxon artefacts was found. Dominic Goold said ”We paid a double digit yield which will allow us to undertake refurbishment, including improved security. We have done a number of viewings there and hope to be able to announce the first new letting soon.”
The Midlands Commercial Property Register
The Midlands Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in the Midlands . You can also find the latest commercial property news for the Midlands.
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