Shenstone Industrial Unit - Sale Completes
Following instructions from a private pension fund, Burley Browne have successfully negotiated terms for the sale of Unit 27 Birchbrook Industrial Park in Shenstone. The property is situated in a popular local trading estate on the outskirts of Lichfield City Centre, benefitting from nearby road links with the M6 Toll Road Junction T5 and A38 trunk road.
The property extends to 698 sq ft of ground floor warehouse space incorporating a reception and single WC together with a mezzanine of 547 sq ft. Externally the property benefits from forecourt parking.
Ben Nicholson, Senior Associate Director comments, “Lichfield and its surrounds remains a very popular location for businesses, and we are continuing to experience high levels of interest for freehold opportunities which remain in short supply.
The sale of Unit 27 Birchbrook Industrial Park demonstrated an almost unprecedented number of enquiries and competing offers which resulted in a Best & Final bids process, with a sale price realised well in excess of the asking price. Birchbrook Industrial Park remains a popular location with limited opportunities and when presented, are often met by good interest.”
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.