No Signs of slowing for the Commercial Property Market

21.12.2021

The commercial property market continues to show no signs of slowing following the letting of Warehouse Premises within Shenstone Business Park off Lynn Lane in Shenstone, Lichfield.

The letting, by way of a licence, was completed within a matter of days to Marfleet Facilities Ltd and follows a similar successful letting of the same building just over 12 months ago. The property which provides a gross internal floor area of 52,241 sq ft, comprises of two interconnecting modern warehouse buildings benefitting from 3 phase power and lighting throughout together with numerous roller shutter access doors. The building benefits from a minimum internal eaves height of 8m reducing to 4.5m.

Ben Nicholson, Senior Associate Director, comments “This letting marks an intense marketing period, within which a number of interested parties had declared an interest in the building and reflects the current high level of demand for this style of accommodation. We are pleased to have been able to assist our client with the disposal within such a short window at this busy time of the year. Industrial premises in this area remain in short supply and when marketed are consistently met by a high level of demand, reinforcing the area as a popular destination.”

Burley Browne is one of the West Midlands’ leading independent commercial property consultants. It provides a comprehensive range of commercial property services to a wide variety of clients. These include private individuals and small businesses, through to pension funds, banks, property investors and developers, multi-national companies and national retail and leisure operators.

From its Sutton Coldfield head office, Burley Browne is unique in providing specialist knowledge of the North Birmingham and Staffordshire areas (which include Sutton Coldfield, Lichfield, Tamworth and Walsall), whilst also serving the wider West Midlands region. 

For more information on the office market or available properties please contact the office agency team at Burley Browne on 0121 321 3441, email – enquiries@burleybrowne.co.uk or visit the property search function on our website – www.burleybrowne.co.uk.   You can also follow us on Twitter @burleybrowne or in LinkedIn to keep up to date with all the latest news and properties.