Burley Browne completes two industrial sales for Surespan

Commercial property consultancy Burley Browne has completed the sale of two West Midlands industrial assets on behalf of access solutions manufacturer Surespan, in transactions totalling more than £2.6 million.

Surespan instructed Burley Browne to dispose of the properties as the business has relocated and consolidated its operations into a new factory complex near Aldridge Airport.

The company is a leading UK manufacturer of roof hatches, floor access covers, ladders and associated access and escape solutions.

The first asset, located on Leamore Close in the Bloxwich district of Walsall, was sold to a private investor for £1.275 million. The property offered a rare opportunity to acquire a substantial freehold industrial facility with full vacant possession.

Prominently positioned on the corner of Leamore Close and Commercial Road, the site lies within an established commercial area approximately three miles north of Walsall town centre and within easy reach of the M6 (J10).

The property extends to 18,760 sq ft, comprising interconnecting warehouse and workshop units (17,063 sq ft) with two-storey office accommodation (1,697 sq ft), together with a good-sized yard and ample parking.

Meanwhile, Surespan’s former site on Middlemore Lane, Aldridge, which offered part-vacant, part-income producing accommodation totalling 17,253 sq ft, has also been sold to an owner occupier in a deal worth £1.4 million.

The property includes first-floor offices let to Spectrum Fire Protection UK Ltd, generating £15,700 per annum, alongside extended warehouse space to the rear. The freehold site is situated in a popular commercial location close to Aldridge town centre, with strong links to Sutton Coldfield, Walsall and the wider motorway network, including the M6 and M6 Toll.

The premises comprise a mixture of warehouse/workshop accommodation with two-storey offices to the front - part of which is currently subject to an occupational lease - supported by yard and parking areas.

Ben Nicholson, Senior Associate Director at Burley Browne, said both sales reflected the exceptional strength of the regional industrial market.

“Demand for well-located freehold industrial opportunities remains incredibly strong, and genuine opportunities of this nature are increasingly rare. As a result, we received multiple enquiries and significant interest in both properties from the moment they were brought to market.

“Investor appetite continues to be resilient, with freehold industrial buildings attracting competitive bidding from both owner-occupiers and private investors,” he added.

Surespan finance director Mike McGrath said: “I have worked with the team at Burley Browne many times over the years and so I didn’t hesitate to instruct them to assist with the sale of these two sites.  Ben guided us through the transactions with his expert knowledge and experience, which ultimately meant we achieved the value we wanted and made it a relatively smooth process to get both transactions completed.”